28d • General discussion
Module 4 – AML & CFT Frameworks
What I Learned:
Module 4 provided a deep dive into the AML (Anti-Money Laundering) and CFT (Counter-Terrorist Financing) frameworks. I learned the critical distinction: AML focuses on identifying and preventing the proceeds of crime from entering the system, while CFT specifically targets the prevention of funds supporting terrorism. Both are governed by global standards like the FATF Recommendations.
What I'm Achieving:
I am gaining hands-on experience in implementing and supporting the structured AML/CFT framework, which includes the pillars of KYC (Know Your Customer), transaction monitoring, and STR (Suspicious Transaction Report) filing. This is the frontline work of mitigating financial crime risks on a daily basis.
Why It Matters:
This work is essential to protect the integrity and stability of the financial markets. By rigorously applying these frameworks, we prevent our platform from being exploited by criminals and terrorists, thereby safeguarding the entire financial ecosystem and maintaining public trust.
How This is Preparing Me for a Real Career:
This specialized knowledge is a cornerstone of a compliance career. It provides me with practical, technical skills in financial crime prevention, a field that is constantly evolving and in high demand globally. I am learning to use data and technology to fight sophisticated illicit finance operations.
Inspiration for Others Coming Behind You:
Financial crime prevention is a noble and essential fight. Master the AML/CFT frameworks—they are the technical blueprint for trust. By becoming proficient in this area, you become a critical defender of the financial system.
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Module 4 – AML & CFT Frameworks
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