Bijay Shaw

Background

About Bijay Shaw

Investigate and assess alerts for potential money laundering risks in the Bank maintaining KYC records by collecting and verifying of confidencial client data from sales team external and internal source. Ensure efficient identification and monitoring of suspicious activities and transactions. Maintain the understanding of firm's KYC requirements when completing documention inclusive of Customer Identification Program (CIP), Customer Due Diligence (CDD), Enhance Due Diligence (EDD). Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends. Ensuring the bank performs the financial transactions and maintains the required documents and records in the manner as required by the law. Analysing extensive accounting statements to detect any patterns or trends that present illegal activities or frauds. Investigated accounting documents of all departments and ensured compliance of each transaction with the set legal and ethical standards Enhanced Due Diligence was performed on entities via Lexis-Nexis, Google, World Check and RDC. Determined whether the activity seemed legitimate or not by applying various AML regulations including the USA PATRIOT ACT, the Bank Secrecy Act and OFAC. Identified accounts for high risk or negative information using World-Check and OFAC. Monitoring "Know Your Customer", OFAC, cross-border wire transfers and currency activity, etc. Responsible for preparing Suspicious Activity Reports (SARs). Providing effective training and refreshers of the various modules as per the training plan to new joiners. Measure and improve quality of the process by implementing Process Improvement Plans on a periodic basis. Handle queries and escalations for the team members.