Mudassar Farid

· Developed and implemented robust anti-money laundering (AML) policies and procedures in compliance with local and international regulations (e.g., FinCEN, FATF, EU Directives).

· Conducted thorough investigations into suspicious financial transactions, applying advanced knowledge of KYC, AML, and OFAC screening practices to mitigate risks.

· Led periodic risk assessments to identify potential vulnerabilities in transaction monitoring systems and business processes, ensuring regulatory compliance and operational efficiency.

· Managed the SAR (Suspicious Activity Reporting) process, ensuring timely submission of SARs to regulatory authorities and documentation of findings in accordance with company protocols and legal requirements.

· Collaborated with internal teams (Legal, Audit, IT, and Risk Management) to design and implement solutions that strengthen compliance controls and enhance the company's AML strategy.

· Performed enhanced due diligence (EDD) on high-risk customers and transactions, ensuring proper documentation and justification for business relationships and transactions.

· Coordinated with regulators and external auditors during compliance reviews, audits, and examinations, providing requested documentation and ensuring a transparent, cooperative relationship. Responded to all the inquiries of Subpoena

· Monitored ongoing changes in local and international AML regulations, ensuring timely updates to internal policies and procedures to maintain compliance with new legal requirements.

· Managed transaction monitoring systemsand alert investigations, ensuring proper escalation and follow-up on suspicious activity to minimize risk exposure for the organization.

· Produced detailed reports and analysisfor senior management, offering insights into AML trends, operational challenges, and risk mitigation strategies.

• Analyze complex cases for potential suspicious in line with Central Bank of UAE regulations and
• FATF recommendations
• Conduct customer due diligence CDD, enhance due diligence EDD for detecting unusual / suspicious transactions and file online STR/SAR to
• FinCen using GOAML channel
• Assist manager compliance in customers’ risk profiling, reviewing the compliance framework and performing gap analysis to ensure the compliance framework remains robust
• Perform reconciliation of cases and making sure to have a 90-day follow-up plan screening on alerts generated, and conduct
• Investigations on scenarios against OFAC, AML and regulatory sanctions on PEP's, Criminals
• Terrorist/Terrorism, Fraudsters, EMBARGO countries, organizations, vessels and follow Global standards
• Maintain strong understandings of laws, regulations and regulatory guidance that are
• Work experience relevant to this role
• Analyzing and Monitoring Travel Cards and minimizing risk, preventing fraud and misuse
• Handling Western Union transactions, detecting
• Scam Frauds, Hawala, Detecting terrorist financing and money laundering
• Communicating with International Subpoena for inquires
• Prepared SAR's with all details and follow the bank's SAR template procedures.

• Detect fraudulent transactions
• Analyzing Prepaid cards functioning, tweaking mechanism of cards as per requirements and suggestions to improve the performance of cards
• Make immediate customer contacts to verify suspected usage on the cases
• Take Card Replacements requests & help recovery through chargebacks
• Minimize transactional fraud Losses by effective transactions monitoring techniques abiding the policies and procedures of Fraud Risk Monitoring
• Unit
• Tweaking rules & monitoring rules behavior communicated any special investigative information and respond to any management queries
• Analyzing & finding mule accounts by applying
• Anti Money Laundering Techniques
• Create & Update daily card dispute cases report
• Minimize transactional fraud Losses by effective transactions monitoring techniques abiding the policies and procedures of Fraud Risk Monitoring
• Unit
• Knowledge of FALCON, Fraud Navigator, Vision
• Plus & CRM
• Proactively analyzing data to answer key questions from stakeholders or out of self-initiated curiosity with an eye for what drives business performance
• Defining and implementing data acquisition and integration logic, selecting appropriate combination of methods and tools within defined technology stack to ensure optimal scalability and performance of the solution
• Conducting analysis and turn insights into actionable changes for predictive models