Anti-Money Laundering Quality Assurance

` Adedayo Powell Adeyanju

Cell: 214-***-****

Dallas, TX

Email: ************@*****.***

PROFESSIONAL SUMMARY:

Over 10 years of Experience as a Risk/AML analyst. Experienced, proficient, and skilled Analyst with a demonstrated history of working in the Financial Industry. Skilled in Enhanced Due Diligence and Analysis (EDD), Anti-money laundering monitoring & reporting, USA Patriot Act and financial compliance investigations, Quality Assurance, and KYC. Expert in preparing required reports including Suspicious Activity Reports (SARs). Monitors AML/BSA trends for related industry practices and evaluates AML framework along with reviewing negative feeds of OFAC/watch List/PEP alerts generated by automated systems. Passionate about ensuring the accuracy of all transactions, adherence to management policies, and regulatory requirements in financial institutions. Conversant with the identification of red flags and taking adequate steps in documenting the evidence discovered. Focused on unmasking all irregularities masquerading as potential fraud, and suspicious activities.

PROFESSIONAL EXPERIENCE:

Treliant LLC,

Washington DC January 2023 - Till Present

Large Financial Institution- Contract (Stellar Bank)

Role: BSA/AML -EDD Analyst/QC Analyst

Conduct periodic reviews on Stellar Bank customers’ accounts in various alerting scenarios.

Identify businesses and consumers with a high risk of being used in money laundering or conducting terrorist financing.

Documented and reported the review/investigation findings and prepared case files with required supporting documentation (e.g., media search results, copies of statements/checks, world check results from internal system searches, and other third-party tools such as CLEAR, BAM+, Xperience, 4sight, Synergy, Image Center, Verafin, and Negative news screening to support suspicious activities investigations.

Identified unusual customer transaction patterns indicative of suspicious activity; investigated inappropriate and fraudulent activity; conducted enhanced due diligence on high-risk customers; escalated issues to management; maintained thorough documentation of compliance with all BSA/AML/OFAC requirements.

Evaluate transactions and customer Relationships for Money Laundering activities, identifying red flags and escalate within AML framework for additional investigation.

Treliant LLC,

Washington DC December 2021- December 2022

Large Financial Institution- Contract (Regions Bank)

Role: BSA/AML Fraud Investigator

Identify research and reported suspicious activities.

Managed the investigative process from initial detection to disposition.

Thorough and timely review of reports that identify suspicious activity.

Formulated and recommended responses to suspicious findings and report such activity to the appropriate regulatory authorities.

Determined whether to close cases, escalate findings and/or file a suspicious activity report.

Generated spreadsheets, presentations, narrative reports, and other graphic and narrative products to support analysis of complex fact patterns under review during AML investigations.

Performed data collation, quality control and analysis in support to Investigation Unit’s responses.

Identifies valid and fraudulent charges, sets up fraud files, uses multiple research techniques to resolve issues, reconciles and summarizes fraud losses.

Maintains company fraud database records.

Completes database for Suspicious Activity Report (SAR) referrals.

Signature Consultant, Plano Texas- February 2021- December 2021

Contract (Deutsche Bank)

Role: BSA/AML Investigator

Review and independently assess case derived from Anti-Money Laundering /BSA Suspicious activity monitoring.

Supports the data and development of weekly and monthly reports, makes sure Compliance databases/logs are kept current, reconciled Updates daily work log., and confidential.

Prepare observation from review and analysis through compiling of review notes.

Assist with AML Compliance Training, especially on identification and reporting of suspicious transactions.

Determine whether suspicious activity reports should be filed based on case investigations.

Money Gram International (Contract)

Role: BSA/ AML Compliance Analyst November 2017- January 2021

Ensure that the Suspicious Activity Reports (SAR) falls within the guidelines of quality and regulatory requirements.

Conducted and collected research proof to build and maintain case files for transactions that were deemed suspicious, along with providing advice on new customer alerts and Know your Customer (KYC) Files.

Recommended a Suspicious Activity Report or additional Enhanced Due Diligence review of the activity identified as suspicious or unusual.

Conducted internal fraud investigations of correspondent banking customers through reviews of client transactions, via account statements, cash, check, ACH, and wire transfer activity to determine the flow of payments and look for suspicious activity or alerts.

Investigated entities via the sanction list (OFAC) as well as MSBs through (FinCEN), as well as evaluated negative news screenings.

Performed AML Investigations utilize Norkom application and various peripheral supporting applications, i.e., search engines and proprietary database services (LexisNexis, World-Check, and Acuity).

Ensured accounts with high volumes of alerts are identified, elevated, and adequately categorized as high risk and subject to enhance due diligence and monitoring.

Knowledge of the laws applicable to Money Laundering to include the BSA, the Patriot Act, U.S. Treasury

AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements.

Validate the customer's purpose and legitimacy and analyze any transactions that appear unusual based

on the customer's profile, Risk ranks the customers based on the assessment of the risk profile of the customer

Including product, geography, transaction history, and other relevant information.

Responsible for managing a caseload of investigations, perform analysis, follow-up, and work cases from beginning to completion according to the organization’s procedures and policies.

Review or request additional information (RFI), verify, and obtain information regarding client’s transactions.

Eco Bank Plc, Lagos

Role: KYC/AML/Compliance Analyst III December 2012 – September 2017

Ensures the business operates per all legal and regulatory requirements and all departments in TMR (transaction monitoring and reporting) follow standards relating to anti-money laundering, counter financing of terrorism (AML), and fraud prevention.

Conducting enhanced due diligence investigations in support of policies and procedures. Reporting unusual client activities might relate to sanctioned individuals, money laundering or terrorist financing, and writing all the suspicious activities.

Reviewed all required Anti-Money Laundering (AML)/ Know Your Customer (KYC) regulatory requirements for all clients and analyzed any transactions that appeared unusual based on the customer's profile.

Engage clients to obtain requisite KYC due to diligence information and ensure outstanding requests are resolved within SLA timeframes.

Conducted investigations on both internal/external databases to analyze and evaluate the risk posed by the client.

Conduct KYC Consumer Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) investigations and transaction analysis on middle and high-risk customers, including counterparties, to verify the purpose and legitimacy of activity using internal and external systems and databases and document findings under KYC/AML policies.

Review client legal hierarchy and the 'Know Your Client' (KYC) documentation required as per policy.

Investigate and assess all alerts for potential money laundering risks and any fraudulent activities through money transfer and ensure efficient identification and monitoring of suspicious activities and transactions

Compiling all AML data gotten from cases worked on, report metrics and qualitative factors to support analysis and review of Money Transfer alerts (AML and Confirmed Consumer Fraud alerts).

Ensure that the Suspicious Activity Reports (SAR) fall within the guidelines of quality and regulatory requirements.

Ensured that all required KYC information and documentation for a new and existing customer was accurately remediated and completed.

Making sure I triage all cases generated and escalate the activities to the appropriate unit.

Maintained and monitored all referrals created manually and carried out proper investigation on all of the cases.

Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal typologies, and developing trends.

Making recommendations related to the reporting of suspicious activity.

Evaluates fraudulent, suspicious, and unusual activity for regulatory reporting and escalation to management and other departments.

Perform other duties as assigned given the investigative results, such as requesting a formal interview and refund.

Gathered information from outside resources such as internet searches, third-party vendors, and public records to help with proper investigative processes.

Performs confidential research and analysis of alerted financial transactions generated by more complex monitoring rules promptly.

Analyzes sensitive information concerning transactional data of customer's activity and conducts in-depth research on money laundering (structuring, flipping, or avoidance) and other financial crime activity to determine if the filing of a SAR is required.

Ensures appropriate records and files are maintained accurately and are properly reconciled per all recordkeeping requirements.

Gathers pertinent evidence by conducting internal/external research, pulling transaction records, and reviewing reports. Utilizes resources to stay abreast of industry trends and standards.

Eco-Bank Plc, Lagos

Role: KYC/AML Compliance Analyst March 2007-December 2012

Maintain extensive knowledge of the laws and regulatory guidelines with which the Bank is required to comply with.

Assist with producing information related to KYC requests regarding suspicious activities.

Identified high-risk customers and individuals and followed appropriate PEP and EDD/KYC regulatory requirements.

Prepared and wrote Suspicious Activity Reports according to regulatory requirements.

Conducting alert investigation using global standard policies, procedures, and tools to meet internal and external regulatory requirements.

Conduct searches, gather data, and record evidence from internal systems, the internet, commercial databases, and inquiries with business or Compliance contacts within the organization. Conducting enhanced due diligence investigations in support of policies and procedures.

Analyzing alerts and investigating customers who match the SDN, Politically Exposed Persons, and Negative Media lists during the account opening and maintenance processes.

Identifying potential matches and referring exact matches to the appropriate compliance teams for further investigation or disposition.

Conducted client due diligence and enhanced due diligence, where applicable, for Bank and broker-dealer clients using information obtained from publicly available resources and external vendors for subsequent entry and maintenance within internal databases.

Responsible for conducting full analysis /investigations on all types of accounts from low to high-risk countries, including wire transfers, book transfers, ACH, account statements, deposit records, and check copies daily.

Establishes enhanced due diligence and monitoring efforts for new customers identified as high or moderate using KYC Risk Rating.

Conduct KYC Consumer Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) investigations and transaction analysis on middle and high-risk customers, including counterparties, to verify the purpose and legitimacy of activity using internal and external systems and databases and document findings under KYC/AML policies.

Investigate and assess alerts for potential money laundering risks in the Bank and ensure efficient identification and monitoring of suspicious activities and transactions.

Assessing how well the process is complying with the standard rules and regulations and informing management whether any issues need addressing.

Prepare weekly, bi-weekly, monthly, and quarterly reports to AML Compliance Officer.

Ensure timely, efficient reporting of suspicious transactions to the Financial Intelligence Unit.

Assist with money laundering related queries/questionnaires received from Corresponding Banks and advise management on current issues regarding correspondent banking.

TECHNICAL SKILLS:

Microsoft Office, Microsoft Visio, Excel, Access, PowerPoint, Word, Effective Communication and Outlook

Operating Systems: Microsoft office.

Applications: Actimize, Verafin, Norkom 6.1 EIM Investigator, SQL, Python, Smart sheet, BSA Manager, BAM +, CLEAR, Horizon, Xperience, 4sight, Synergy, Image Center, CTR, Mainframe, Wire, Image on Demand Statements (ISOD), Air (Archive Image Retrieval), Data Management, Sales and Service, ECAMS, AIR (Archive Image Retrieval, Web View, Word Check, Lexis Nexis, Secretary of State Information and Resource Directory, Detica and Net Reveal, Mantas, Global Investigator tool kits, Accurint, Bridger and Google search.

EDUCATION:

Babcock University, Nigeria- August 2002- June 2007

BSC, (Mass Communication)

CAMS in View

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