Harshmehar Singh Banga

Responsibilities:

· Drafting and preparation of Ground of suspicion (GOS) and details of investigation of trade-based money laundering and filling of suspicious transaction report (STR) with FIU-IND.

· To review alerts generated i.e., transaction monitoring of alerts generated by the various AML systems.

· Reviewing of trade transactions based and remittances (inward and outward remittance) based alerts in EBR (exception-based reporting) and finding suspicious cases with defined parameters.

· Reviewing and investigating transaction alerts for potential money laundering risks in the bank.

· Tracking and raising cases to branch level for further enhanced due diligence.

· Review of enhanced due diligence of branch and decision-making process if whether to report STR filling or close basis on branch investigation.

· Processing and preparing of Buff macro of the STR cases submitted to FIU-IND.

· Handling enquiry received from RBI, FIU-IND, SBI and other Regulators.

· Attending call of Branches regarding AML queries, Closure of Alerts in AML application etc. & guiding the branches in Handling of Alert queries, Guiding departmental staff regarding application function.

· High Amount Transaction Monitoring activity and examines suspicious Transactions.

· Monitoring AML alerts though AML applications and prepare Report for the same.