Financial Crimes and Financial Investigations, Second line of defense (2LOD)

Part of TerraPay's Group Compliance team (Second-line defence), combating Money Laundering, Terrorist financial and Fintech Frauds Key Areas:-Specialized in Global Onboarding process,Customer Due Diligence, KYC, Risk modelling and Structuring for clients.Working on Global Sphere.Performing Client Due Diligence with respect to the Terra Pay's Compliance Policies and FATF Standards.Assessing High Risk Client and performing Enhanced Due Diligence on them.End to End Risk Assessment (KYC)Expertise in Partner reviewing, performing KYC & Annual Regulatory checks.Performing EDD for B2B and High Risk Clients.Expertise in onboarding clients from Remittances and Payments industries.

Investigation on Trigger alert for each customer account. Understanding Customer details source of income activity pattern. Review on Customer transaction pattern in triggered account. Review the associate accounts where the funds are being received and being transferred. Investigation on the remaining activity to find any suspicion or involved in fraud. Performing external open search to understand any negative news on the main suspect. Performing KYC check to validate the original document being submitted. Off-boarding the client if he has been involved in the Terms and Condition breach. Reporting to regulatory National Crime Agency if any financial crime is being observed. Understanding the Customer transaction pattern in the account. Fast movement of money like – Top-up followed by external transfer or ATM withdrawal. Structuring of money just to avoid the threshold of the system. Creating alerts to do further Investigation for the transaction which are from the sanctioned country. Analysis of Customer day to day Financial Transaction to find Unusual Transaction. Suspicious Activity Report (SAR filing) Taking action on Customer accounts as per the Investigation findings. Reporting SAR to the Financial Investigation Unit (FIU) Performing EDD on Customers KYC and SOW information including the identification and investigation of a politically Exposed Person (PEP) Tools used : Open Search Engines like Google, LinkedIn, Facebook Government websites, Criminal database etc.

Worked for Precise Mortgages as an Underwriter, the process in which we get the Application named Decision in Principle and Standard Application from the broker or Solicitor we sense check the application form sent in the mail and update it in the software known as Lydian, in which all the details of the applicant are updated after which a Quote is being created in that Loan amount, the purchase price of the property, term of loan, Legal representation, Level of advice, Fees etc are updated in the Quote. After that we update the property details and Broker details. After which we have Underwriting Checks like Credit Safe, Land Registry, Equifax, FCA, Network Club and Packager Checks. Worked for the additional process called Valuation.

I was working for Eagle Pro in this process we get the documents from the clientthrough the software known as "Fast application" we sense check the requireddocuments from the customers, we verify the document and update it in thecompany application and generate a link and send the link to the clients. In this wehad Email handling and standard up calls with clients.Collecting and verifying the documents of new onboarding clients (Individuals andentities)Good knowledge of screening rules: PEP, and Sanctions.Good knowledge of screening tools: Companies internal software and LexisNexis.Responsibility to perform Periodic reviews on the basis of Low, Medium, and HighRisk.Escalate the suspicious cases to the Compliance team for further investigation.Good knowledge in sanction screening, Know Your Customer (KYC), documentverification.