For Immediate Release
December 1, 2015
ABA Media Contact: Mike Townsend
(202) 663-5471
Follow us on Twitter: @ABABankers

New ABA Certification Program Fosters Expertise in Financial Crimes Management

WASHINGTON —The American Bankers Association’s Institute of Certified Bankers today unveiled its new Certified AML and Fraud Professional (CAFP) certification, a credential that helps “protect” the banking industry through demonstrating the recipient’s ability to detect, prevent, monitor and report current and emerging money laundering and fraud risks. In conjunction with the new certification program, ABA is launching a new financial crimes online training curriculum featuring courses that cover a comprehensive list of anti-money laundering (AML) and fraud topics.
“Today’s heightened threat environment and regulatory landscape have amplified the need for bank professionals to demonstrate a proven ability to detect and quickly address the complex criminal risks that institutions face each and every day,” said Jim Edrington, executive vice president of ABA's professional development group. “Bankers who earn the CAFP credential will serve as a true ‘line of defense’ within the industry and distinguish themselves as leaders in the prevention of money laundering and fraud crimes.”     
The CAFP certification takes a comprehensive experience-based approach to financial crimes encompassing both AML and fraud. It recognizes an individual’s practical experience in complying with U.S. banking laws and regulations and their ability to detect, assess and respond to a variety of financial crimes. Applicants must have at least two years of U.S. banking experience with primary responsibility in Bank Secrecy Act/AML compliance or fraud. The inaugural exam will take place April 22-30, 2016.
ABA will make its financial crimes online training suite available to candidates in early 2016. These courses will cover a comprehensive list of AML and fraud topics, including program governance and oversight, customer onboarding, monitoring, detecting, responding and regulatory reporting requirements. Candidates may take these courses to qualify to sit for the exam, or for those candidates with more years of experience, the courses can serve as a refresher.
Separately, ABA is also ramping up its in-person training offerings in the financial crimes space. The association recently announced its collaboration with the University of Maryland’s Robert H. Smith School of Business to deliver two new executive education programs addressing AML and fraud management. The programs are the first of their kind and will help experienced financial crimes professionals further cultivate the knowledge and skills necessary to develop, implement and monitor emerging risks within AML and fraud programs.
For more information on the CAFP certification program, visit To learn more about the AML and fraud management executive education programs offered in partnership with the University of Maryland, visit
EDITORS: Click here to view a 2-minute video introducing ABA’s financial crimes education and training offerings.
The American Bankers Association is the voice of the nation’s $16 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $12 trillion in deposits and extend more than $8 trillion in loans.
# # #