Karimulla Sheik

Background

About Karimulla Sheik

I'm Karimulla having more than 10 years of experience in the banking industry and has been actively involved in different positions during my tenure. I worked with IndusInd Bank and ICICI Bank in the past and played an important role in managing AML/CFT operations. I have managed transactions monitoring alerts for both retail and corporate customer segments. I also had a good experience in transaction data analysis and due diligence, sanction screening, and enhanced due diligence on notified cases. During the time at ICICI Bank, I also played an important role in managing trade-based money laundering programs and other related activities. I conducts transactional analysis for alerted customer accounts on its daily operational activity, prepares suspicious transactions report, scrub customer information into negative or sanction database, and reviews Politically Exposed Persons (PEP) or High Risk Customer Category accounts. I also helps Principal Officer / AML supervisor in understanding the case details, so that suspicious transactions report shall be furnished to intelligence unit. Apart from Bank’s internal review mechanism, I actively engaged in attending the notices received from external government agencies, which require investigations. I also has good experience in understanding International and Domestic remittances and payments, which helps to connect the same to work related to AML/CFT. I'm currently continues my experience gained from past organizations in AML / CFT activities at Jio Payments Bank and manages daily AML operations such as screening of customers details against negative database, handling transaction monitoring alerts & performing due diligence, link analysis, periodic reviews of High risk accounts, attending AML / CFT related notices received from government agencies and sharing the inputs with supervisor for continuous in AML programs.