Atul Kumar

• Conducted in-depth reviews of high-risk customers and entities in accordance with regulatory requirements.
• Performed thorough background checks using public records, sanctions lists, adverse media screening, and internal systems.
• Assessed source of wealth and source of funds documentation for individuals and businesses to identify potential financial crime risks.
• Drafted and maintained detailed EDD reports with risk-based recommendations and clear rationale for customer onboarding or continuation.
• Worked closely with Compliance, Legal, and Relationship Managers to escalate and resolve complex EDD cases.
• Monitored ongoing customer behavior and flagged unusual transactions for further investigation.
• Ensured timely completion of periodic reviews and remediation of legacy EDD files.
• Verified complex ownership structures, including ultimate beneficial ownership (UBO), using corporate documents, registries, and shareholder data.
• Reviewed and validated incorporation documents such as COI, MOA/AOA, Board Resolutions, and audited financials to assess legitimacy.
• Conducted adverse media screening, PEP checks, and sanctions screening using tools like WorldCheck, Equifax, or internal databases.
• Analyzed source of funds and source of wealth for businesses through transactional reviews and financial statements.
• Assessed industry risks, geographic risks, and client profiles to assign appropriate risk ratings.

Assess, Analyze and Act on transactions from automated and manual Transaction filtering processes.

• Manage a queue of alerts and cases ensuring timely follow-up of requests and adherence to escalation procedures

• Perform analysis and duties as requested, ensuring all alerts are actioned appropriately within agreed procedure standards.

• Work in a variety of roles ranging from transactional risk detection, monitoring, and watch listing accounts for potentially suspicious activity to high-risk financial crimes investigations.

• Conduct targeted account reviews on high-risk correspondent customers and analyze from a holistic view of customers in terms of transactions and escalate potential issues.

• Review and analyze AML trends to identify high-risk areas, counter-parties, or keywords to incorporate into monitoring filters, rules, or profiles.

• Worked on a large KYC remediation project of Global Banking client covering western European jurisdiction. Key activities performed include the following:
• Conducted periodic review in line with the client policies to fulfil all KYC and AML requirements by sourcing documents from Business Internal Sources (BIS) and external sources.
• Maintaining high standards of quality in performing AML and KYC due diligence.
• Understanding the client policy and procedures and its application on engagement Delivery.
• Understanding information documentation requirements for corporate structure in KYC context/evidence requirements.
• Manage caseload throughout end to end CDD process. Source data from a several sources/system and accurately transfer to primary system.
• Identified accurate risk rating for individual or non-individual accounts to highlight high-risk jurisdictions, cash intensive or high risk.
• Researched and analyzed geopolitical and regulatory movements by monitoring, mapping, and writing.
• Structured intelligence and Enhanced Due Diligence (EDD) reports under the UK Data Protection Act, UK.
• Reviewed and Analyzed Transaction belong to same geographical territory and international territory for for all the individuals/Entities against relevant tools to identify transaction suspicion.
• Worked on investigating the fraudulent or suspicious transactions.
• Worked on reporting the fraudulent activities and filling the IMLSR (Internal money laundering suspicious report) against the individual.
• Researched on EDD, AML, PEP and KYC due diligence clients on boarding processes.
• Researched on risks related to Banks, Corporate companies and various entities like sole trader, partnerships, club & societies, etc