AML (Anti Money Laundering)

Responsibilities:

• Assisting with the development, implementation, and maintenance of an anti money laundering program within their institution.
• Ensuring compliance with current AML regulations, and other relevant legislation (e.g the USA Patriot Act).
• Developing and maintaining a risk assessment framework for products and services, clients and customers, and other issues relating to money laundering.
• Keeping and maintaining records of high risk customers, and reporting suspicious activities to the authorities.
• Arranging and implementing inspections and audits from third-party organizations, and making compliance recommendations based on their findings.
• Briefing and reporting to senior management on matters relating to internal AML compliance policies and procedures.
• Overseeing and implementing an ongoing AML training program for other employees.