Ashfaq

About Ashfaq

Dedicated and detail-oriented AML/KYC Transaction Monitoring Analyst with over 9 years of experience in the financial services industry. Skilled in identifying suspicious activities, conducting thorough investigations, and ensuring compliance with regulatory requirements. Proficient in utilizing advanced analytics tools and maintaining high ethical standards to prevent financial crimes. Adept at collaborating with cross-functional teams to develop and implement effective transaction monitoring strategies. Committed to continuous learning and staying updated with industry best practices to enhance the efficiency and effectiveness of AML and KYC processes.

Experience

1. Transaction Monitoring Specialist in Aml and Kyc

   Cognizant

   Nov 2015 — Present · Hyderabad, IN

   KYC CUSTOMER ONBORDING :Performing KYC checks for periodic review and New Client adoptions, ensuring banks KYC and classification procedures are made in strict accordance with the regulatory requirements and banks internal policies. Verifying and validating customer’s identity, profile & line of business and identify relevant adverse information and performing risk assessment for potential money laundering and / or terrorist financing to support actionable decisions to mitigate against financial,regulatory and reputation risk.CUSTOMER DUE DILIGENCE : Conducting CDD on PEP clients, High risk clients and obtaining information of the clients from Relationship Managers for remediation. Obtaining documentary evidences for suspicious transactions and approving the same. Periodic review of KYC documents and conduct CDD reviews on a regular basis. Adhering to OFAC Sanctions CFT (Combating Financing the Terrorism) and other compliance. SANCTION SCREENING : Sanction screening, to handle all the activities performed in transactions and stop the unusual activities. Investigating about unusual activities found and decide whether to cancel the payment or release. Ensuring compliance with all AML laws, Sanction laws, regulations, guidelines, written procedures, OFAC, CIP, KYC, customer/Sanctions Screening.TRANSACTION MONITORING ANALYST : Review Transactions: Conduct daily reviews of customer transactions to identify suspicious activities and ensure compliance with AML regulations.Analyze Alerts: Investigate and analyze alerts generated by the transaction monitoring system to determine if further action is needed.Data Collection: Collect and review additional documentation from customers or internal departments to support investigations.Pattern Analysis: Identify patterns and trends in customer transactions to detect potential money laundering activities.Reporting: Generate daily, weekly, and monthly reports summarizing transaction monitoring activities and findings.

Education

• Osmania University

  Master of Business Administration - MBA

  2014 — 2016