Ali Hachem

• Developed plans and strategies to promote continuous improvement.
• Compliance Updates and Advisory Role for Business.
• Conduct regular compliance assessments and audits to ensure adherence to regulatory requirements and internal policies.
• Provide training and support to employees on compliance-related matters, including anti-money laundering (AML) and know-your-customer (KYC) regulations.
• Collaborate with different departments to ensure that new products, services, and initiatives are compliant with relevant regulations and internal policies.
• Ensure to be up-to-date with regulatory developments and industry best practices, and provide recommendations to management on changes to policies and procedures.
• MLRO of 14 DNFBPs companies , mainland and ADGM.

• Developed plans and strategies to promote continuous improvement.
• Compliance Updates and Advisory Role for Business.
• Conduct regular compliance assessments and audits to ensure adherence to regulatory requirements and internal policies.
• Provide training and support to employees on compliance-related matters, including anti-money laundering (AML) and know-your-customer (KYC) regulations.
• Collaborate with different departments to ensure that new products, services, and initiatives are compliant with relevant regulations and internal policies.
• Ensure to be up-to-date with regulatory developments and industry best practices, and provide recommendations to management on changes to policies and procedures.

• Presenting monthly (FCC) Financial Crime Compliance gap analysis to Compliance Risk Management Committee (CRMC).Outlining the root cause , action plan, remediation action and control put in place of the full compliance cycle , including first and second line of defence, i.e. onboarding , ongoing , products , compliance systems and regulatory reporting.

- Onboarding : High , Medium , Low risk newly onboarded clients. Identify inaccuracies or defects that might emerge during the onboarding process

- Ongoing : Name screening , Payment screening , Transactions monitoring , client exit relationship.

- Products : CASA, Credit cards , Loans , C3 .

- Compliance systems : SAS 8.3 , Firco soft , FMM , IBPS.

- Regulatory reporting : STR , SAR , PNMR , FFR and law enforcement authorities.

• Presenting weekly Chief Compliance Officer update report.
• Established Policies and Procedures of Compliance Monitoring and Assurance unit.
• Reviewing policies and procedures of Financial Crime Compliance (FCC department) , escalating any gaps and shortfalls in order to ensure compliance with UAE regulations and international guidelines.
• Leading KYC remediation program, high risk monitoring and reporting.
• Managing quality assurance of First and second line of defence , exit meeting with stakeholders and approving monthly and quarterly final reports.
• Highlighting regulatory breaches and provided stakeholders with constructive guidance.
• Ensure quality standards are being met across the end-to-end review process
• Establishing quality assurance methodology and process.
• Monitored tracking of remediation actions by concerned stakeholders and ensuring closing within agreed timeline.
• Supported development of annual Group UAE Compliance Monitoring Plan (CMP), testing schedules, templates and associated working papers.
• Supported internal and external audits to confirm compliance team met accreditation standards.
• Managing team of 6 members.

• Managed Sanctions investigations division.
• Acted as Focal point of correspondent Bank queries.
• Managed development training for new employees.
• Suggested and implemented Sector review over more than 10 sectors based on current trend and information gathered internally or externally by correspondent Banks .
• Managed returned remittances and reporting to CCO and CRO.
• Maintained up to date knowledge and expertise in sanctions regulatory environment.
• Supported sales teams to ensure compliance with anti-money laundering policies and regulations.
• Filed STRs / SARs / PNMRs / FFRs when needed.
• Conducted CDD, EDD on customers and their Stakeholders when suspicious activity noted or red flag pop up.
• Maintained a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends.
• Tested all new or improved systems and signing off in order to be implemented.