Lalit Kaushik
Summary
Dedicated and detail-oriented professional with a comprehensive background in transaction monitoring, Anti-money laundering (AML), and know your customer (KYC) compliance. Seeking a challenging role where I can leverage my expertise in diligently analyzing financial transactions, preparing Suspicious Activity Reports (SARs), and ensuring regulatory compliance. Proven ability to contribute to robust risks. Committed to staying abreast of evolving regulations and implementing best practices. Proven track record of developing and implementing robust compliance frameworks, conducting risk assessments, and ensuring regulatory adherence within the financial services sector. To work in a competitive and challenging work environment. To contribute to the best of my ability towards the growth and development of a progressive company. To acquire a position that will utilize my knowledge and experience, as well as further develop and cultivate my current skills and talents.
Compliance professional with strong background in anti-money laundering investigations. Proven track record of enhancing compliance frameworks and identifying suspicious activities. Reliable team member known for adaptability and commitment to achieving regulatory compliance. Skilled in risk assessment and regulatory reporting.
Professional with strong background in financial compliance and investigative analysis. Proven track record in identifying and mitigating risks, ensuring regulatory adherence, and supporting anti-money laundering initiatives. Strong collaborator, adaptable to changing needs, and focused on achieving results. Skilled in data analysis, risk assessment, and regulatory reporting.
Experienced with conducting in-depth AML investigations to identify and prevent financial crimes. Uses analytical skills to evaluate complex transactions and ensure regulatory compliance. Track record of collaborating effectively with teams to achieve compliance goals.
Experienced in reviewing financial documents and digital records. Effective at directing, monitoring and inspiring team members to complete accurate and timely investigations and reports. Talented in training employees, solving complex problems and making sound decisions.
Overview
10
10
years of professional experience
Work History
APM Compliance
Financial Services
11.2024 - Current
- Experience in working with one of the biggest American Bank Platform for Transaction
- Monitoring, KYC Sanctions and Payment Screening
- Analyzing and investigating alerts generated against Sanction Screening lists and related watchlists originated from OFAC, UNSC, EU & HM Treasury Sanction List messages according to global sanctions screening policy and guidelines
- Conduct alert investigation using global standard policies, procedures and tools aimed at meeting internal and external regulatory requirements
- As a result of the investigation, report unusual client activities that might be related to sanctions, money laundering or terrorist financing
- Conducting searches, gathering data and recording evidence from internal systems, the internet, commercial databases and inquiry with business or Compliance contacts within the organization
- Ensure that all alert analysis and investigations are performed within timeframe provided in the policy and stipulated in the SLA's with the different stakeholders
- Monitoring adherence to the Sanctions Policy and relevant procedures; staying current on key Sanctions regulatory changes, key enforcement actions and related industry trends
- Interacting with relevant teams to raise awareness of Sanctions trends, emerging issues, remedial actions or enhancements to the program
- Making recommendations to the design and maintenance of a comprehensive written
- Operations Sanctions Framework (procedures and policies)
- Identify opportunities for the reduction of false positives via whitelisting
- Manage the mailbox and respond to any urgent requests
- Prepared and delivered compliance training to newly joined employees
- Periodically completed due diligence on Counter party review on existing clients
- We manage Financial Case Compliance daily, including trade-based money laundering tasks assigned by clients in our queue
- Leveraged various application and Tools including Dow Jones Adverse Media Screening
- LEXIS NEXIS, MDS, Fin-Scan, NAP portal , SharePoint , World check, VAP etc
- Conducting Sanction screening, PEP screening and Adverse media checks
- Used critical thinking to break down problems, evaluate solutions and make decisions
- Acted as a liaison between clients and development teams, ensuring timely communication during critical incidents
- Have Experience in handling Transaction & Fraud Monitoring, CDD, EDD, Screening and worked on Applications as Word Check, Dow Jones Adverse Media Screening, Fiserv, , Master
- Data System, NAP, Voluntary acknowledgement of parentage & Lexis Nexus
- Also Reporting
- Suspicious Transactions to FIU (Financial Intelligence Units)
- Analyzed to determine the validity of the sanctions flags generated by the sanctions screening software (Dow Jones) and process the entries created
- Reviewed all Incoming and Outgoing Payments Captured in Compliance Sanctions Queue
- Screening all Incoming and Outgoing SWIFT Messages to ensure No Entities, Individuals
- Vessels, Countries, Organizations are involved in the Messages/Payments are Subject to
- Sanctions as per the Lists Subscribed by World Pay
- Following up with Correspondent Banks, Internal Teams, MLRO's for the Investigations or
- Payments
- Contacting Relationship Managers, MLRO's, Correspondent Banks for Seeking more information or details about Suspected Payments
- Contacting Filter Management Team (FMT) whenever any changes are to be made in the Lists
- Maintained the edge of Hourly Cut offs and Payment releases without Missing SLAs and
- Impacting Accuracy
- Reviewed incoming/outgoing wire payment/transaction exceptions generated from government watch list alerts, including evaluating and analyzing payments/transactions to determine approval, rejection or the need for further investigation
- Investigated Sanction queries including Client interactions in line with Match Verification
- Guidelines (MVG)
- Providing Weekly progress reports of alerts reviewed including those require further information and True Matches that have been Identified
- Reviewed and analyzed underlying data gathered opposite to AML, Terrorism Funding
- Human trafficking, and other red flags to assess whether the alert should be recommended for escalation or to be close with no further action
- Provided assistance and guidance to Global Business Units on the implementation of Anti-
- Money Laundering/Counter-Terrorism Financing (AML/CTF) Economic and Trade Sanctions (Sanctions), Anti Bribery and Anti-Corruption (ABAC) Policy and Fraud requirements
- Investigate Flagged Transactions to determine if they warrant filing a Suspicious Matter
- Review (SMR) and report to Appropriate Authorities
- Ensure KYC has been accurately completed in accordance with quality standards and time frames set within established Policy, Procedures, Standard and Operating manual
- Successfully conducted thorough due diligence investigations for SDD, CDD and EDD customer
- Maintained a high level of productivity and quality in work to fulfil the Business requirements
- Perform Accuity check, Lexis Nexis, and Google screening on customers, Related party and UBO to avoid Fraud, corruption, ML, TF, bribery and trafficking
- Responsible for reviewing documents to identify any money laundering or terrorist financing cautionary flags and rapidly dispositioning them along with escalating cases
- Performed Quality Control reviews of AML /KYC files created by Onboarding team to determine if review and research were conducted in accordance with Quality Standard and timeframes set for within established procedures, Payment Gateway / bank policy and regulatory requirements
- Investigated Institutional, financial and Individual client through utilizing research and analysis of public records, commercial database, global media sources and internet
- Identified clear connections between policies and business results to eliminate or reduce confusion and help employees achieve goals
- Responsible for reviewing documents to identify any money laundering or terrorist financing cautionary flags and rapidly dispositioning them along with escalating cases
- We are using Brighterion and NICE Actimize applications to monitor transactions for compliance regarding merchants, individuals, sanctions, and payment screenings
- Transaction Verification
- A - Transaction Validation
- B - Transaction Integrity Anomaly Detection
- A - Irregularities in Transaction Patterns
- B - Behavioral Analytics Compliance & Reporting
- A - AML/KYC Checks
- B - Regulatory Compliance Error Handling & Logging
- A - Transaction Reconciliation
- B - Audit Trail Fraud Prevention
- A - Risk Assessment
- B - Transaction Reversal or Freezing Performance Monitoring
- A - Transaction Latency & Confirmation Time
- B - Network Health
- Sanctions:
- Examine complex alerts/transactions or watch list filtering/sanction screening alerts that are detected by the Organization's AML risk assessment tool (Actimize) for USA region
- Working on Watch List Filtering/Sanction Screening Alerts and monitoring the involvement of sanctioned countries/watch list filtering list
- Observe the transactional activity of clients for identifying or detecting unusual or suspicious behavior, which may represent money laundering/terrorist financing/fraudulent activity by researching the background of customers on external searches for adverse media and customer's transaction pattern whether they should be considered unusual in the context of known trading patterns
- Make a decision on whether to escalate an alert to the Level – 2, if ascertained as unusual
- Skills : Ongoing monitoring , Transaction monitoring, Customer due diligence, Risk assessment
- Reporting , Communication skills, Automated screening ,Training, Detecting suspicious activity
- Detecting suspicious activity, Leveraging technology , Transaction screening, Adverse media monitoring, SharePoint , Tableau, PEP screening, Regulatory compliance, Criminal investigation
- Experience in AML/KYC- performing Desktop Research for a leading Sydney based bank -:
- Standard Due Diligence which involved
- Worked on Transactions Monitoring and EDD process as a part of Financial Crime Compliance for, & United Kingdom Platform
- Understanding the flow through of funds with the help of internal records and Opensource
- Information
- Worked on US and international Escalation alerted which were escalated due to involvement found in illicit activities
- Perform Enhance Due Diligence on high-risk customers and implementing CDD & SDD for low and medium risk customers
- Understanding of Banking services terminologies
- Data Remediations Skills
- End to End and provide AML/ATF/TBML (Trade Based Money Laundering) and sanctions
- Strong knowledge of bank KYC on-boarding and KYC refresh procedure
- Performing due diligence for High-Risk Onboarding, Name Screening and completion of KYC
- Refresh for Ongoing Due Diligence
- Verifying all kinds of legal documents which provide by the customer to the bank for opening or commercial account with Bank
- Conduct research to verify information given by the customer and bank records for new and old account
- Legal Documents like Certification of Incorporation, Certification of Organization, Operation
- Agreement, Business Agreement, Business Registration Certificate, DBA Proof, Partnership
- Agreement and all Primary and secondary ids
- If any kind of discrepancy or altering or seen changes between given documents and customer bank history or made any information changes between the banks history and latest documents then need to send infraction to the bank for further review and investigation
- Earlier worked as a Business Analyst cum Subject Matter Expert for one of the top crypto currency exchange platforms
- Ensure scheduled payments are processed on time
- Perform day to day financial transactions as required
- Authorizing of payments by validating the beneficiary details and required documents
- Processing of payments need to check whether the payments is sent to sanctioned countries
- HRJ or MRJ countries and take necessary actions after reviewing the all-necessary information's and documents for the account
- Analyze customer data to identify potential fraud patterns and trends
- Verifying and analyzing the Identification card, Legal Documents, Driving License, Residence
- Card, Passport and many more documents provided by the customer
- If any kind of frauds and attempts of fraudulent activities then we escalate the customer data to the MLRO Team for further investigation
- If payments are for sanctioned country, we will require mandatory documents and need to check the beneficiary account records and account details and verifying identity and documentation through AML portal LexisNexis and take action against the account as per client procedure
- Conducting quality check on completed KYC files as per established quality framework and meet required Service Level Agreements
- Review policies and procedures, regulatory compliance training for compliance with applicable laws and regulations suspicious activity reporting and transaction monitoring/KYC/screening/ fraud regulations
- Establish feedback loop between analyst and QC
- Interpret evidence from multiple tools and systems to determine legitimacy of customer behavior across multiple products
- End to end understanding of KYC operations from documentary and non-documentary verification and as per relevant policy, nature of business, source of wealth / funds and customer screening against watchlist of sanctions, PEP and adverse media
- Ability to conduct and mentor resources to conduct detailed investigations using vendor and open sources to remediate compliance alerts
- Reviewing transactions to establish utilization and source of fund as per expected activities
- Excellent understanding of transaction monitoring/KYC/screening/fraud terminology
- Ownership of and contribution to various high priority projects, working with hands on approach to ensure successful completion
- Conducted regular reviews and updates of the PEP database to reflect changes in political positions, affiliations, and regulatory guidelines
- Assisted in the development and implementation of transaction monitoring systems and tools to detect suspicious activities
- Conducted internal audits and assessments to evaluate the effectiveness of compliance controls and procedures
- Provided guidance and support to business units on AML/KYC compliance matters and regulatory requirements
- Developed and maintained a comprehensive Politically Exposed Persons (PEP) database to ensure compliance with regulatory requirements
- Implemented processes for the identification, verification, and classification of PEPs based on established criteria and risk levels
- Oversaw AML/KYC compliance efforts, including due diligence processes and regulatory adherence
- Conducted comprehensive due diligence investigations on new and existing clients, implementing both CDD and EDD procedures
- Developed and implemented advanced Sanctions screening protocols utilizing cutting- edge screening technologies
- Analyzed adverse press media sources to identify potential risks and issues related to clients and transactions
- Managed watchlist screenings and investigated matches to identify potential PEPs and sanctioned individuals/entities
- Designed and delivered training sessions on AML/KYC regulations and compliance best practices to staff members
- Prepared and presented reports on PEP-related risks and compliance activities to senior management and regulatory authorities
- Ensured accurate and timely completion of KYC in accordance with policy and procedures
- Responsible for reviewing documents to identify any money laundering or terrorist financing cautionary flags and rapidly dispositioning them along with escalating cases
- Working knowledge on various agreements and how to find relevant information from the agreements – Private Placement Memorandum, Limited Partnership etc
- Working on complex entity structures globally
- KYC Onboarding and Remediation (Full Review, Risk Assessment), Outreach to clients and
- Screening (Alert disposition on entitles and related parties) with a demonstrated track-record supporting international clients
- Skills : Ongoing monitoring , Automated screening , Transaction monitoring, Customer due diligence, Risk assessment, Reporting , Communication skills, Training, Detecting suspicious activity, Detecting suspicious activity, Leveraging technology , Transaction screening, Adverse media monitoring, SharePoint , Tableau, PEP screening, Regulatory compliance, Criminal investigation
- Working with Genpact Services as a Fin-crime Subject Matter Expert / Business Analyst from
- Collaborated with cross-functional teams for the successful implementation of new compliance initiatives.
- Monitored adherence to industry regulations, ensuring timely reporting of any discrepancies or violations.
- Improved company''s risk management strategy by identifying, assessing, and mitigating potential risks related to noncompliance.
- Assisted in the preparation of reports for senior management, outlining findings from investigations into suspected non-compliant activities.
- Prepared documentation and records for upcoming audits and inspections.
- Conducted comprehensive assessments of institutional vulnerabilities to money laundering risks, informing the development of targeted mitigation strategies.
- Assisted in the development of AML policies and procedures, ensuring regulatory compliance and minimizing financial crime exposure.
Subject Matter Expert
U.S. Bank & Crypto Exchanger
01.2022 - 10.2024
- In (Banking, Crypto & Financial Services)
- Worked on Transactions Monitoring and EDD process as a part of Financial Crime Compliance for, Platform
- Understanding the flow through of funds with the help of internal records and Opensource
- Information
- Worked on US and international Escalation alerted which were escalated due to involvement found in illicit activities
- Perform Enhance Due Diligence on high-risk customers and implementing CDD & SDD for low and medium risk customers
- Understanding of Banking services terminologies
- Data Remediations Skills
- W-8, W-9,1065 & 1120 forms (US Tax Forms) Banking Applications forms understanding
- End to
- End and provide AML/ATF and sanctions
- Strong knowledge of bank KYC on-boarding and KYC refresh procedure
- Performing due diligence for High-Risk Onboarding, Name Screening and completion of KYC
- Refresh for Ongoing Due Diligence
- Verifying all kinds of legal documents which provide by the customer to the bank for opening or commercial account with Bank
- Conduct research to verify information given by the customer and bank records for new and old account
- Legal Documents like Certification of Incorporation, Certification of Organization, Operation
- Agreement, Business Agreement, Business Registration Certificate, DBA Proof, Partnership
- Agreement and all Primary and secondary ids
- If any kind of discrepancy or altering or seen changes between given documents and customer bank history or made any information changes between the banks history and latest documents then need to send infraction to the bank for further review and investigation
- Earlier worked as a Business Analyst cum Subject Matter Expert for one of the top crypto currency exchange platforms
- Ensure scheduled payments are processed on time
- Perform day to day financial transactions as required
- Authorizing of payments by validating the beneficiary details and required documents
- Processing of payments need to check whether the payments is sent to sanctioned countries
- HRJ or MRJ countries and take necessary actions after reviewing the all-necessary information's and documents for the account
- Analyze customer data to identify potential fraud patterns and trends
- Verifying and analyzing the Identification card, Legal Documents, Driving License, Residence Card
- Passport and many more documents provided by the customer
- If any kind of frauds and attempts of fraudulent activities then we escalate the customer data to the MLRO Team for further investigation
- If payments are for sanctioned country, we will require mandatory documents and need to check the beneficiary account records and account details and verifying identity and documentation through AML portal LexisNexis and take action against the account as per client procedure
- Conducting quality check on completed KYC files as per established quality framework and meet required Service Level Agreements
- Review policies and procedures, regulatory compliance training for compliance with applicable laws and regulations suspicious activity reporting and transaction monitoring/KYC/screening/ fraud regulations
- Establish feedback loop between analyst and QC
- Interpret evidence from multiple tools and systems to determine legitimacy of customer behavior across multiple products
- End to end understanding of KYC operations from documentary and non-documentary verification and as per relevant policy, nature of business, source of wealth / funds and customer screening against watchlist of sanctions, PEP and adverse media
- Ability to conduct and mentor resources to conduct detailed investigations using vendor and open sources to remediate compliance alerts
- Reviewing transactions to establish utilization and source of fund as per expected activities
- Excellent understanding of transaction monitoring/KYC/screening/fraud terminology
- Ownership of and contribution to various high priority projects, working with hands on approach to ensure successful completion
- Conducted regular reviews and updates of the PEP database to reflect changes in political positions, affiliations, and regulatory guidelines
- Assisted in the development and implementation of transaction monitoring systems and tools to detect suspicious activities
- Conducted internal audits and assessments to evaluate the effectiveness of compliance controls and procedures
- Provided guidance and support to business units on AML/KYC compliance matters and regulatory requirements
- Developed and maintained a comprehensive Politically Exposed Persons (PEP) database to ensure compliance with regulatory requirements
- Implemented processes for the identification, verification, and classification of PEPs based on established criteria and risk levels
- Oversaw AML/KYC compliance efforts, including due diligence processes and regulatory adherence
- Conducted comprehensive due diligence investigations on new and existing clients, implementing both CDD and EDD procedures
- Developed and implemented advanced Sanctions screening protocols utilizing cutting- edge screening technologies
- Analyzed adverse press media sources to identify potential risks and issues related to clients and transactions
- Managed watchlist screenings and investigated matches to identify potential PEPs and sanctioned individuals/entities
- Designed and delivered training sessions on AML/KYC regulations and compliance best practices to staff members
- Prepared and presented reports on PEP-related risks and compliance activities to senior management and regulatory authorities
- CRYPTO
- Worked on Transactions Monitoring and EDD process as a part of Financial Crime Compliance for one of the top crypto currency exchange platforms
- Understanding the flow through of funds with the help of internal records, Block chain analytics and Opensource Information
- Worked on US and international Escalation alerted which were escalated due to involvement found in illicit activities
- Perform Enhance Due Diligence on high-risk customers and implementing CDD & SDD for low and medium risk customers
- End to end KYC, Due diligence, Screening for all individuals, entities and associated parties
- Produced in depth reports outlining findings and recommendations for improvement by updating the knowledge and understanding the major aspects of AML, EDD, Transactions
- Monitoring and other financial issues, Policy and Procedures
- Prepare Regulatory Reports, Requests for information and Suspicious Activities Report (SAR) and reporting SAR to FIU
- Identifying excessive risk, Fraud and review of mis presentation in transactions
- Cleared the backlogs in time and performed Quality Analyst for alerts to support the backlogs
- Recognized by the head of compliance for the same
- Took Initiative to explain the case related to the team, where there is gap found in understanding
- Working as Quality Analyst for Escalations
- Where are approving the cases and requesting the approval from MLRO
- Performing Risk Based Investigation (RBI) mention on the customer's account
- Handling cases with multiple scenarios i.e
- Account Take Over (ATO) Adverse Media, Fraud
- Report, Mule etc
- Working on law enforcement request fraud reports, court orders received from the banking, crypto and other teams
- Performing AML/Sanctions framework (Adverse Media, PEP, KYC) and sanction screening done on accounts
- Familiar with AML regulatory guidelines
- End to End investigations is done on the accounts to prevent from Suspicious Activities
- Like
- Money Laundering & Account Take Over etc
- SAR (Suspicious Activity Report) filling in users account to their respective Authorities
- Utilization of cloud-based software to get further information like Jira
- Performing independent research via internal and external sources
- Analyzing the inputs provided by AML, KYC, TM, due diligence and take decision to reject or off board the customer based on risk and customer activity
- Analyze customer data to identify potential fraud patterns and trends
- Verifying and analyzing the Identification card, Legal Documents, Driving License, Residence Card
- Passport and many more documents provided by the customer
- If any kind of frauds and attempts of fraudulent activities then we escalate the customer data to the MLRO Team for further investigation
- Handling Operations to reverifying the group's customers, a set of risk-based reverification techniques
- Customer Due Diligence, Standard Due Diligence and Enhanced Due Diligence
- PEP and Sanctions Screening by working on Database Such as World Check, LexisNexis Risk
- Solutions, Dow Jones Risk & Compliance and KYC 360 and other tools provided by the
- Clients
- L2 investigator assessing transactions in-depth for potential sanction element which were escalated by Level 1
- Keep an eye on details, secondary data and evaluate information available to make judgement from data gathered as a part of investigation and prepare rationale which support the decision for the audit purpose
- Maintaining RFI (Right for the Information) with Relationship Manger, Sanctions
- Compliance Team Stakeholders and Operation Team as a part of BAU
- Responsible to execute and maintain training for the new staffs regarding the policies, procedures and processes
- Understanding the local, global laws and regulations and local payment process, practices of the world which are served by regulators
- Analyzing unusual transactions to detect Anti Money Laundering and Anti-Terrorist
- Financing with respect to the OFAC, EU, UN & sectorial sanctions
- Conducting quality check on completed KYC files as per established quality framework and meet
- Required Service Level Agreements
- Review policies and procedures, regulatory compliance training for compliance with applicable laws and regulations suspicious activity reporting and transaction monitoring/KYC/screening/ fraud regulations
- Establish feedback loop between analyst and QC
- Interpret evidence from multiple tools and systems to determine legitimacy of customer behavior across multiple products
- End to end understanding of KYC operations from documentary and non-documentary verification and as per relevant policy, nature of business, source of wealth / funds and customer screening against watchlist of sanctions, PEP and adverse media
- Ability to conduct and mentor resources to conduct detailed investigations using vendor and open sources to remediate compliance alerts
- Reviewing transactions to establish utilization and source of fund as per expected activities
- Excellent understanding of transaction monitoring/KYC/screening/fraud terminology
- Ownership of and contribution to various high priority projects, working with hands on approach to ensure successful completion
- Conducted regular reviews and updates of the PEP database to reflect changes in political positions, affiliations, and regulatory guidelines
- Assisted in the development and implementation of transaction monitoring systems and tools to detect suspicious activities
- Conducted internal audits and assessments to evaluate the effectiveness of compliance controls and procedures
- Provided guidance and support to business units on AML/KYC compliance matters and regulatory requirements
- Developed and maintained a comprehensive Politically Exposed Persons (PEP) database to ensure compliance with regulatory requirements
- Implemented processes for the identification, verification, and classification of PEPs based on established criteria and risk levels
- Oversaw AML/KYC compliance efforts, including due diligence processes and regulatory adherence
- Conducted comprehensive due diligence investigations on new and existing clients, implementing both CDD and EDD procedures
- Developed and implemented advanced Sanctions screening protocols utilizing cutting- edge screening technologies
- Analyzed adverse press media sources to identify potential risks and issues related to clients and transactions
- Managed watchlist screenings and investigated matches to identify potential PEPs and sanctioned individuals/entities
- Designed and delivered training sessions on AML/KYC regulations and compliance best practices to staff members
- Prepared and presented reports on PEP-related risks and compliance activities to senior management and regulatory authorities
- We manage Financial Case Compliance daily, including trade-based money laundering tasks assigned by clients in our queue
- Ensured accurate and timely completion of KYC in accordance with policy and procedures
- Responsible for reviewing documents to identify any money laundering or terrorist financing cautionary flags and rapidly dispositioning them along with escalating cases
- Working knowledge on various agreements and how to find relevant information from the agreements – Private Placement Memorandum, Limited Partnership etc
- Working on complex entity structures globally
- KYC Onboarding and Remediation (Full Review, Risk Assessment), Outreach to clients and
- Screening (Alert disposition on entitles and related parties) with a demonstrated track-record supporting international clients
- Transaction Monitoring: Diligently analyze financial transactions to detect suspicious activities and potential money laundering risks in compliance with AML / KYC regulations
- As a crucial member of the Financial Intelligence Unit (FIU) serving U.S
- Bank and Crypto Exchanger
- I meticulously scrutinize transactions, employing advanced analytics and monitoring tools to identify anomalies that may indicate illicit financial activities.
- Mentored junior team members, contributing to their professional growth and development.
- Established best practices for knowledge sharing, fostering a culture of continuous learning and improvement.
Senior Fraud Investigator
EXL Service
01.2021 - 01.2022
- Worked on Transactions Monitoring and EDD process as a part of Financial Crime Compliance for Square
- US Merchant Fraud (Banking and financial services)
- Monitoring Suspicious Transaction activity on real time basis
- Monitoring ongoing Customer's Account changes & Transaction Activity
- Understanding the flow through of funds with the help of internal records analytics and
- Opensource Information
- Worked on US and international Escalation alerted which were escalated due to involvement found in illicit activities
- Perform Enhance Due Diligence on high-risk customers and implementing CDD & SDD for low and medium risk customers
- End to end KYC, Due diligence, Screening for all individuals, entities and associated parties
- Produced in depth reports outlining findings and recommendations for improvement by updating the knowledge and understanding the major aspects of AML, EDD, Transactions
- Monitoring and other financial issues, Policy and Procedures
- Prepare Regulatory Reports, Requests for information and Suspicious Activities Report (SAR) and reporting SAR to FIU
- Identifying excessive risk, Fraud and review of mis presentation in transactions
- Cleared the backlogs in time and performed Quality Analyst for alerts to support the backlogs
- Recognized by the head of compliance for the same
- Took Initiative to explain the case related to the team, where there is gap found in understanding
- Performing Risk Based Investigation (RBI) mention on the customer's account
- Reviewing Investigating and reporting money laundering cases with National Crime Agency like
- NCA, MCB, FCA, Gardie (An Garda Siochana's FIUs Go-AML system) & FNTT Authorities
- Handling cases with multiple scenarios i.e
- Account Take Over (ATO), Authorized Push Payment (APP), Adverse Media, Fraud Report, Mule, Card-Not-Present (CNP) etc
- Working on law enforcement request fraud reports, court orders received from the banking, crypto and other teams
- Performing AML/Sanctions framework (Adverse Media, PEP, KYC) and sanction screening done on accounts
- Familiar with AML regulatory guidelines
- End to End investigations is done on the accounts to prevent from Suspicious Activities
- Like
- Money Laundering & Account Take Over etc
- Suspicious Activity Report) filling in users account to their respective Authorities
- Utilization of cloud-based software to get further information like Jira
- Performing independent research via internal and external sources
- Analyzing the inputs provided by AML, KYC, TM, due diligence and take decision to reject or off board the customer based on risk and customer activity
- We investigate and detect various types of account fraud & Monitor transactions for red flags and suspicious activities
- Conduct thorough account reviews and IP location checks with the help of Gondor and Radiation
- Application & Handle mobile cheque deposits and cheque fraud cases with the help of Client
- Based Application
- We understand and review Automated Clearing House (ACH) payments & Detect Account
- Takeover (ATO) and Identity Theft (ID Theft) incidents
- Transaction Monitoring: Diligently analyze financial transactions to detect suspicious activities and potential money laundering risks in compliance with AML / KYC regulations
- As a crucial member of the Financial Intelligence Unit (FIU) serving U.S
- Bank and Crypto Exchanger
- I meticulously scrutinize transactions, employing advanced analytics and monitoring tools to identify anomalies that may indicate illicit financial activities
- SAR Filling: Proficiently prepare and submit Suspicious Activity Reports (SARs) to relevant authorities, ensuring timely and accurate reporting of suspicious transactions
- Regulatory Compliance: Stay up-to-date with evolving AML/KYC laws and regulations to ensure adherence and implement best practices in transaction monitoring and reporting
- Risk Mitigation: Collaborate with cross-functional teams to mitigate financial crime risks, contributing to a robust and effective AML/KYC program that safeguards the organizations and its Stakeholders
- Performing Risk Based Investigation (RBI) mention on the customer's account
- Reviewing Investigating and reporting money laundering cases with National Crime Agency like
- NCA, MCB, FCA, Gardie (An Garda Siochana's FIUs Go-AML system) & FNTT Authorities
- Handling cases with multiple scenarios i.e
- Account Take Over (ATO), Authorized Push Payment (APP), Adverse Media, Fraud Report, Mule, Card-Not-Present (CNP) etc
- Working on law enforcement request fraud reports, court orders received from the banking, crypto and other teams
- Performing AML/Sanctions framework (Adverse Media, PEP, KYC) and sanction screening done on accounts
- Familiar with AML regulatory guidelines
- End to End investigations is done on the accounts to prevent from Suspicious Activities
- Like
- Money Laundering & Account Take Over etc
- Performing independent research via internal and external sources
- SAR (Suspicious Activity Report) filling in users account to their respective
- Authorities
- Utilization of cloud-based software to get further information like Jira
- Analyzing the inputs provided by AML, KYC, TM, due diligence and take decision to reject or off board the customer based on risk and customer activity
- Analyze customer data to identify potential fraud patterns and trends.
- Contributed significantly to annual budget planning by accurately forecasting potential fraud losses based on historical data analysis.
- Mentored junior investigators, providing guidance and support to enhance their professional growth and development within the organization.
Associate
Optum
06.2017 - 06.2020
- US Health Care, Fraud (Health Care services)
- Monitoring Suspicious Transaction activity on real time basis
- Monitoring ongoing Customer's Account changes & Transaction Activity
- We worked on these types of Lines of Business like Proactively driving an operational risk- aware culture across Life and Health
- Healthcare Providers
- Hospitals, clinics, pharmacies, and healthcare practitioners fall under this category
- They are subject to regulations by agencies such as the Food and Drug
- Administration (FDA) and the Centers for Medicare & Medicaid Services (CMS)
- Develop and maintain a comprehensive third-party risk management (TPRM) program in alignment with regulatory requirements and industry best practices
- Conduct due diligence assessments of potential third-party vendors and partners to evaluate their compliance with relevant laws and regulations
- Monitor and analyze third-party relationships to identify potential risks and compliance issues
- Collaborate with internal stakeholders to develop and implement risk mitigation strategies for third-party relationships
- Review and update policies and procedures related to third-party risk management to ensure compliance with changing regulatory requirements
- Provide guidance and training to employees on compliance requirements related to third-party relationships
- Conduct periodic audits and reviews of third-party relationships to assess compliance and identify areas for improvement
- Stay informed about changes in relevant laws and regulations impacting third-party risk management and recommend necessary adjustments to the program
- Serve as a subject matter expert on third-party risk management during internal and external audits and regulatory examinations
- Nature of Work: Anti-Bribery and Corruption, Anti-Money Laundering, Conflicts of Interest, Risk
- Management, Compliance Procedures, Possess strong analytical, Fraud, Due Diligence, and third- party management
- Skills: Communication, Knowledge of AML regulations, Attention to detail, Problem solving, Risk assessment, AML training, Continual learning in internal training platforms, Investigative skills
- Risk management, Compliance, Ability to work independently, AML Analyst, Detail-oriented, Due diligence, Help, Industry knowledge, Monitoring compliance, Anti-Money Laundering (AML) and
- Anti- Financial Crime (AFC) including Anti-Bribery and Corruption (ABC), Combating Terrorism
- Financing (CTF), Anti-Fraud ,Microsoft Office, BFSI (Banking, Financial Services, and Insurance)
- Policy development and implementation, Reporting suspicious transactions, Decision Making
- Regulatory Guidelines, Business Requirements, Operations, Customer Support, Problem Solving
- Mitigation Strategies, Service Level Agreements, Internal Audits, Written Communication
- Problem Solving, Cross Functional Team Leadership, Analyze Information, Process Excellence
- Critical Thinking ,Logical Reasoning, Proof Reading, Federal Law Enforcement, International
- Standards, Task Force , Problem Solving, Consultation, Analytical Skills, Task Force , Comply
- Advantage, Trulioo, Jumio, Reg-Tech solutions , Written Communication , Outreach Programs
- Customer Data, Analytical Skills , Enforcement Actions, Process Implementation, Critical Thinking , International Standards, Federal Law Enforcement, Global Policy, Quality Control , Skilled Multi- tasker, ,Team Motivation, Written Communication , Back Office Operation, Compliance
- Operations , Operations ,Risk Operations Training and Awareness
- Working with Intelenet Global Services Private Limited as a, We worked on AML, Fraud transactions Review, Transaction Monitoring, Screening, Transaction on payment Platforms (Payment Gateway, E-Gift Vouchers & E-Wallets)
- Nature of Work: - Due Diligence, Customer Due Diligence, End Due Diligence, Transaction
- Monitoring Client / Corporate Onboarding, KYC Risk Categorization, Client & Corporate
- Onboarding, Client / Monitoring, Compliance Procedures, Possess strong analytical, Decision
- Making, KYC Risk Categorization, End to End KYC, Fin-crime, Client / Customer Credit Risk
- Categorization, Anti Money Laundering Operations, Risk Management, Free Charge Digital
- Wallet, Fraud Investigation Credit Cards, Debit Card, Commercial Disputes ,Outreach Programs
- Vendor / Customer Data, Quicklier Gift Card Monitoring.
- Increased customer satisfaction by resolving complex issues and providing exceptional service at all times.
- Developed and implemented strategies to increase customer satisfaction and engagement.
Senior Associate
Intelenet Global Services
06.2016 - 06.2017
- We worked on AML, Fraud transactions Review, Fraud Investigation Credit Cards, Debit Card
- Commercial Disputes, Transaction Monitoring, Screening, Transaction on payment Platforms (Payment Gateway, E-Gift Vouchers & E-Wallets)
- Nature of Work: - Due Diligence, Risk Management, Compliance Management, extracting information about the subject pertaining to political exposure, KYC Risk Categorization
- Client & Corporate Onboarding, Compliance Procedures, Client Monitoring, Decision Making
- KYC Risk Categorization, Possess strong analytical, Fin-crime, Free Charge Digital Wallet, Client
- Credit Risk Categorization, Outreach Programs, Vendor / Customer Data, End to End KYC
- Sanctions, Fraud Investigation Credit Cards, Debit Card, Commercial Disputes and any other significant derogatory information.
- Streamlined operational efficiency by identifying areas for improvement and proposing actionable solutions.
- Effectively managed multiple competing priorities while maintaining focus on delivering exceptional results for clients and the organization.
Associate
Snapdeal, Jasper Infotech Pvt Ltd
04.2015 - 05.2016
- We worked on AML, Fraud transactions Review, Fraud Investigation Credit Cards, Debit Card
- Commercial Disputes, Transaction Monitoring, Screening, Transaction on payment Platforms (Payment Gateway, E-Gift Vouchers & E-Wallets)
- Nature of Work: - Due Diligence, Risk Management, Compliance Management, extracting information about the subject pertaining to political exposure, KYC Risk Categorization
- Client & Corporate Onboarding, Compliance Procedures, Client Monitoring, Decision Making
- KYC Risk Categorization, Possess strong analytical, Fin-crime, Free Charge Digital Wallet, Client
- Credit Risk Categorization, Outreach Programs, Vendor / Customer Data, End to End KYC
- Sanctions, Fraud Investigation Credit Cards, Debit Card, Commercial Disputes and any other significant derogatory information.
- Increased customer satisfaction by resolving complex issues and providing exceptional service at all times.
- Developed and implemented strategies to increase customer satisfaction and engagement.
Education
B. Com (P) -
Delhi University
01.2009
12Th -
C.B.S.E Board
01.2004
10Th -
C.B.S.E. Board
01.2000
Skills
- Ongoing monitoring
- Transaction monitoring
- Customer due diligence
- Risk assessment
- Reporting
- Communication skills
- Automated screening
- Training
- Detecting suspicious activity
- Transaction screening
- Adverse media monitoring
- SharePoint
- Tableau
- PEP screening
- Regulatory compliance
- Criminal investigation
- Enhanced due diligence
- Suspicious activity reporting
- Legal research
- Know your customer
- Sanctions screening
- Cross-border transactions
- Anti-money laundering
- Compliance training
- Internal controls
- Wire transfer analysis
- Currency transaction reports
- Compliance auditing
- FinCEN reporting
- AML regulations
- Financial investigation
- Regulatory reporting
- Teamwork and collaboration
- Problem-solving
- Time management
- Attention to detail
- Problem-solving abilities
- Multitasking Abilities
- Critical thinking
- Organizational skills
- Excellent communication
- Decision-making
- Team building
- Effective communication
- Active listening
- Team collaboration
- Self motivation
- Goal setting
- Analytical thinking
- Interpersonal skills
- Document processing
- Continuous improvement
- Adaptability
- Compliance management
- Written communication
- Fraud detection
- Financial management
- Investigation leadership
- Quarterly reviews
- Problem-solving aptitude
- Risk management
- Strategic planning
- Professionalism
- Client relations
- Task prioritization
- Relationship building
- Adaptability and flexibility
- Reliability
Languages
English
Hindi
Timeline
APM Compliance
Financial Services
11.2024 - Current
Subject Matter Expert
U.S. Bank & Crypto Exchanger
01.2022 - 10.2024
Senior Fraud Investigator
EXL Service
01.2021 - 01.2022
Associate
Optum
06.2017 - 06.2020
Senior Associate
Intelenet Global Services
06.2016 - 06.2017
Associate
Snapdeal, Jasper Infotech Pvt Ltd
04.2015 - 05.2016
12Th -
C.B.S.E Board
10Th -
C.B.S.E. Board
B. Com (P) -
Delhi University
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Personal Information
- Father's Name: Late Mr. Baldish Kaushik
- Date of Birth: 08/18/84
- Nationality: Indian
- Marital Status: Married
Hobbies and Interests
- Music
- Cricket
- Surfing
Disclaimer
I hereby declare that the information furnished above is true to the best of my knowledge.
Personal Information
- Father's Name: Late Mr. Baldish Kaushik
- Date of Birth: 08/18/84
- Nationality: Indian
- Marital Status: Married
Hobbies and Interests
- Music
- Cricket
- Surfing
Disclaimer
I hereby declare that the information furnished above is true to the best of my knowledge.
Personal Information
- Father's Name: Late Mr. Baldish Kaushik
- Date of Birth: 08/18/84
- Nationality: Indian
- Marital Status: Married
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