Certified AML and Fraud Professional (CAFP)

Why pursue your CAFP designation? Consider these professional benefits and values of certification: Position Yourself as a Financial Crimes Leader Earning this credential enhances your professional reputation and value by recognizing: Your practical experience in complying with U.S. laws and regulations and your ability to respond to a wide variety of financial crimes threatening your institution. Your proven knowledge in program design and governance, regulatory requirements, detection, prevention and reporting, and understanding ofexisting and emerging money laundering and fraud risks. Learn more about the value of certification to you and your institution. Continuing Education (CE) Database CAFPs can identify relevant professional development options quickly and easily with the Certification Manager, which highlights programs that have been approved for CE credit. To earn the Certified AML and Fraud Professional (CAFP) designation, candidates must: Meet the eligibility requirements; Submit completed application and fees for desired exam date; Pass the CAFP examination. Requirements You must meet the following eligibility requirements by the time that you take the exam. ABA will accept your application with education/training that is scheduled to be completed by your exam date. ABA certifications are based on U.S. laws and regulations. To be eligible, candidates must have U.S.-based experience to satisfy the experience requirement. Approved candidates may take the exam at U.S. test sites or via live remote proctoring. Experience Tiers The educational requirements to qualify for certification vary on the number of years of experience you have in the field. Option One: 2+ Years of Experience Option Two: 2+ Years of Experience Option Three: 5+ Years of Experience Professional Experience To satisfy the CAFP requirement, you must have U.S. banking experience in Bank Secrecy Act (BSA)/anti-money laundering (AML) compliance, fraud detection, and/or cyber-enabled financial crimes. These jobs are typically found within corporate compliance, legal, operations, risk management, cyber units, internal or external audit departments, financial crimes consultants, and state/federal examiners and law enforcement. Your primary job responsibilities must be focused on financial crimes in one or more of the following areas: Program design, implementation and oversight Monitoring internal controls Regulatory reporting Consultation as a subject-matter expert Audit, review, and enforcement of program policies, procedures and processes, and/or Compliance and/or Operational Risk Management state or federal examiner Law enforcement roles primarily focused on U.S. state or federal financial crimes investigations Ethics Statement Each candidate must sign ABA Professional Certifications' Code of Ethics statement. Please note: you must furnish all pertinent information about any convictions or pleas of nolo contendere on the grounds of fraud, embezzlement, unfair or deceptive practices, securities law violations, misappropriation of property, fraudulent conversions or any civil or administrative action from which you have been previously found liable.