Compliance & AML Officer
Al Masraf bank
Total years of experience :13 years, 6 Months
• Reporting Suspicious Transactions to the Central Bank of the U.A.E. through online system after identifying and reviewing the transaction.
• Reporting the Fraudulent Transactions to the Central Bank through online system.
• Responding the queries raised by the Central Bank of the U.A.E. on timely basis.
• To review and respond to Online Complaint Management System (OCMS) and respond the queries escalated by Central Bank.
• Implemented the AML software in the bank and monitoring the transactions on daily basis.
• To coordinate with the correspondent banks for AML related matters and to complete the questionnaires and other documents.
• Monitoring of Large Transactions on a daily basis.
• Daily monitoring and follow-up of foreign currency transactions through SWIFT messages for inward & outward remittances.
• To review High risk accounts of the banks and escalate the undesirable relationship to the Management for the decision.
• Provide training to staff regarding Anti Money Laundering & Counter Terrorism Financing.
• Review procedures relating to area of Anti Money Laundering operations / function for effectively preventing money laundering.
• To review the policy of different departments to provide feedback for the improvement in the process.
• Overall monitoring of Currency Transaction Report (CTR) for timely submission to Financial Monitoring Unit (FMU).
• Daily monitoring and follow-up of foreign currency transactions through SWIFT messages for inward & outward remittances.
• Identify and review Suspicious Transactions Report (STR) and escalate to CAMLO.
• Resolving queries escalated by Financial Monitoring Unit on timely basis.
• Performing Due Diligence on Financial Institutions (FIs) - Correspondent Banking and respond their queries / questionnaire.
• Ensuring compliance of relevant SBP Regulations on Anti Money Laundering / Combating the Financing of Terrorism (AML/CFT) for enhancement of AML/CFT control measures to build a more robust AML framework.
• Monitor and investigate alerts in SAS AML as Senior Investigator for Nationwide Branches.
• Monitoring of financial activities in Staff Accounts over a defined threshold.
• Actively participated in the development of new Scenarios of SAS AML Solutions keeping the AML & CFT monitoring mechanism in view.
• Conducting Compliance Review of Branches in order to evaluate and monitor compliance controls.
• One of the active members who launched the entire framework of SAS AML Solutions in Nationwide Branches, including rollout and training aspects.
I am an ACCA Affiliate