Tolulope K Akanni

• SAR writes up on account with confirmed suspicious activities using AML parameters as a yardstick

• Extensive experience in BSA/AML transaction monitoring and Sanction screening model development and model validation

• Utilize the U.S. Patriot Act, Bank Secrecy Act, AML and OFAC laws as a guideline for carrying out investigations on individual and company accounts

• Documents results and maintenance of QA reports, findings, observations and correspondence.

• Provide input for updates to current QC policies and procedures.

• Detect money laundering trend and mitigate such trend from reoccurring by escalation or termination recommendation

• Enhance investigation on high-risk customers and make decision either to maintain or terminate clients with high-risk relationship.

• Using external search to corroborate finding from internal records (to further improve investigation) Utilizing LexisNexis or Google search

• Utilize KYC to categorize various types of customer activity, low or high cash intensive activity

• Verify entities/customer from various screening and sanction by OFAC before on boarding entities with foreign contact, PEP, SPF or sanction individuals

• CIP (customer identification program) screening as mandatory for CDD & EDD.

• Identified inherent risks and updating internal control measures to improve the risk assessment efficiency

Conducted detailed investigations on flagged transactions to identify potential money laundering activities.

Prepared and filed Suspicious Activity Reports (SARs) in compliance with regulatory requirements.

Collaborated with internal teams to develop and implement effective AML policies and procedures.

Utilized AML software to monitor and analyze transaction data, ensuring timely detection of suspicious activities.

Provided training and support to junior analysts on AML best practices and regulatory updates. Ensure adoption of CIP (customer identification program) screening as mandatory for comprehensive and effective KYC on boarding or periodic reviews

Evaluate Financial Crimes Risk Management (transaction monitoring, enhanced due diligence, CIP, etc.) work for compliance to regulatory requirements and adherence to internal written procedures

Evaluate design and effectiveness of procedures and controls and identify opportunities for refinement