Open to work
Last Updated - 12 hr ago
udit pal
Senior Executive (AML/KYC/Transactions Monitoring, Risk, Legal, Compliance)
New Delhi
Locations willing to relocate to - Saraswati Vihar, Delhi, India
Udit Pal is a seasoned professional specializing in Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance, with extensive experience in transactions monitoring. Having held senior positions at WNS Global Pvt Ltd, Ienergizer Pvt Ltd, and Concentrix Daksh Pvt Ltd in Gurgaon and Noida, India, Udit has demonstrated expertise in conducting investigations, performing due diligence, and ensuring compliance with financial regulations. He excels in managing high-risk customers and implementing AML policies to prevent financial crimes. Udit's career objective is to leverage his skills in AML, KYC, and risk management to drive integrity and compliance in the financial sector. He holds a Bachelor of Arts degree from Shivaji College, Delhi University, and is skilled in various financial technologies and tools.
Skills
Experience
Senior Executive (AML/KYC/Transactions Monitoring, Risk, Legal, Compliance)
Nov 2023 – May 2024
(7 Months)
Ienergizer pvt Ltd • Noida, India
Conduct Customer Due Diligence, Vendor Management, Handled Document forgery cases, Use to issue SCN (Show Cause Notice) to Employee who involved in Financial crime (Internal), Document forgery cases, Suspicious Activity Report escalations, Handled escalations which was reported by anonymously through our employee regarding any financial crime or any unacceptable behavior within the process. Conduct Vicinity of the KYC provider if he/she involve any kind of financial crime. We use to send details to our agencies who use to perform that action. Conduct Corporate KYC and share details to the agencies to cross check whether company is genuine of fake. Use to do SAR escalations if we found any suspicious activity or any type of unknown SOF and review SOW too. Conduct diligence to find out their nature of their business of our new clients (International Client Onboarding). Conduct investigation on wire transfers, ACH transfers and try to find out any relation with the customer. EDD, PEP, Transaction monitoring, Screening National and International Section lists.
Senior Associate (AML/KYC/Transactions Monitoring)
Mar 2022 – Nov 2023
(1 Year 9 Months)
WNS Global pvt Ltd • Gurgaon, India
Conducting extensive and confidential investigations of suspected fraud allegations. Interviewing individuals who may have information on particular fraud allegations. Running background checks, employee investigations, and asset searches on suspected perpetrators. Analyzing documentation, such as victim testimonies and financial records to determine if fraud occurred. Writing in-depth reports on your findings and presenting them to management. Liaising with victims of fraud, the police, and court officials when a civil or criminal case is opened. Worked on Check Frauds Mostly worked on Newton, UNIT 21, OIB, ENSENTA, Lexis Nexis, World Check, Refinitiv for Adverse Media Search. External Bank Linking of the customer and checking there IP address location for Sanction Screening or other than home country. Testifying on fraud cases in civil or criminal proceedings. Conducts comprehensive research and/or background investigations on individuals, entities, organisations or locations to identify and mitigate associated sanctions, credit, financial crime, and reputational risks and thoroughly documenting findings. Reviews and analyses due diligence data from a variety of sources to determine overall risk. Screens customers, prospects and/or transactions against various regulatory reporting lists and regionally based sanctions watch lists. Evaluates risks to determine permissibility under sanctions, regulations and/or BSA/AML regulations. Works with high risk customers (e.g. casinos, MSBs, payment processors) to understand controls and activities. Provides appropriate direction to the line of business. Escalates confirmed sanctions alerts, PEP matches and other risks appropriately. Performs non-documentary Customer Identification Program on domestic customers in accordance with regulations and bank policy. Ensures compliance with guidelines set forth in federal/state anti-money laundering laws and regulations including the Bank Secrecy Act and various sanctions regulations, and in accordance with policy/procedures set by the bank. Consults with peers, line of business managers and other external parties regarding due diligence findings. Participates in moderate size project initiatives. Crypto Currency Roles and Responsibilities in AML - In the cryptocurrency industry, KYC requirements are less standardized. Most exchanges require that new customers share their legal name, government-issued ID, and up-to-date address information, but this varies according to where the exchange operates and what it provides.
Senior AML/KYC Specialist
Mar 2018 – Mar 2022
(4 Years 1 Month)
Concentrix Daksh pvt Ltd • Gurgaon, India
Conduct initial customer acceptance process, verify customer identity, and assess the risk associated with maintaining a business relationship. Verify full name and address. Obtain verifiable photographic identification. Determine the existence of a UBO (Ultimate Beneficial Owner). Assess the purpose of the intended relationship and planned transactions. Confirm customer's AML policies. Assess inclusion on lists like sanctions, blacklists, and PEP. Implement Anti-Money Laundering (AML) policies, procedures, and technologies to prevent money laundering. Monitor and analyze potentially fraudulent activity. Conduct enhanced due diligence procedures. Screen for sanctions and politically exposed persons (PEP). File Suspicious Activity Reports (SAR) when necessary. Ensure the company's adherence to KYC and AML regulations. Oversee the implementation of Customer Acceptance Policy and Customer Identification Procedures. Monitor transactions for compliance. Regularly review and update KYC policies in line with regulatory changes. Manage and verify the required KYC documents. Collect and validate tax identification numbers. Obtain beneficiary information and incorporation certificates. Review bank statements and income tax returns. Ensure compliance with financial regulatory bodies. Keep abreast of regulations from authorities like FinCEN, FINRA, OFAC, and FATF. Implement necessary procedures to adhere to regulatory requirements. Assess and manage risks associated with KYC procedures. Classify accounts into "High Risk," "Medium Risk," and "Low Risk" based on customer profiles. Conduct regular risk monitoring and make necessary inquiries. Implement Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) processes. Conduct basic KYC checks for low-risk customers. Perform in-depth due diligence for mid-risk customers. Implement enhanced due diligence for high-risk customers. Provide legal guidance on KYC requirements.
Education
Bachelor of Arts in Arts
Shivaji College (Delhi University)
CBSE - 12th
Govt Boys Senior Secondary School
CBSE - 10th
Govt Boys Senior Secondary School
Languages
No languages listed.
Projects
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