ABA Banking Journal - March/April 2016 - (Page 11)

UPFRONT ABA Offers New Financial Crimes Management Certification 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 their institutions. "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." Grassroots Text Alerts Help Bankers Stay Connected 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 may apply. 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 11 http://www.aba.com/CAFP http://www.aba.com/BankingJournal

Table of Contents for the Digital Edition of ABA Banking Journal - March/April 2016

CHAIRMAN’S VIEW
UPFRONT
PICTURE THIS
LEGAL BRIEFS
LEARNING THROUGH LITERATURE
PUMPING IT UP
CRE AT A CROSSROADS
LAYING A FOUNDATION FOR INNOVATION
A PASSION FOR ADVOCACY
MARKETING
CEO ROUNDTABLE
WHY BANK CONSOLIDATION IN THE U.S. WILL LIFT OFF IN 2016
ABA COMPLIANCE CENTER INBOX
PAYMENTS
CYBERSECURITY
FRAUD
BOOKS FOR BANKERS
BOARD MATTERS
FROM THE STATES
CORPORATE SOCIAL RESPONSIBILITY
INDEX OF ADVERTISERS

ABA Banking Journal - March/April 2016

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