ABA Banking Journal - March/April 2016 - (Page 11)
ABA Offers New Financial
As bankers face constantly evolving threats of fraud and a challenging
regulatory environment, ABA's Institute of Certified Bankers recently
unveiled a new training curriculum and professional certification
program for fraud and anti-money laundering to help bankers to
deepen their knowledge and stay on top of current trends.
The Certified AML and Fraud Professional (CAFP) certification takes
a holistic approach to financial crimes, encompassing both AML
and fraud. The program draws on bankers' practical experience in
complying with U.S. banking laws and regulations, as well as their
ability to detect, assess and respond to a variety of financial crimes.
The certification positions bankers to be financial crimes leaders within
"Today's heightened threat environment and regulatory landscape
have amplified the need for bank professionals to demonstrate a
proven ability to detect and quickly address the complex criminal
risks that institutions face each and every day," says ABA EVP Jim
Edrington. "Bankers who earn the CAFP credential will serve as a true
'line of defense' within the industry and distinguish themselves as
leaders in the prevention of money laundering and fraud crimes."
ABA recently introduced grassroots
text alerts, which allow ABA
members to get updates and
action opportunities on regulatory
relief and other legislative issues
directly to their mobile phones. ABA
members who opt in to receiving text
messages will receive information
and calls to action, often with direct
links to pre-written emails that
can be sent straight to senators or
representatives. To sign up for text
alerts, bankers can text "ABA" to
74700. Messaging and data rates
Bankers interested in applying for the certification must have at least
two years of U.S. banking experience, with primary responsibility in
Bank Secrecy/AML compliance or fraud. The inaugural exam will take
place April 22-30.
ABA launched a new suite of online courses in early 2016 that cover
a comprehensive list of AML and fraud topics, including program
governance and oversight, customer onboarding, monitoring,
detecting, responding and regulatory reporting requirements.
Candidates for the CAFP certification may take these courses to qualify
to sit for the exam. For candidates with more years of experience, the
courses can serve as a refresher.
ABA is also partnering with the University of Maryland's Robert H.
Smith School of Business to deliver in-person, executive-level training
for fraud management and anti-money laundering. The first sessions,
to be held in Washington D.C. later this year, will be taught by a faculty
of experts from regulatory and government agencies as well as the
private sector, and engaged attendees in exploring relevant topics
through team exercises, active learning modules and case studies.
Learn more at aba.com/CAFP.
aba.com/BankingJournal | ABA BANKING JOURNAL
Table of Contents for the Digital Edition of ABA Banking Journal - March/April 2016
LEARNING THROUGH LITERATURE
PUMPING IT UP
CRE AT A CROSSROADS
LAYING A FOUNDATION FOR INNOVATION
A PASSION FOR ADVOCACY
WHY BANK CONSOLIDATION IN THE U.S. WILL LIFT OFF IN 2016
ABA COMPLIANCE CENTER INBOX
BOOKS FOR BANKERS
FROM THE STATES
CORPORATE SOCIAL RESPONSIBILITY
INDEX OF ADVERTISERS
ABA Banking Journal - March/April 2016