Pogula Akshitha

Senior Due Diligence Consultant @Wells Fargo

Hyderabad, IN

Reviewing new client information and documentation to ensure compliance with Anti-Money Laundering (AML) regulations and Know Your Customer (KYC) standards.Performing due diligence on customers to identify risks associated with money laundering, terrorist financing, or other financial crimes.Updating and maintaining customer identification records and KYC documentation in the institution\'s database.Conducting enhanced due diligence (EDD) for high-risk customers, including politically exposed persons (PEPs), and maintaining detailed records of the EDD process.Collaborating with compliance and legal departments to assess and mitigate potential risks identified during the KYC process.Monitoring transactions and customer behavior for suspicious activity and escalating any potential red flags to the appropriate compliance unit.Responding to requests for information from law enforcement and regulatory bodies in a timely and accurate manner.Providing training and guidance to other staff members on KYC policies and procedures to ensure firm-wide compliance.Regularly reviewing and interpreting new regulations related to AML and KYC to ensure the institution\'s processes remain compliant.Assisting with internal and external audits by providing necessary documentation and explanations regarding KYC processes and customer information.Communicating with customers to obtain additional information or clarification on their business relationships, ownership structures, and source of funds.Participating in the development and refinement of KYC-related tools, systems, and methodologies to improve the efficiency and effectiveness of the KYC process.

Villa Marie Degree College for Women

Master of Business Administration - MBA