AVP, AML Transaction Monitoring

Responsible for execution of a robust Anti Money Laundering Program for the bank ensuring adherence to the policies and procedures of the bank to confirm compliance with the Regulatory guidelines with regard to Anti Money Laundering directive of UAECB.. Responsible for the First Line of Defence surveillance activities undertaken for:- • Timely review of the alerts for the segment assigned from offshore team • Investigation of customers suspected of laundering money from onshore team • Prepare an ISTR in case investigation outcome suggest that customer is suspected of money laundering • Placing restrictions on customer account that does not support/provide response to Bank’s queries or significant money laundering concerns are identified • Sending RFI (Request for Information) to other FI (correspondent Banks) where transactions are suspected of Money Laundering - (if assigned Corporate/Corresponding Banking scenarios)