Newsletter, 7th ed.
Welcome to another edition of Perspective, by i3strategies®️.
Advanced technologies like Artificial Intelligence (AI) are on trend, but people remain constant in the financial crime risk and compliance space. In a recent glance at LinkedIn Jobs, we found more than 88,000 results for "Anti-Money Laundering".
We continue to examine resource readiness, career paths for a growing workforce, culture setters, and compensation.
We are sharing our unique "perspectives" on both people and technology in the latest edition of Perspective, by i3strategies®️.
People Perspectives
The prototypical AML Investigator has evolved over the last 20 years. You can read more and join the conversation here.
Building blocks for AML Investigators are about foundational skills (R-A-W standards), knowledge (banking, money laundering, and financial intelligence), and abilities (expertise). Read more and join the conversation here.
Non-linear career paths are the way for financial crime risk and compliance professionals and organizations that employ them. Read more and join the conversation here.
In 2008, Vic Maculaitis landed his first 6-figure comp as a board-appointed BSA Officer at a $20B bank-holding company. He thought he had hit the pinnacle of the AML field. Read more and join the conversation here.
The Top 10 US banks give their board-appointed BSA Officers 9 different titles. Read more and join the conversation here.
FinCEN is seeking a new Director to lead a 300+ person org, overseeing a $300M budget -- open to the public w/ comp capped at $212K. Read more and join the conversation here.
Building culture and purpose in financial crime risk and compliance operations can be challenging. Read more and join the conversation here.
Splash hires are nothing new for financial crime risk and compliance. Read more and join the conversation here.
Levels are a natural part of professional life, and they're certainly part of financial crime risk and compliance. Read more and join the conversation here.
Mid-sized banks are best positioned to integrate financial crime risk and compliance functions and to elevate the role of the BSA Officer. Read more and join the conversation here.
These are the things that get the role of the Chief AML Officer right. Read more and join the conversation here.
Technology Perspectives
Advancements in technology, in general, are good. How does artificial intelligence (AI) succeed in financial crime risk and compliance? Read more and join the conversation here.
There are a lot of AI-based technologies aimed at the financial crime risk and compliance space -- and it is inevitable that AI-based technologies will have a meaningful impact over time. Read more and join the conversation here.
Mark Cuban, LLMs, and LKMs, financial crime risk and compliance. Read more and join the conversation here.
ChatGPT writes 5 financial crime risk and compliance policies in less than 5 minutes w/ 0 errors observed. Read more and join the conversation here.
Identity Verification (IDV) has broad use cases for solutions across many sectors and industries. Increasingly important for financial crime risk and compliance. Read more and join the conversation here.
