Compliance Officer

Job Description

<p>Assume the tasks to comply implement and maintain with the anti-money laundering laws on Anti Money Laundering and combating the financing of terrorism in the organization.</p><p><br></p><p><strong>Responsibilities</strong></p><p>·&nbsp;Detect transactions in Financial Crimes</p><p>·&nbsp;Review and evaluate data of suspicious accounts that might be concealing money laundering. The Officer can report the data to the Financial Intelligence Unit depending on the case. The transaction might be continued, and they need to state the reasons for their research. They need to collaborate with the supervisory authority and FIU to provide all the relevant data.&nbsp;</p><p>·&nbsp;&nbsp;Reviews the internal rules and processes to prevent financial crimes also need to update the relevant authorities and comply with the latest rules and regulations.</p><p>·&nbsp;&nbsp;Submit the reports on the rules to the concerned authority.&nbsp;</p><p>·&nbsp;&nbsp;Conduct AML training for the employees and make them aware of the AML rules and regulations and train them on the best industry practices. Training is imparted to employees to understand money laundering methods and implement the right processes to prevent money laundering and financial terrorism.</p><p>·&nbsp;&nbsp;Ensure that Legal entity complies with the Government’s AML rules and regulations under different laws. </p><p>·&nbsp;&nbsp;Report the suspicious accounts to the FIU- Financial Intelligence Unit.</p><p>·&nbsp;&nbsp;Create the right internal policies and rules that businesses should follow to make a strict compliance program to avoid penalties.&nbsp;</p><p>·&nbsp;Evaluate and review the existing internal rules and regulations and ensure that the business implements the policies successfully. </p><p>·&nbsp;Research the AML laws that the company needs to follow and update the AML compliance program to make the business AML compliant.&nbsp;</p><p>·&nbsp;Enforce due diligence programs to identify the suspicious account holders and transactions and report them to the relevant authority. In this way, you will be able to prevent any money laundering activity and make an educated decision regarding association with only legitimate entities.&nbsp;</p><p>·&nbsp;Report any suspicious transactions immediately if it’s found that there’s a reasonable ground to believe that the transactions are related to crime. The officer will create STR- Suspicious Transaction Reports and submit them to the Financial Intelligence Unit.&nbsp;</p><p><br></p><p><strong>Qualifications</strong></p><ul><li><span>Bachelors Degree</span></li><li>CAMS certified is a must</li><li>Attention to detail</li><li>Analytical mindset</li></ul>