Does It Mean To Be Benched As An Aml Rightsource

Scott Simon

2 min read

·

11-01-2025

1

0

Share

Being "benched" as an AML (Anti-Money Laundering) rightsource isn't a standard term within the industry, and its meaning depends heavily on context. There's no universally accepted definition. However, based on common industry practices and terminology, we can explore several possible interpretations.

Possible Interpretations of "Benched"

• Temporarily Removed from Active Projects: This is perhaps the most likely interpretation. A benched AML rightsource might still be employed by the company but is not currently assigned to any specific cases, investigations, or projects. This can occur due to several factors: a lull in workload, a shift in project priorities, or the need for specialized skills not currently required. Being benched in this context is usually temporary, and the rightsource can expect to be reassigned once suitable opportunities arise.

• Performance-Related Bench: In some cases, being benched might be a consequence of performance issues. If an AML rightsource consistently fails to meet expectations – whether in terms of accuracy, efficiency, or adherence to compliance procedures – they might be temporarily removed from active projects as a form of performance management. This often includes additional training or mentoring to improve skills and address deficiencies. It is a serious situation and usually accompanied by formal feedback.

• Contractual Bench (Freelancers): For freelance or contract AML rightsources, being benched might simply mean that their contract has ended or has not been renewed. While not technically "benched" in the same sense as employees, this situation results in the same outcome: no active projects.

• Internal Re-evaluation: The company might be conducting an internal restructuring or evaluation of its AML team and resources. During this period, certain rightsources may be temporarily removed from active projects while their roles and responsibilities are redefined.

Importance of Clarification

It's crucial to obtain clarification from your employer or contracting agency about the specific meaning of being "benched." This will eliminate ambiguity and provide insight into the situation's implications for your career and future prospects. Don't hesitate to ask direct questions about the reasons behind the benching and any associated timeline or performance expectations.

Seeking Support and Guidance

If you are benched due to performance issues, actively seek feedback and explore opportunities for improvement. Utilize available resources, such as training programs or mentorship, to enhance your skills and demonstrate your commitment to professional development. Remember, professional development is key to maintaining a successful career in the AML field. Seeking advice from HR or a career counselor can also be beneficial during this period.