LAIJU V L
FCC Investigator
Bangalore
Summary
Results-driven Fincrime Professional with 6+ years in AML investigations, fraud detection, and regulatory compliance. Adept at risk-based analysis, SAR reporting, and strengthening internal controls to combat financial crime effectively.
Overview
7
7
years of professional experience
2
2
Certifications
3
3
Languages
Work History
FCC INVESTIGATOR
OnePay (US Fintech Partnering with Walmart Inc)
08.2024 - Current
- Detecting and reporting suspicious activity, including predicate offences related to money laundering and terrorist financing, to partnering banks.
- Scrutinize transaction history, check images, ACH and wire transfers, and online banking logins to assess risks or detect fraudulent activities.
- Performing thorough investigations, including internal cases and those reported by partner financial institutions, and developing action plans in compliance with company policies and procedures.
- Prepare in-depth Internal UAR reports on the findings with appropriate decisions and present to the partner banks to file SAR to the authority FINCEN.
- Identifying and documenting money laundering/ fraud patterns, as well as emerging threats, through continuous monitoring of high-risk accounts and transactional behavior.
- Evaluating Subpoena issued by law enforcement agencies/court and reviewing the customer accounts to identify any illicit/unusual activities.
- Raising RFI to customer via Zendesk Application for all the cases which warrant for additional information to substantiate the review to take disposition of the case
- Carry out adverse media screening using offshore leaks and Google searches to identify the background of the customer.
- Collaborating with fraud strategy and risk teams to review and refine fraud detection rules, enhancing monitoring effectiveness.
- Assist in training and awareness sessions for staff across the organization on fraud prevention techniques and emerging threats.
SENIOR OFFICER (US CORRESPONDENT BANKING)
Standard Chartered Bank(GBS)
02.2023 - 08.2024
- Perform transaction analysis to understand if any risk involved in the wire transfers pattern and trends in line with AML risk; document all finding with relevant evidencing records to substantiate case disposition. Work closely with Financial Crime Compliance unit to escalate the suspicious activity in the account/profile.
- Investigate Risk events and cases to identify unusual transactions and its pattern in line with AAA model [Assess, Analyse, and Act] to support AML/sanctions procedure.
- AML investigation includes review of correspondent client (KYCC) profile, business nature, financial capacity, banking channel, jurisdiction etc. against the transactions/cases generated by the case management system (ECM).
- Investigate the clients account, profile, and other details and articulate the same in the investigation report and recommend escalation /closing the case to the US In-country.
- Responsible for appropriate data collection from public domain, internal/external sources and examination of available data and accountable for documenting and reporting the investigation findings in the case preparation process.
- Raising RFI to Relationship Manager for all the cases which warrant for additional information to substantiate the review to take disposition of the case.
- Perform research in Accuity, LexisNexis and Watch lists to identify any derogatory information on the parties, entities and also to identify PEP's and PEP RCA (Relatives and Close Associates).
- Investigate in accordance with the procedure laid down in the Standard DOI and as per country specific requirement, where applicable.
- Timely completion of reviews and quality reviews and reporting, escalation of significant issues.
SENIOR FINCRIME ANALYST
Concentrix Daksh Services India Private Limited
11.2021 - 02.2023
- Detect and report suspicious activity including the predicate offences to money laundering and terrorist financing to the authorities (NCA and FNTT).
- Conducted a thorough investigation on user accounts based on triggered alerts and analyzed the mitigating factors with supporting documents.
- Prepare in-depth SAR reports on the findings with appropriate decision and present it to the destination authorities of the respective regions.
- Working on the alerts handled by TM/AML/KYC teams and checking the customer transaction history, if there are any fraudulent activities happening.
- Conducting thorough investigation on the basis of triggered alert in the customer account and analyzing why this alert got triggered and finding any mitigating factors on the basis of supporting documents.
- Performing AML process/Transaction monitoring/Case reviews, seeking to mitigate risks associated to financial crimes and suspicious activity.
- Ability to detect and mitigate red flags and high-risk activities for potential financial crime and fraud. Acting in accordance with the written policies, procedures, and relevant legislation.
OFFICER
Grampro Business Services (P) LTD (Subsidiary of ESAF Small Finance Bank)
07.2019 - 11.2021
- Monitoring high-value transactions in the user accounts. Providing KYC/CDD analysis of individual customers.
- Undertaking research, documents check, and financial crime risk assessment via internal and external sources and validating the various financial instruments and clearing them within the stipulated turnaround time.
- Detecting the fraudulent and suspicious activities in cheque clearing process by following Standard Operating Procedure (SOP).
- Verification of KYC documents and other related documents for (DVU) for the onboarding process of the customer.
- Conduct reviews of bank customers (individuals/entities), related parties (Beneficial owners, Board of directors, Authorized signers) and/or transactions to identify potential fraud, high risk, and other illicit activities.
- To ensure all the reconciliation processes are done on real time basis and the pending issues are properly carried forward with adequate escalation point, follow up and drive them to closure before the deadline.
- Monitoring and resolving the complaints from branches and customers within the stipulated period.
Education
Bachelor of Commerce - Computer Applications
Sree Sankara College
Kalady, Kerala05.2019
Skills
SAR / STR Narration
PEP/Sanctions Screening
Risk Based Investigation
Correspondent Banking
KYC (Know Your Customer)
Retail Banking Operations
Certification
Internationally Certified AML Master (I-CAMM)
Timeline
FCC INVESTIGATOR
OnePay (US Fintech Partnering with Walmart Inc)
08.2024 - Current
SENIOR OFFICER (US CORRESPONDENT BANKING)
Standard Chartered Bank(GBS)
02.2023 - 08.2024
SENIOR FINCRIME ANALYST
Concentrix Daksh Services India Private Limited
11.2021 - 02.2023
OFFICER
Grampro Business Services (P) LTD (Subsidiary of ESAF Small Finance Bank)
07.2019 - 11.2021
Bachelor of Commerce - Computer Applications
Sree Sankara College
Proficient tools
Arachnys, Lexis Nexis, MS Office Suite, Power BI, Databricks, ECM, World-Check,Zendesk