DEEPANSHU KUMAR

• Currently working in the Sanctions team, with a focus on Quality Control, performing audits of sanction alerts, ensuring adherence to internal policies and regulatory expectations, and maintaining high accuracy in case reviews.
• Actively participated in identifying process gaps, raising red flags, and recommending solutions to strengthen the process.
• Skilled in conducting customer and enhanced due diligence (CDD/EDD) for both individuals and corporates, using OSINT tools, document verification, and risk-based assessments.
• Skilled in identifying and flagging potential compliance risks by cross-referencing customer data, transactions, and entities against sanctioned lists maintained by government agencies like OFAC (Office of Foreign Assets Control), utilizing specialized screening tools to ensure adherence to anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.
• Proficient in using tools such as LexisNexis Bridger, LexisNexis World Compliance, Fullserve, Fircosoft, QMS, and HQMS management tool.

Screening Activities:

• Performing daily screening of customer data, transactions, and counterparties against global sanction lists, using dedicated screening software.
• Identifying potential matches, and conducting thorough due diligence to assess risk level.
• Analyzing complex cases involving aliases, variations in names, and structured transactions.
• Reporting suspicious activity to relevant compliance teams for further investigation.
• To perform all steps of payment screening, such as:

Step 1: Customer authentication and data verification.

Step 2: Risk-based customer due diligence.

Step 3: Sanctions, watchlist, and PEP screening.

Step 4: Escalation

Step 5: Reporting

• Responsible for the live monitoring of payments and messages via the bank's OFAC filtering system to ensure all transactions are in compliance with OFAC regulations and AML policies.
• Perform daily testing of payments, messages, and OFAC stripping reviews.
• Perform screening of customer lists against OFAC SDNs, and prepare reports as needed.
• Stay abreast of new laws and regulations that involve Global Sanctions Compliance.

Compliance Expertise:

• Staying updated on evolving sanctions regulations and guidelines from OFAC, EU, UN, and other relevant authorities.
• Understanding and applying AML/CTF compliance procedures to mitigate financial crime risks.

Technical Skills:

• Proficiency in using specialized sanction screening platforms (e.g., FIS, LexisNexis, and Thomson Reuters).
• Proficiency in using specialized payment screening platforms (e.g., WorldCheck, Fullserve, Fircosoft).

• Analyzed transaction data to identify patterns of fraudulent activity.
• Reviewed and investigated suspicious claims for potential fraud indicators.
• Reviewed alerts stemming from fraud monitoring systems.
• Experience in handling credit card frauds, such as card-not-present fraud (CNP), credit card application fraud, account takeover, credit card skimming, and lost or stolen cards.
• Experience in handling ACH fraud.
• Experience in handling cheque fraud, such as counterfeit cheques, forgery, and altered cheques.
• Complete understanding of policy and procedures, and familiarity with fraud investigation and case management tools.
• Prepared detailed reports on fraud trends for management review.
• Assessed customer and client data to detect potential fraud risks.
• Reviewed customer profiles for any changes that may indicate fraudulent activities.
• Investigated cases of suspected fraudulent activities, including tracing money trails and analyzing documents.
• Documented all investigative findings in a clear, concise manner for senior management review.
• Conducted reviews of flagged transactions and reports that showed potential suspicious activity.
• Tracked chargeback activity to identify best practices for determining fraud.
• Utilized specialized software tools designed for detecting patterns associated with fraudulent activity.