Prakash
Bengaluru
Summary
Experienced AML/KYC Regulatory Compliance Associate with demonstrated expertise in conducting risk-based investigations, and preparing and filing Suspicious Activity Reports (SARs). Proficient in utilizing industry-standard tools such as World-Check and LexisNexis to support customer risk assessment, sanctions, PEP, and adverse media screening, as well as the onboarding and ongoing monitoring of high-net-worth clients. Possesses a strong knowledge of global regulatory requirements, criminology, fraud analysis, and fraud prevention frameworks. Highly skilled in identifying, documenting, and escalating red flags in accordance with internal policies and regulatory expectations. Proven ability to mitigate financial crime risk, resolve complex fraud cases, and execute the offboarding of high-risk accounts. A collaborative and detail-oriented professional with a strong commitment to integrity, regulatory compliance, and the protection of institutions from financial, regulatory, and reputational risks.
Overview
4
4
years of professional experience
1
1
Certification
Work History
Regulatory compliance Associate
Accenture Solutions PVTLTD
01.2024 - Current
- Identify potential sanctions matches, and assess match quality (true hit vs. false positive).
- Perform name-matching analysis, considering aliases, DOB, nationality, and geographic indicators.
- Maintain audit trails and evidence from LexisNexis screening outputs.
- Perform adverse media screening using LexisNexis to identify negative news related to customers, and associated parties.
- Review media linked to financial crime, fraud, corruption, money laundering, terrorism, and regulatory breaches.
- Maintain documented evidence and justification for decisions taken.
- Identify domestic, foreign, and international organization PEPs, including relatives, and close associates.
- Review LexisNexis profiles to determine match accuracy and classify results as true match or false positive.
- Collect and document supporting information, such as role, jurisdiction, tenure, and source of information.
- Transaction Monitoring and Transaction Review utilize data analytics skills to analyze large volumes of transactions and identify anomalies in transaction patterns.
- Transaction monitoring for customers based on risk rating identifies if there are any red flags or suspicious transactions.
- Identify the high-amount transactions in the account, investigate, and document reports if any unusual or suspicious activity is found.
- Investigation of different kinds of fraud and money laundering activities: money laundering, authorized push payment (APP), card not present TC40 (CNP fraud), money mules, and account takeover.
- Proficient in utilizing tools such as World-Check, LexisNexis, and other databases for risk assessment.
AML– FINANCIAL INTELLIGENCE UNIT
WNS Global Services PVT LTD
01.2022 - 01.2024
- Examining fraud reports from banking partners and internal reports from Financial Technology Company and taking necessary precautions to Report/prevent fraudulent transactions.
- Filing SARs (Suspicious Activity Reports), facilitating refunds to the customers, address sanctions alerts and other applicable AML (Anti Money Laundering) process in accordance with regulations and time limitations.
- Monitoring the transactions of the customer. If any unusual or fraud documents, unusual account activity founded in verification, raising SAR. And if Necessary, raising SAR and report to NCA.
- Identify the high amount transactions in the account, Investigate, and document, reports If any unusual or suspicious activity is found.
- Strong working knowledge of Back-office tools, and Meta base.
- Responsible to prepare & submit a narrative summary of findings for each individual review, including a detailed recommendation for further action in SAR-ready format.
Education
BBA - Finance
Surana College
Bangaluru01.2021
Bachelor’s Degree - Commerce
Presidency Junior College
Bangalore01.2018
Cannan Christ Public School - SSLC
Cannan Christ Pubilic School
Bangalore01.2016
Skills
- Customer due diligence
- Transaction monitoring
- Adverse media screening
- Name matching analysis
- Sanctions screening
- Anti money laundering
- Suspicious activity report
Disclaimer
I hereby declare that the information furnished above is true to the best of my knowledge.
Certification
CIBOP (Certified Investment Banking Operations Professional)
Timeline
Regulatory compliance Associate
Accenture Solutions PVTLTD
01.2024 - Current
AML– FINANCIAL INTELLIGENCE UNIT
WNS Global Services PVT LTD
01.2022 - 01.2024
BBA - Finance
Surana College
Bachelor’s Degree - Commerce
Presidency Junior College
Cannan Christ Public School - SSLC
Cannan Christ Pubilic School