Navigating the Anti-Money Laundering Analyst Landscape in Singapore with Step-by-Step Career Guide

An anti-money laundering analyst performs accounting-related functions in investigating and analyzing alerts for potential money laundering risks. They implement and establish procedures that investigate normal accounting practices and are constantly aware of procedures that can be viewed as going against those normal practices. Daily assessment of anti-money laundering reports is needed, along with the review of financial and accounting results. The analyst can ensure quality accuracy and compliance with appropriate legal and regulatory requirements. They also guide employees on remediation of issues that arise.

Being able to assist with others in investigations and to correlate information in order to solve laundering issues is needed. Reports need to be done regularly, and communication between financial and accounting-related departments is common. Procedures may need to be changed, and the analyst needs to be able to adjust the way they solve a laundering issue. A high level of communication is required, along with being able to work with other anti-laundering teams to complete all the necessary analytical inquiries. Functions such as reviewing business processes and functions, correcting general mistakes found within them and having the problem-solving skills to improve those procedures for future investigations are needed. Having high energy and being able to work in an ever-changing environment is often necessary.

Education in the accounting, finance, or business arena is needed at college level for most positions, with several years of related experience is desired. The analyst needs to be able to work under minimal supervision and under high pressure.