Mohamed Elbanna

• First and second Level Investigation and clearance of Payments Screening alerts along with recording the rationale for clearance for array of clients across UAE and International geographies
• Escalate cases not cleared by investigation to respective CIB/PB Risk & Control Alert Management support unit or related unit within the Group Compliance SLOD
• Gather supportive information from a list of internal and external databases based on global standard process
• Conducting enhanced due diligence investigations in support of policies and procedures
• Conducting searches, gathering data and recording evidence from internal systems, the internet and enquiry with business within the organization.
• Record and retain the alerts and cases in line with record keeping requirements of the respective jurisdictions.
• Building and applying knowledge of sanctions and anti-money laundering processes.
• Identify opportunities for continuous improvements to Sanctions Payment Screening related systems, processes and practices based on risks and control deficiencies identified.
• Recommend, initiate and implement, optimizations to screening methodologies and parameters in order to maximize cost efficiency and effectiveness of FAB’s regulatory compliance locally as well as for all jurisdictions where FAB operates.
• Support the implementation of Internal Audit, Regulatory Compliance and Group Compliance SLOD recommendations for findings pertaining to Sanctions Payment Screening.

• Ensure the rules and alerts written for monitoring high-risk products are appropriately tuned and maintained
• Monitoring, reviewing and investigating transactions
• Oversee AML optimization across multiple LOBs (including correspondent banking, retail, commercial, brokerage, and trade finance) and multiple Transaction Monitoring Systems (Mantas and Smaragd), ensure sound risk coverage, adequate quantitative model assessment and validation, and data quality completeness and integrity
• Reporting suspicious transactions
• Carrying out surveillance and periodic reviews
• Assist in the tuning and implementation of monitoring rules to prevent and detect money laundering, fraud or other financial crime responding to emerging trends

Conduct investigation on suspicious transactions
Prepare high-quality suspicious transaction reports to the authorities concerned
Perform AML risk review / assessments
Establish and review the Bank's AML / sanctions related policies and procedures
Provide professional advice on AML-related issues for business units
Handle ad hoc projects as assigned

Conduct compliance program and product risk assessments including evaluating and directing processes to identify regulatory compliance risks and documenting recommended mitigation strategies;
Ensure adherence to all applicable laws, rules, and standards with emphasis on the following (but not limited to):
Maintenance of relevant licenses and registrations
Client categorization
AML/CFT/client suitability of institutional investors and accredited investors
Conflicts of interest
Client inducements and other forms of remuneration
Dissemination of research

• Drafting and Reviewing of Policies and procedures for the company which is based on the requirements of Central Bank of Kuwait & best international practices this shall be updated periodically or as warrants by the Central Bank of Kuwait.
• Receive Internal Suspicious Transaction Report (STR) from the branches and Compliance team to investigate and to take suitable action on case to case basis by filing STR reports to Kuwait Financial Intelligence Unit. The summary of such STRs filed shall be notified to the board on a periodic basis (MLRO).
• Respond promptly to any request made by the Enforcement Unit or regulatory authority / Correspondent banks.
• Monitor the day-to-day transactions based on the Red Flag Alerts / parameter kept in the system.
• Providing AML training to all the Front Line Staff (FLS) of Al Ansari Exchange. Furnish periodic report to Board of Directors of Al Ansari Exchange about the gaps/findings/corrective actions taken based on the External AML Audit.

Direct the development, operations and management of compliance programs.

Identify and contain compliance risk with the Compliance Manager for monitoring and reporting of suspicious Transactions to Kuwait Finance Intelligence Unit (KFIU) Collaborate with management team to ensure departmental support and full understanding of compliance responsibility

Assist Compliance Manager to design, create and update compliance forms and AML/CFT policy documents.

Work with legal team to address existing compliance cases and form corrective action plans to eliminate similar incidents.