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Dodd-Frank Overhaul Heating Up AML Job Market
By Colby Adams and Brian Monroe
printThe ongoing U.S. financial regulatory overhaul and recent compliance penalties have sharply increased the demand for seasoned anti-money laundering professionals at federal agencies and banks, say sources. The overhaul, known colloquially as the Dodd-Frank law, will draw some regulators to the U.S. Consumer Financial Protection Bureau (CFPB), a new independent agency scheduled to launch next month. The U.S. Treasury Department's Office of the Comptroller of the Currency (OCC) will absorb the Office of Thrift Supervision, under the law. The merger of the two federal regulatory agencies, in particular, is fueling the increased demand, according to a Bank Secrecy Act (BSA)...
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