Karan Soni
Financial Crimes - Associate Analyst i @AML RightSource
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WORK HISTORY
Financial Crimes - Associate Analyst i @AML RightSource
Mississauga, ON, CA
Conduct Transaction Monitoring and Investigations:Analyze customer transactions flagged for suspicious activity using AML monitoring tools, applying appropriate risk-based investigation techniques.2. Perform Due Diligence Reviews:Execute Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews on high-risk customers, ensuring compliance with regulatory requirements and internal policies.3. Prepare Suspicious Transaction Reports (STRs):Draft well-written, accurate, and timely SARs in compliance with BSA/AML regulatory standards and internal quality benchmarks.4. Identify and Escalate Red Flags:Detect patterns and anomalies in customer behavior that may indicate money laundering or other financial crimes, and escalate cases appropriately to senior compliance personnel.5. Maintain Accurate and Complete Documentation:Ensure all case files are thoroughly documented, supporting a clear audit trail for regulatory review or internal quality assurance.6. Collaborate with Internal Teams and Clients:Coordinate with QA teams, team leads, and client contacts to clarify cases, receive feedback, and support continuous process improvement.7. Stay Current with Regulatory Changes:Keep up to date with emerging AML trends, typologies, and changes in laws/regulations (e.g, FinCEN, OFAC, FATF) that impact AML practices.8. Meet Production and Quality Targets:Consistently achieve or exceed targets related to case volume, turnaround time, and quality assurance ratings.9. Adhere to Confidentiality and Data Privacy Standards:Handle sensitive customer information with the highest level of confidentiality and in accordance with company and regulatory standards.10. Participate in Training and Development:Engage in ongoing training programs to strengthen AML knowledge and investigative skills.
EDUCATION
University of Mumbai
Bachelor of Commerce - BCom, Accounting and Finance
Georgian College
Global Business Management, Business and Personal/Financial Services Marketing Operations
ABOUT KARAN SONI
As an Associate Analyst I at AML RightSource, I specialize in identifying and mitigating financial crime risks through detailed transaction monitoring, customer due diligence (CDD/EDD), and the preparation of Suspicious Transaction Reports (STRs). With a strong foundation in BSA/AML regulations and industry best practices, I work to ensure compliance while protecting financial institutions from money laundering, fraud, and related threats.I bring a sharp eye for detail, a commitment to regulatory integrity, and a collaborative mindset. Whether working independently or as part of a team, I strive to deliver accurate, timely, and well-documented investigations that meet both internal standards and client expectations.I’m passionate about continuous learning, staying informed about evolving AML trends and typologies, and making a meaningful impact in the fight against financial crime.
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