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In Chief Compliance Slots, AML Officers Have Appeal and Hurdles
By Matt Squire
printFor the seasoned anti-money laundering compliance officer, experience and good luck can mean a higher salary and a foray, via promotion, into the larger world of general financial compliance, say consultants. The caveat: the same skills that opened doors can hinder performance, they say. Because effective anti-money laundering (AML) programs require a thorough understanding of how a financial institution operates, AML officers are often well suited to be the "primary candidates" for chief compliance officer positions, said Patrice Motz, a principal with Alexandria, Va.-based London Potomac Financial Advisory Services. What's more, "there are not many other compliance areas that require...
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