Abhijith Mg

Background

About Abhijith Mg

Compliance Analyst| Al Ansari ExchangeAs a Compliance Analyst at Al Ansari Exchange, I contribute to strengthening the company’s compliance framework by ensuring adherence to local and international regulatory standards, particularly in the areas of sanctions compliance, Transaction Monitoring,anti-money laundering (AML), and counter-terrorism financing (CTF).Key Responsibilities: Name Screening (Customer & Transaction-Level) •Screening all customers (individuals and entities) against: •Sanctions lists (OFAC, UN, EU, UK, UAE Local List) • PEP (Politically Exposed Persons) lists • Adverse media • Screening happens during: • Onboarding (KYC stage) • Ongoing transactions (real-time screening) Transaction Screening • All cross-border and high-risk transactions are screened in real-time. • Automated tools flag transactions if they involve sanctioned countries, entities, or individuals. • Payment messages (e.g, SWIFT) are scanned for keywords, country names, embargoed entities, etc. Escalation & Investigation • Any potential “hits” are escalated to the Compliance/MLRO Team. • Compliance reviews matches to determine: • False positive – close and allow transaction • True positive – escalate, block, and report • Reporting to UAE Central Bank / FIU (Financial Intelligence Unit) if required.Conducting real-time and post-transaction monitoring to detect unusual or suspicious activity, ensuring timely escalation and investigation.Performing Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) during onboarding and ongoing customer relationship reviews, based on risk levels.Screening transactions, customers, and counterparties against global sanctions and watch lists (OFAC, UN, EU, etc.).Investigating alerts and potential sanctions matches using internal systems and external databases, and escalating confirmed cases as required.Supporting the preparation and submission of regulatory reports (STRs, CTRs) to the UAE Central Bank and other regulatory bodies.Collaborating with compliance, legal, and operational teams to implement robust internal controls and mitigate financial crime risks.Staying updated on global and regional regulatory changes and integrating them into internal policies and procedures.Assisting in compliance audits and regulatory inspections, ensuring timely and accurate documentation of compliance-related activities.Delivering training and awareness sessions to staff on sanctions compliance, AML/CFT policies, and regulatory expectations