Compliance Officer

Creation Business Consultants

Responsibilities

• Oversees the organization's compliance with applicable AML and CTF laws, regulations, and guidelines
• Develop and maintain effective AML/CTF policies, procedures, and controls tailored to the corporate services industry
• Conducting regular internal reviews and audits to assess the effectiveness of the AML/CTF program and identify areas for improvement
• Establish robust transaction monitoring systems and processes to detect suspicious activities promptly
• Establishing and maintaining effective transaction monitoring systems to identify and report suspicious activities
• Review and investigate all breaches, discrepancies and irregular activities and recommend corrective actions
• Prepare AML reports for the management and file reports with the relevant authorities
• Ensure thorough and accurate collection of client identification and verification documents.
• Staying up to date with regulatory changes and ensuring the company's policies and procedures align with the latest requirements
• Providing training to employees on AML/CTF regulations, policies, and procedures
• Establish and maintain companyu2019s Internal Blacklist in relation to AML/CFT to ensure that risk exposure is reduced
• Reviewing and, if necessary, escalating suspicious activities to the appropriate authorities, such as financial intelligence units or law enforcement agencies
• Collaborate and communicate effectively to ensure a culture of compliance throughout the organization
• Prepare and submit timely and accurate suspicious activity reports (SARs) to the relevant authorities as required