PALAK JAISWAL

• Performing compliance review in the alerts (L1 phase), transaction monitoring analysis and performing enhanced due diligence review whenever required (RFI: request for information) for both individual and corporate clients.
• Performed as KYC screening for Corporate and individuals.
• Worked on various agent cards (various suspicious transactions patterns) 'TITO' (transfer in and transfer out), 'CITO'(Cash in and transfer out), structuring (both deposit and withdrawals), international transactions (ACHS, wires, POS, ATM withdrawals), virtual currency (like from/towards Coinbase, gemini trust company, binance etc), TICO (transfer in and cash out).
• Responsible for further escalating the account to FIU (financial intelligence unit) for further review due to suspicious activity which include strong structuring events, rapid movement of funds, inappropriate RFI responses, no response on RFI's.
• Monitored and alert bank accounts for suspicious activity to detect possible money laundering, terrorist financing, structured cash deposits/withdrawals and unusual patterns of questionable account activity.

• Experience in working at L1A as production analyst, SME (Subject Matter Expertise) and Quality checker.
• Monitored and analyzed alerts triggered for various typology ATO, Scam, SFI, Chargebacks, Business activities, and Game Of Chance.
• Sanction Screening: Responsible for analyzing alerts against customers who match with OFAC, World- Check, Sanction, Non-Sanction and Negative Media list during the account maintenance processes.
• Reviewed for all High-risk entity types as per policy regulations, Suspicious transaction Monitoring Alert fulfilling end to end Closure. Interpreted evidence from multiple tools and systems to resolve the alerts.
• Transaction Monitoring (L0, L1A): Responsible for detailed investigation of payments to identify potentially suspicious activities indicative of money laundering, terror financing or other illegal activities.
• Prepare narratives that summarize results of reviews to support decisions regarding analyzed activities.
• Alerts which are potential indicators of money laundering or illegal activities will be documented and escalated to next level (L1A) for detailed investigation.
• Appeals: Responsible for assisting Payment users with their general questions and needs, or passing them to the team that can best assist with their issue.

• Ensured loan submittals met internal and external eligibility requirements.

• Reviewing KYC documents, credit score and transaction details to check whether customer is liable to pay loan.

• Evaluate the financial strength of borrowers to determine risk and repayment capacity.

• Demonstrated excellent follow through with borrowers, loan processors, loan originators and management throughout all phases of the underwriting process.

• • Worked under a project on Domestic Financing of projects at Power Grid and A Study on Commercial Paper.