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Eligibility Requirements for the CAFP

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 and are therefore not offered outside the U.S. Candidates must have U.S.-based experience to satisfy the experience requirement.

Experience Tiers

The educational requirements to qualify for certification vary on the number of years of experience you have in the field.

Two (2) years minimum of financial crimes experience AND completion of ONE of the following BSA/AML and fraud training programs:

Two (2) years minimum of financial crimes experience AND currently hold ONE of the following professional certifications:

Five (5) or more years of financial crimes 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.

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