Noman Ahmad Farooqi
Dubai,DU
Summary
A well-rounded AML professional with over 22years' experience as an Fraud and Disputes Cases Investigation Analyst, AML Analyst, monitoring and motivating subordinates to produce accurate and efficient work. Excellent trainer, mentor and problem-solver. Clear understanding of risk mitigation and risk assessment and training in regulatory compliance. Motivated to learn, grow and excel in the financial industry. Well skilled with experience in banking with a focus in customer Due Diligence (CDD), Enhanced Due Diligence (EDD), Anti-Money Laundering (AML), know your Customer (KYC), Suspicious Activity Report (SAR), and compliance.
Overview
17
17
years of professional experience
Work History
Compliance Analyst
Dar Exchange
Dubai
11.2023 - Current
- Experience in reviewing and investigating transactions with reference to payments alerts are closed by recording public searches and escalations further if identified containing potential matches against Sanctions lists: OFAC, United Nations, European Union, and others.
- Monitored suspicious transactions and those in violation of AML/CFT/TBML laws and regulations
- Investigated potential sanctions & PEP hits on underlying clients generated from automated alert software.
- Performing on-boarding process for new Corporate/Financial companies, including conducting orientation sessions and completing necessary paperwork CDD/EDD.
Review and monitor the alerts received at IEMS. - Identify and validate the ownership structure of broker firms/ clients to establish the ultimate beneficial owners and controlling directors/shareholders.
- Prepare STRS/SARS, accounts that have been identified with possible money laundering indicators (Red Flags) are properly reported and documented
- Performed comprehensive investigations of customers and non-customers using automated transaction monitoring alerts to determine if any patterns of unusual conduct or activities had taken place including high-risk transactions, money laundering, and terrorist financing.
- Conducted due diligence investigations to mitigate potential risks associated with high-risk customers.
Compliance Officer
DERBY GROUP OF COMPANIES
Dubai
09.2023 - 10.2023
- Contributed to the development and ongoing maintenance of an effective risk assessment framework, enabling a proactive approach to risk management across the organization.
- Assisted in the development of comprehensive compliance policies, resulting in a more streamlined process for staff adherence.
- Identified gaps in existing compliance programs through detailed assessments, leading to targeted improvement measures that strengthened overall operations.
Associate Manager
ALLIED BANK LIMITED
Pakistan
10.2008 - 06.2023
- Analyze and prepare Monthly and Quarterly Fraud Reporting to submit the State Bank of Pakistan
- Investigation of Fraud Disputed cases to determine appropriate course of proceedings
Analyze and interpreted of collected information, documentation and physical evidence associated with investigations. - Prepared case Investigation reports from allegations, transcripts of interviews and physical evidence
- Coordination with federal agencies, including FIA Cyber Crime and Banking Mohtasib
- Research all chargeback inquiries and respond to issuing banks.
- Resolved disputes by processing refunds and debits to cardholders or merchants re-present of Chargeback/ or to fulfill retrieval request to acquiring banks after receiving of sales slip within chargeback/ retrieval deadlines.
- Monitored suspicious transactions and those in violation of AML/CFT/TBML/PF laws and regulations
- Reviews all new client accounts to ensure all customer identification program, due diligence, and beneficial ownership information and documentation have been obtained; communicate with client-facing teams to assure missing items are received.
- Provided detailed reports on completed investigations, outlining findings and recommendations for resolution.
Investigation Officer
Standard Chartered Bank
Pakistan
02.2007 - 10.2008
- Provided expert testimony in legal proceedings as needed, presenting clear and accurate information to support case outcomes.
- Collected, analyzed and interpreted information, documentation, and physical evidence associated with investigations.
- Collaborated with federal agencies on investigations.
- Carefully documented statements, observations, and evidentiary materials.
- Collected information pertaining to criminal proceedings and performed investigations to resolve cases.
Education
Master In Administrative Science - Public Administration
University Of Karachi
Karachi Pakistan06.2004
Skills
- Due Diligence Training Programs
- KYC
- STR/CTR
- Risk Assessment
- Team Leadership
- Attention to detail
- Communication skills
- Analyzing Data
- Internal Audit
- Proactive
- Understanding and knowledge of Banking regulations and operational aspects
- Adaptable
Languages
English
Urdu
Timeline
Compliance Analyst
Dar Exchange
11.2023 - Current
Compliance Officer
DERBY GROUP OF COMPANIES
09.2023 - 10.2023
Associate Manager
ALLIED BANK LIMITED
10.2008 - 06.2023
Investigation Officer
Standard Chartered Bank
02.2007 - 10.2008
Master In Administrative Science - Public Administration
University Of Karachi