Mazhar Imtiaz
Dubai
Summary
Highly detail-oriented and experienced Compliance Officer with a proven track record in ensuring compliance with Know Your Customer (KYC), Anti-Money Laundering (AML), and Foreign Account Tax Compliance Act (FATCA) regulations. Adept at conducting thorough customer due diligence (CDD), enhanced due diligence (EDD), and mitigating risks in financial operations. Strong analytical skills, knowledge of regulatory frameworks, and experience working with financial institutions. Seeking a challenging role to leverage expertise in compliance, risk management, and regulatory reporting
Overview
5
5
years of professional experience
1
1
Certification
Work History
KYC Officer (Business Banking)
Idenfo Dubai (RAK Bank Project)
07.2024 - Current
- Checking and Validation of the Documents of Corporate Clients(ID documents as Passport, Emirates ID,Constitutional documents, Trade License, Certificate of Incorporation, MOA/AOA, Shareholder Certificate, UBO Structure, FATCA, CRS, Sanction Declaration, DNFBP Checkist, Source of Fund, Source of Income. Source of Wealth (PEP).
- Performing GAP analysis on remediation of cases.
- Checking Transaction Analysis Report Business Model of Customer Cash and Non cash % in the business.
- Filling the Customer details in IBPS. Validation of customer data with FINACLE (Core system of RAK BANK) and Omnidoes. Checking and Validation of individual and Entity FATCA , CRS Forms. (W8 W9) Handling profile change scenerios in complex business Structures. Performing outreach to the customer on email and calls . Performing CDD (Customer due deligence), EDD (Enhanced Due Deligence) Name Screening with Ename Checker ,Firco Trust and Public Domain Search. and submitted all my findings to the Senior Teams.
- Emirates ID Ping and ICP Validation
- Collaboration with Business and Compliance Teams for high risk cases. Participation in Training Session and E-learning. Participation in staff meetings on statigies and process improvement.
Screening Analyst (CDD, EDD and Transaction Monitoring)
MB Service LLC Dubai (Revolut Ltd Project)
11.2022 - 06.2024
- Resolving and mitigation of alerts on individual and business profiles generated against RDC (Regulatory Data Corporation) FOF, FOS OFAC Lists
- Performing CDD (Customer due deligence) on Medium risk customers As discounting the hits on Strong(Phobo Mismatch, Deceased individual) medium rule( Name mismatch, DOB Mismatch) and additional rules( Incarcerated individual or Gender mismatch) by the the data in RDC and additional platform searches as well.
- EDD (Enhance Due Deligence) to identify True Match of Sanction
- Sanction Connect, TER Gov, TER Media, True PEP and Adverse media ( Like Money laundering, Murder, Robbery, Theft) and submits Search on individual and companies profiles.
- Transaction monitoring of large and heavy transaction cues.
- Blocking of transactions in prohibited sanctioned countries as per same strong secondary and additional rules
- Checking the transactions against Negative words, crypto currencies and white list entities.
- Mitigating the transactions as per the mitigation factors and escalating the alerts
KYC Analyst
Mindbridge (Revolut Ltd Project)
01.2021 - 08.2022
- Conducted in-depth KYC due diligence on new and existing customers to ensure compliance with regulatory requirements.
- Analyzed customer documentation, including identification, financial statements, and business ownership structures, to verify authenticity and assess potential risks.
- Reviewed transactions and account activity for suspicious patterns indicative of money laundering or other illicit activities.
- Collaborated with other specialist teams to escalate and resolve compliance issues promptly.
- Utilized various tools and databases, to gather information and perform background checks on customers.
- Developed and maintained comprehensive KYC files, documenting all relevant information and decisions made during the due diligence process.
- Stayed abreast of regulatory changes and industry best practices to ensure compliance with AML (Anti-Money Laundering) and KYC regulations.
- Conducted research and gathered documentation to verify customer identities and assess potential compliance risks.
- Supported the implementation of enhanced due diligence procedures for high-net-worth individuals and politically exposed persons (PEPs).
- Participated in team meetings and training sessions to enhance knowledge of AML/KYC regulations and procedures
Education
BS Hons - Computer Science
Virtual University
10.2020
Skills
- Strong knowledge of KYC/AML regulations and FATCA/CRS requirements
- Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)
- Risk assessment and mitigation
- Regulatory reporting and compliance
- Strong analytical and problem-solving skills
- Excellent attention to detail
- Proficiency in compliance tools and systems (Go AML Portal, IBPS, FINACLE, Ename Checker, Firco Trust, DANTE)
- Strong communication and interpersonal skills
- Ability to work with cross-functional teams
Certification
- GoAKS KYC Certification 2024
- Foundation of AML & KYC by KYC Lookup. 2024
- AML Certification by Revolut 2023
- AML Certification (RAK Bank) 2024
- English Proficiency Cert by(VU)2024
LANGUAGES
English (Fluent)
Bilingual or Proficient (C2)
Urdu
Bilingual or Proficient (C2)
Arabic (Basics)
Beginner (A1)
Punjabi (Native)
Bilingual or Proficient (C2)
References
Shanza, Rehman, Team Lead, shanza.rehman@rakbank.ae, +971526863321, Idenfo
Awards
Laptop was Awarded by Prime Minister on achieving excellent grade in qualification.
Timeline
KYC Officer (Business Banking)
Idenfo Dubai (RAK Bank Project)
07.2024 - Current
Screening Analyst (CDD, EDD and Transaction Monitoring)
MB Service LLC Dubai (Revolut Ltd Project)
11.2022 - 06.2024
KYC Analyst
Mindbridge (Revolut Ltd Project)
01.2021 - 08.2022
BS Hons - Computer Science
Virtual University
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