AML focal point - UAE National Dubai Investments PJSC

Overview:

As one of DIR's designated AML Focal for Sales operations, the role involved working closely with the AML Officer and various departments within DIR, to ensure adherence to AML-CFT policies, procedures, and controls in an effort to facilitate the identification and reporting of suspicious transactions or activities.

Responsibilities:

1. Monitor customer transactions to identify suspicious transactions/activities.
2. Conduct customer due diligence and enhanced due diligence to verify customer information, documentation, types of activity and risk profiles
3. Co-ordinate with AML Officer and internal departments in the preparation of AML status reports on issues relating to compliance and ensure that same are provided to the relevant regulatory authorities in a timely manner
4. Maintain accurate and up-to-date records and trackers for Money Laundering or Suspicious Transaction activities, with supporting documentation for Management review and retention
5. Ensure adherence to AML/CFT policies, procedures, and controls to comply with applicable laws and regulations
6. Adhere to the defined compliance processes across the business for conducting due diligence, whistleblowing, and also co-operating with the corrective actions and investigations
7. Monitor regulations or guidelines issued by UAE Supervisory Authorities (Ministry of Economy, Financial Intelligence Unit, etc.) and ensure their integration into the organization's processes