Building a career in AML: Insights from Simon Rippon
19th August 2025
The anti-money laundering (AML) and financial crime prevention sector is evolving rapidly, driven by regulatory reforms, emerging technologies, and shifting hiring trends. In a recent episode of Total Talk with Dr Giulia Dondoli, Simon Rippon, Operations Director at Momenta, shared practical insights on what it takes to succeed in this dynamic field.
Skills and mindsets that make the difference
Simon highlights that while industry and technical knowledge is important, the most successful AML professionals also share these key personal attributes:
- Adaptability – thriving amid constant change in regulations and criminal tactics.
- Investigative mindset – curiosity to dig deeper and uncover hidden patterns.
- Analytical skills – the ability to assess complex information critically.
- Strong communication – especially clear, concise writing for risk reporting.
- Commitment to continuous learning – staying ahead with relevant courses and certifications.
Diverse backgrounds can lead to successful AML careers, from law and business to accounting and policing. Transferable skills such as problem-solving, attention to detail, and clear communication often matter as much as direct industry experience.
AML Tranche 2: A growing market
The upcoming AML/CTF Tranche 2 reforms in Australia will bring approximately 100,000 new entities, such as real estate agencies, accounting firms, and insurers under compliance obligations. This expansion is expected to:
- Increase demand for skilled AML professionals.
- Create competition between traditional sectors like banking and newly regulated industries.
- Open fresh opportunities for both experienced professionals and newcomers.
Balancing technology and human judgement
While AI and RegTech increasingly play roles in detecting and managing financial crime, Simon stresses that human expertise remains irreplaceable. Technology can process large volumes of data, but human judgment provides context, nuance, and common sense. The future arguably lies in the appropriate application of RegTech, with the decisioning process still controlled by humans.
International talent and migration trends
For many years, Australia has attracted AML professionals from more mature markets such as the UK and New Zealand, in which regulatory frameworks have been in place for far longer. These professionals often bring valuable experience and technical expertise from implementing reforms similar to AML Tranche 2. While the visa and sponsorship process can be complex, pathways exist for skilled migration, including temporary work visas that can lead to long-term sponsorship. As demand for AML expertise grows, it’s possible that future adjustments to visa categories could prioritise financial crime prevention skills.
Career advice for long-term success
Simon’s advice is clear: understand your motivations for entering the sector, be honest about your strengths and areas for growth, and take ownership of your professional development. In a fast-moving industry like AML, those who stay curious, adaptable, and proactive will be best placed to thrive.
Building a career in AML: Key takeaways
The AML sector has always been defined by constant change, whether driven by evolving criminal tactics, regulatory reform, or technological innovation. To stay relevant, professionals must embrace adaptability, lifelong learning, and proactive self-development. Transferable skills, strong communication, and a genuine willingness to learn can open the door to a successful career, even for those without direct AML experience. With AML Tranche 2 set to massively expand the regulated sectors and equally intensify competition for talent, organisations will need to strengthen their retention. . Those who combine the right mindset with continuous growth will be well-positioned to make a meaningful impact and drive successful outcomes in this critical industry.
How Momenta connects expertise with opportunity
At Momenta, we specialise in connecting organisations with highly skilled AML and financial crime prevention professionals. With decades of experience in global resourcing, we understand the evolving regulatory landscape and the importance of matching the right talent to the right opportunity. Whether you’re a business preparing for AML Tranche 2 or a professional looking to take your next career step, our expertise, network, and tailored approach can help you succeed.
