AML Competency Framework

An AML competency framework outlines the skills, knowledge, and abilities that employees must possess to effectively perform their roles within an anti-money laundering program. This framework sets the standard for training, development, and performance assessment, ensuring that staff members are equipped to handle AML-related tasks proficiently.

Implementing an AML competency framework helps organizations build a capable workforce, improve compliance practices, and reduce exposure to money laundering risks. It also supports career development for employees, enhancing their expertise and contributions to the organization’s overall risk management efforts.