MOHAMED ELBANNA-MAFI
Summary
Experienced AML/OFAC compliance professional with comprehensive knowledge with remediation projects and issues. Proficient in dealing with high-risk situations with strong analytical skills and understanding the sensitive nature of AML regulatory actions within financial institutions. An AML compliance expert seeking a position with an organization that could benefit from a motivated, qualified results oriented, and globally adept addition to the team.
Overview
26
26
years of professional experience
Work History
Remediation Team Member
Mashreq Bank
New York, New York
10.2018 - 03.2026
- Engaged for reevaluation of prior work performed within the financial institution related to Office of Foreign Assets Control (OFAC), USA PATRIOT Act, Bank Secrecy Act (BSA), Know Your Customer (KYC), and all other laws, regulations, and requirements designed to establish processes to detect and prevent money laundering, fraud, and terrorism.
- Responsible for conducting a comprehensive review of investigation cases from level 1& 2 in remediation scope from (Jan 2018 to Aug 2018)
- Provide an articulated rational behind decision to close without further action or promote for further action
- Review any prior cases, which the Money Laundering SAR Committee decided not to file cases and recommend the re-opening of such cases
- Train the new reviewers on how to assess the parallel cases and provide feedback
Investigator and Quality Assurance Consultant
Mega ICBC NY Branch
New York, New York
07.2017 - 10.2018
- Ensured regulatory compliance by executing quality assurance for a transaction monitoring lookback project mandated by NYS DFS and federal regulators.
- Expanded operational coverage by cross-training in OFAC and submitted quality matrix to the team leader, supporting diverse ad-hoc compliance requests.
- Perform quality assurance reviews of case memorandums and identify potential SAR to Team Lead.
- Identified systemic control and documentation weaknesses and escalated findings through structured QA reporting and trend analysis
BSA/EDD for High-Risk Accounts - Consultant
Woori America Bank
New York, New York
04.2017 - 07.2017
- Conducted reviews and analyzed high risk accounts for potential suspicious activity and performed necessary due diligence.
- Responsible for reviews of fed wire entities, associated parties, financial institutions and countries against OFAC/Sanctions lists recommending the proper action for OFAC positive hits, while providing written conclusions dispositions and documenting researched findings.
- Conducted research using various external system platforms to identify possible Politically Exposed Persons (PEP) such as LexisNexis and World Check to identify negative news risk.
- Responsible for performing periodic review of high-risk customers by comparing Enhanced Due Diligence reports from prior years to the current EDD review to determine if the account activities profile is accurate or recommend further review of account activities.
OFAC Managing - Consultant
Saudi Arabia Bank
Jeddah, Saudi Arabia
08.2016 - 12.2016
- Provided English and Arabic translation of confidential and financial documents critical to ongoing investigation into possible OFAC violations while performing the second level review of matches and dispositioning false matches as needed.
- Provided coverage for fraud, AML/KYC Look-Back Process and determined customer risk through the onboarding process.
- Conducted detailed case review and analysis of SWIFT messages to identify Payments and Foreign Exchange transactions for potential SWIFT abuse, circumvention or other attempts to avoid detection by U.S. sanctions screening and provided full rationale and detailed narrative to disposition each case appropriately.
Transactional Monitoring Analyst
K2 Intelligence
New York, New York
06.2015 - 07.2016
- Updated various KYC client data by conducting stringent research using various Internet platforms to identify possible Politically Exposed Persons (PEP) and LexisNexis and World Check to identify risk.
- Utilized the various KYC and Customer Identification documentation and internal details and prepared risk rating.
- Tasked to investigate Pre-Paid Card transactions of a mandated lookback project.
- Performed triage of AML Cases with multiple AML triggers and determined if a Closure Memorandum (NFA) is warranted or escalation and draft of Suspicious Activity Report (SAR) is necessary for the retail customer.
- Assisted, identified and provided information to support SAR documenting suspected AML patterns indicative of criminal behavior and other consumer based fraudulent activities.
Global Financial Crimes Anti-Money Laundering Investigator, Associate
JP Morgan Chase
New York, New York
08.2013 - 06.2015
- Reviewed Consumer transactions for known red flag AML patterns such as large cash deposits just under the CTR reporting level or deposits at various locations on the same date or week, sequential check and dispositioned per procedural requirements.
- Conducted periodic internal account/customer reviews to identify potentially suspicious activity and accurately documented steps taken through the investigation process.
- Interfaced with bankers to obtain information related to their client's transaction activity along performing various tasks with other internal compliance areas ensuring internal requirements were understood and maintained, such as Key contributor of extensive knowledge of AML/KYC functions, rules and policy and procedure knowledge.
- Prepared SARs in compliance with established regulatory guidelines, while under the direct supervision of the Compliance Manager and Executive Director.
Compliance Manager
Galaxia International Service (MSB)
Jersey City, NJ
01.2000 - 08.2013
- Developed, initiated, maintained and revised AML Compliance Program policies and procedures.
- Responsible for reviews of fed wire entities, associated parties, financial institutions and countries against OFAC/Sanctions lists recommending the proper action for OFAC positive hits, while providing written conclusions dispositions and documenting researched findings.
- Prepared the quarterly and year end reporting to be submitted to the regulatory agencies and represented the companies during the State and IRS examinations.
- Designed the CIP, CDD and EDD customer risk assessments policy and procedures.
- Maintained KYC files of active customers and documented the review of the customers as required.
Senior Accountant
Galaxia International Service (MSB)
Jersey City, NJ
01.2000 - 08.2013
- Prepared monthly financial reports, company internal controls and various financial statements.
- Assisted in the formulation of the budget and monitored expenditures to assure that the department remained within the budget, then reconciling cash management functions and investments with the CEO.
Education
MASTER IN FINANCIAL INTEGRITY -
CASE UNIVERISTY
01.2020
BACHELOR OF BUSINESS ADMINISTRATION DEGREE - GENERAL BUSINESS WITH HIGH HONORS
BERKELEY COLLEGE
01.2002
BACHELOR OF COMMERCE DEGREE - ACCOUNTING AND AUDITING
CAIRO UNIVERSITY
01.1988
Timeline
Remediation Team Member
Mashreq Bank
10.2018 - 03.2026
Investigator and Quality Assurance Consultant
Mega ICBC NY Branch
07.2017 - 10.2018
BSA/EDD for High-Risk Accounts - Consultant
Woori America Bank
04.2017 - 07.2017
OFAC Managing - Consultant
Saudi Arabia Bank
08.2016 - 12.2016
Transactional Monitoring Analyst
K2 Intelligence
06.2015 - 07.2016
Global Financial Crimes Anti-Money Laundering Investigator, Associate
JP Morgan Chase
08.2013 - 06.2015
Compliance Manager
Galaxia International Service (MSB)
01.2000 - 08.2013
Senior Accountant
Galaxia International Service (MSB)
01.2000 - 08.2013
MASTER IN FINANCIAL INTEGRITY -
CASE UNIVERISTY
BACHELOR OF BUSINESS ADMINISTRATION DEGREE - GENERAL BUSINESS WITH HIGH HONORS
BERKELEY COLLEGE
BACHELOR OF COMMERCE DEGREE - ACCOUNTING AND AUDITING
CAIRO UNIVERSITY