Anti-money laundering (AML) is a crucial department that combats global terrorism and financial crime, plus it helps international financial transactions function smoothly. Because this is such an important aspect of international finance, many companies put a lot of effort into hiring anti-money laundering analysts, and many businesses get in contact with a trusted staffing agency so that they can hire competent employees without having to spend hours researching and interviewing multiple candidates. In addition to helping to fight international financial crime, an AML analyst does a lot to help the company he or she works for, as well as the clients that the company serves. A talented AML analyst is a valuable asset that benefits a wide range of people from clients and teammates to international colleagues.

BSA/AML Analyst Definition

BSA stands for “Bank Secrecy Act” and it ties into AML regulations, as BSA guidelines instruct financial institutions to keep track of anything that may represent money laundering. A BSA/AML analyst is expected to understand these guidelines and use specialized knowledge to detect potential money laundering activities, and when these activities are detected, the analyst is expected to share the information with other financial institutions across the globe in an effort to combat money laundering.

BSA/AML Analyst Qualifications

A staffing agency looks for candidates who have at least a bachelor’s degree in a field that relates to this job. Because this position has a wide range of requirements, an applicant is expected to meet most or all of the following requirements:

  • Strong skills with Microsoft Word, Excel, and PowerPoint.
  • Great oral and written communication skills.
  • Excellent analytical skills.
  • Good understanding of anti-money laundering regulations and BSA regulations.