Asher Khokhar Email & Phone Number

Torono

• Facilitated compliance investigations focused on high-risk clients, including Politically Exposed Persons (PEPs) and international leaders, ensuring adherence to Canadian (FINTRAC) and U.S. regulatory frameworks.• Designed and implemented advanced risk assessment protocols, reducing compliance breaches by 25% through enhanced analysis and oversight of transactions exceeding $100K.• Spearheaded a FINTRAC remediation project that restructured AML processes, aligned them with updated… Show more • Facilitated compliance investigations focused on high-risk clients, including Politically Exposed Persons (PEPs) and international leaders, ensuring adherence to Canadian (FINTRAC) and U.S. regulatory frameworks.• Designed and implemented advanced risk assessment protocols, reducing compliance breaches by 25% through enhanced analysis and oversight of transactions exceeding $100K.• Spearheaded a FINTRAC remediation project that restructured AML processes, aligned them with updated regulations, and cut the backlog by 40% via streamlined workflows and improved data analytics.• Leveraged AML platforms like Actimize and Mantas to increase detection accuracy by 30%, significantly reducing false positives and improving case investigation efficiency.• Presented comprehensive transaction summaries to senior management, supporting strategic decision-making and enhancing overall compliance operations.• Partnered with IT and data analytics teams to introduce new technology solutions, boosting compliance monitoring accuracy and earning commendation for leadership in cross-functional collaboration. Show less

Casino Woodbine

• Reviewed over 800 Money Transfer Ledgers (MTLs) daily, with a total value exceeding $4 million, ensuring stringent compliance with AML and financial reporting standards in both Canada and the U.S.• Contributed to the implementation of rigorous audit procedures, enhancing the detection and reporting of suspicious activities, which improved adherence to regulatory requirements and reduced potential legal liabilities.• Assisted in preparing and filing Suspicious Activity Reports (SARs)… Show more • Reviewed over 800 Money Transfer Ledgers (MTLs) daily, with a total value exceeding $4 million, ensuring stringent compliance with AML and financial reporting standards in both Canada and the U.S.• Contributed to the implementation of rigorous audit procedures, enhancing the detection and reporting of suspicious activities, which improved adherence to regulatory requirements and reduced potential legal liabilities.• Assisted in preparing and filing Suspicious Activity Reports (SARs) and other regulatory documents, ensuring timely and accurate compliance with FINTRAC guidelines and supporting a robust legal compliance framework.• Supported initiatives to optimize AML monitoring systems, resulting in a 20% increase in operational efficiency and reduced error rates in transaction monitoring and reporting.• Developed and delivered training programs for audit and finance teams, focusing on AML procedures, regulatory changes, and best practices in financial reporting, significantly boosting team proficiency and compliance awareness.• Collaborated with finance, security, and operations departments to align audit processes and enhance inter-departmental cooperation, ensuring comprehensive coverage and consistency in compliance practices.• Introduced new audit techniques and tools, improving the precision of financial audits and earning recognition from senior management for contributions to innovation and excellence in compliance operations. Show less

Casino Woodbine

• Optimized compliance checks and balances for over 800 daily MTLs, each valued at over $4 million, ensuring adherence to evolving international regulatory standards with a focus on compliance enhancements.• Applied advanced analytical techniques to improve the accuracy and efficiency of internal audits, reducing operational risks and enhancing the detection of compliance discrepancies.• Contributed to a cross-departmental initiative to overhaul the SAR filing system, aligning… Show more • Optimized compliance checks and balances for over 800 daily MTLs, each valued at over $4 million, ensuring adherence to evolving international regulatory standards with a focus on compliance enhancements.• Applied advanced analytical techniques to improve the accuracy and efficiency of internal audits, reducing operational risks and enhancing the detection of compliance discrepancies.• Contributed to a cross-departmental initiative to overhaul the SAR filing system, aligning procedures with newer U.S. regulatory demands and supporting the implementation of updated compliance strategies.• Developed targeted training modules tailored to U.S. and international AML regulation changes, enhancing the organization's ability to respond to regulatory shifts and improving overall compliance proficiency.• Provided strategic recommendations as a compliance advisor, influencing management’s approach to meeting international compliance standards, particularly those involving U.S. financial practices.• Enhanced audit and compliance processes to ensure quicker response times, resulting in a 20% reduction in average resolution time, demonstrating a proactive approach to process improvement. Show less

Mississauga, Ontario

• Prepared and analyzed monthly financial statements, ensuring accuracy in reporting and supporting schedules as part of the monthly close process.• Reviewed journal entries of junior accountants, enhancing the accuracy and professionalism of financial records.• Conducted monthly variance analysis and presented financial insights to management, supporting data-driven decision-making.• Assisted in the preparation of quarterly forecasts and supported the annual external audit… Show more • Prepared and analyzed monthly financial statements, ensuring accuracy in reporting and supporting schedules as part of the monthly close process.• Reviewed journal entries of junior accountants, enhancing the accuracy and professionalism of financial records.• Conducted monthly variance analysis and presented financial insights to management, supporting data-driven decision-making.• Assisted in the preparation of quarterly forecasts and supported the annual external audit, ensuring adherence to company protocols and regulatory standards.• Reconciled accounts and evaluated revenues, commissions, and expenses to ensure proper recording and compliance with company guidelines.• Contributed to the timely submission of relevant taxes and duties, while assisting in special projects to drive continuous improvement in accounting processes. Show less

Mississauga, Ontario

• Performed full cycle accounting functions, including accounts receivable/payable, month-end closing, and expense report approvals.• Prepared monthly financial reports and analysis, including “Budget vs. Actual” variance reports, and assisted with follow-up on significant variances.• Conducted account analysis and reconciliation of balance sheet accounts, ensuring accuracy and compliance with financial regulations.• Supported annual external audits by preparing assigned schedules… Show more • Performed full cycle accounting functions, including accounts receivable/payable, month-end closing, and expense report approvals.• Prepared monthly financial reports and analysis, including “Budget vs. Actual” variance reports, and assisted with follow-up on significant variances.• Conducted account analysis and reconciliation of balance sheet accounts, ensuring accuracy and compliance with financial regulations.• Supported annual external audits by preparing assigned schedules and resolving audit-related issues, contributing to the timely completion of audits.• Collaborated with banks to resolve discrepancies, such as check differences and fee anomalies, and optimized online banking services.• Documented policies, procedures, and workflows to enhance organizational efficiency and ensure adherence to internal protocols. Show less

Mississauga, Ontario

• Processed bi-weekly payroll using the ADP system, including collecting and verifying employee hours, resolving discrepancies, and posting payroll to AS400.• Managed accounts receivable, including daily cash application, A/R adjustments, and credit holds, to improve cash flow and optimize financial operations.• Handled accounts payable, ensuring optimal cash flow by preparing and reviewing weekly check requisitions and releasing payments.• Prepared and posted monthly expense… Show more • Processed bi-weekly payroll using the ADP system, including collecting and verifying employee hours, resolving discrepancies, and posting payroll to AS400.• Managed accounts receivable, including daily cash application, A/R adjustments, and credit holds, to improve cash flow and optimize financial operations.• Handled accounts payable, ensuring optimal cash flow by preparing and reviewing weekly check requisitions and releasing payments.• Prepared and posted monthly expense accruals, depreciation, and payroll journal entries, while reconciling all general ledger accounts.• Conducted variance analysis by comparing monthly expenses and sales against budget and forecast, providing insights for financial planning.• Assisted the finance manager with budgeting and forecasting, contributing to accurate financial planning and decision-making. Show less

• Managed full cycle bookkeeping for self-employed individuals and small businesses, ensuring accurate financial records and compliance with accounting standards.• Prepared and filed corporate and personal income taxes, ensuring accuracy and compliance with Canadian tax regulations.• Prepared and submitted GST, PST, and other tax liabilities, ensuring timely filing and adherence to regulatory deadlines.• Provided clients with financial insights and recommendations based on tax… Show more • Managed full cycle bookkeeping for self-employed individuals and small businesses, ensuring accurate financial records and compliance with accounting standards.• Prepared and filed corporate and personal income taxes, ensuring accuracy and compliance with Canadian tax regulations.• Prepared and submitted GST, PST, and other tax liabilities, ensuring timely filing and adherence to regulatory deadlines.• Provided clients with financial insights and recommendations based on tax liabilities and financial statements, helping them optimize their financial strategies.• Assisted in maintaining accurate records for clients, ensuring thorough documentation and organized financial data for audits and tax purposes.• Collaborated with clients to resolve any discrepancies in tax filings or bookkeeping, improving their financial accuracy and compliance. Show less

Master Of Business Administration (Mba), Management Information Systems, General

Masters in Business Administration

Bachelor Of Commerce (B.Com.), Accounting

Bachelors in Commerce