I did AML/KYC course, Excel, SQL and a transaction monitoring project. Still no calls. What am I missing?

I am trying for entry-level AML analyst roles and honestly I am not able to understand what is missing.

Everywhere the advice is almost the same. Do AML basics, learn KYC, understand CDD/EDD, practice Excel, learn some SQL, read about transaction monitoring and make one small project.

I did most of this. I have also seen many freshers and career switchers doing the same thing. Some people even add a small KYC project or transaction monitoring project in their CV.

But still interview calls are not coming.

So is this because the entry-level AML market is too crowded now? Or because recruiters do not take these course-based profiles seriously?

I am also wondering if these projects look too basic from the hiring side. Like maybe writing “transaction monitoring project” on CV does not mean much unless the person can actually explain why an alert is suspicious, what was checked, and how the case should be closed.

I am not asking which course to do next. I am trying to understand why entry-level AML analyst candidates get rejected despite KYC transaction monitoring projects when they have already done the normal beginner preparation.

People who are already in AML, fraud, banking operations, fintech compliance or crypto compliance, what do you think is usually missing in such profiles?