Aml Analyst Fraud

OLUTOSIN ALASI, LLB, BL, MA, CFE, CAMS

**********@*****.*** Washington, DC 20549 804-***-****

COMPLIANCE & FINANCIAL CRIMES SPECIALIST/INVESTIGATOR

AML/KYC Sanctions Regulations - Compliance – Financial Investigations – Transaction Monitoring/EDD/CDD

Active Public Trust Clearance

Delivers 11 years international experience in the financial space with specialization in financial crimes and risk management, including AML and sanctions regulations.

Exceptional financial crimes specialist and analytical problem solver; conducting investigations by collaborating with federal and international agencies, institutions, and investigators.

Office of Information Security- OIS Phishing Recognition Award – Peraton/Social Security Administration, 2022

Team Lead of the year - Bank of America, 2019

Commendation Letter- Capital One, 2017

Award from Centennial College for Spanish Language training in University of Navarra, Pamplona Spain, 2014

Employee of the year- Polaris Bank, 2013

AREAS OF FOCUS

Compliance Management

Fraud Risks Assessment

KYC/EDD/CDD

Project/Program Management Training and Development

Research & Investigations

Problem Solving & Management

AML/BSA Sanctions Regulations

Fraud Investigations

Cross-Team Collaboration

Subpoenas/SARs/CTRs

PROFESSIONAL EXPERIENCE

Peraton/Social Security Administration, 10/2020 to 11/22 KYC Analyst/Security Fraud Investigation

• Identify and conduct customer due diligence on any Politically Exposed Person (PEP) as part of a robust Anti-Money Laundering and Know Your Customer (AML/KYC) program

•Reviews documentation for new customer accounts, evaluates high-risk accounts and analyzes new customer processes and policies

• Review real time or in-process transactions with potential OFAC/Sanctions matches to ensure compliance with OFAC sanctions and conducting open-source research utilizing collection methods and investigative tradecraft, to include social media searches.

•Document investigations, escalation and resolution of sanctions matches for review to Manager and experience in areas including Customer Due Diligence (CDD) / Know Your Customer (KYC), in reviewing customers subject to Enhanced Due Diligence (EDD) standards.

• Complete KYC on boarding for new and pre-exiting customer (KYC Refresh) by reviewing client documentation, vendor databases and gathering different data points from both internal systems and external public domain research

• Complete list matching investigations to determine the validity of potential matches.

• Compares potential matches to the Bank’s client list and communicates with bankers and other financial institutions to gather information on clients.

• Investigates and monitors financial activity and transactions that appear to be suspicious.

• Analyze financial documents and statements to identify any suspicious patterns.

• Hands-on relevant experience conducting financial analysis to include asset tracking and tracing.

Analyze Client data, documentation and negative news in order to determine Client Risk Profile as established under the Global KYC Procedures

CHENEGA Corporation/ Securities and Exchange Commission 01/2020 to 10/2020 Fraud Analyst II

Review and analyze financial and investment records to identify areas requiring further investigations Prepare interim and final reports and recommendations for the auditors and attorneys and conducting large data analysis and data clean up to interpret trends and patterns

Collate and present trends analysis for the weekly Fraud Analysts meetings

Managing and investigating ad hoc cases involving claims of securities frauds that are submitted to Center for Risk and Quantitative Analytics (CRQA) from the Home Office departments and the 11 SEC regional offices as requested.

Phone and trading record analysis (Bluesheets and/or trade blotters) for insider trading cases, market manipulation, Ponzi schemes, and other various suspected securities violations (e.g., identifying unregistered and/or investment advisors).

Reviewing financial and/or accounting documents (including banking and brokerage statements) to determine flow of funds (quasi forensic accounting) and the identification of insider trader and/or other suspected fraudsters

Designing/Mapping appropriate data fields for importing into master Excel workbooks

Incorporating core concepts of Project Management (project: initiation, planning, executing, controlling and monitoring, and closing the project i.e., submitting the deliverables)

Assisting the SEC with Initial Coin Offering frauds (ICOs) and other alleged cryptocurrency fraud and wallet fund tracing activities

Bank of America, 07/2017 to 12/2019 Sr. Consultant/AML Investigator (Contract Role)

Review of KYC documentation and due diligence research for new and existing clients in consideration of temporary exceptions.

Conducted end-to-end holistic AML/Compliance reviews on individuals and organizations for large scale international bank with presence in the U.S. and Canada.

Identified patterns of unusual transactions and conducted enhanced due diligence by analyzing internal and public data sourcing systems; delivered investigative reports to top Management and law enforcement.

Analyzed large data including financial statements and negative news to discover trends and patterns related to money laundering, regulatory, and OFAC sanctions.

Maintain a current understanding and knowledge of AML, KYC, Due Diligence, and financing issues, policies, and procedures

Identity excessive risk, fraud, and reviews of misrepresentation in a transaction

Investigate the accounting documents of each department and the organization as a whole to ensure compliance of each transaction with the set accuracy, legal, and ethical standards

Utilize the U.S. Patriot Act, Bank Secrecy Act, AML, OFAC, and other AML regulatory policies

Verify accuracy of input from the customer and collateral information in the Main Processing Queues Ensure decisions not to file a SAR are well supported and recorded

Conduct investigations into questionable account activity identified during review.

Prepare and file Suspicious Activity Reports ("SAR") for escalated activity.

Conducting suspicious activity investigations, currency transaction reporting, global sanctions screening, enhanced due diligence or other AML processes.

Build and maintain awareness of the broader context and implications of the various types of risk affecting the business including financial, legal, and reputational.

Review system alerts, assessing impact to AML processes, conducting research as required and documenting results.

Write suspicious activity reports, addressing Currency Transaction Report (CTR) alerts, sanctions alerts, and other applicable AML processes in accordance with regulations and time limitations.

Provide feedback on alert rule effectiveness and partner with management and analysts to design new rules. Handle issues as appropriate for advanced investigation and analysis.

Research, analyze, and investigate high risk account behavior for potential Money Laundering transactions, Terrorist Financing, trade finance letters of credit, loans and cash letters).

Request additional information by contacting various compliance or business personnel in the organization to determine if the unusual transaction warrants closure of the investigation or if further reporting is warranted.

Review of other AML analysts work

Draft and prepare Suspicious Activity Reports ("SARs") after thorough investigations.

Line of Business notifications. (LOB notifications)

Capital One, 10/2016 to 07/2017 AML Analyst/KYC Risk Associate

Perform name and account-based research on lists and reports provided through established resources to determine if evidence of money laundering activities exists.

Prepare required reports including Suspicious Activity Reports (SARs), in accordance with regulations and time limitations

Evaluate transactions and customer relationships for Money laundering activities, identifying red flag issues and escalates within the AML framework for further investigation.

Provide additional support with the AML compliance organization on more complex issues, including research techniques and capabilities, as well other solutions as appropriate.

Collect and examine financial statements and documents to assist in identifying unusual transaction patterns Write and prepare Suspicious Activity Reports (SARs) and recommend relationship retention or termination

Track work internally for individual and team operational performance.

Review negative news and OFAC/Watch List/PEP alerts generated by automated systems.

Review monthly and daily transaction alerts, client trading activity, client file review, conducts due diligence searches and metrics.

Actively participates in the annual AML risk assessment by testing adherence to the AML policy and procedures by the LOBs

Responsible for communicating with internal and external entities, members of the sales team and other AML monitoring units

Collect and examine financial statements and documents to assist in identifying unusual transaction patterns. Document all research and analysis conducted in the Case Management System

Write and prepare Suspicious Activity Reports (SARs) and recommend relationship retention or termination

Prepared and delivered Fraud and Suspicious Activity Trainings for the Investments and Capital Markets Group.

Conducted Enhanced Due Diligence reviews against regulatory sanctions watchlists (OFAC, FHFA).

Developed QA reviewed process for Investment and Capital Markets Counterparty Credit Risk Management.

Reni SME, 03/2014 to 08/2016 Sr. Compliance Specialist/BSA/KYC Due Diligence Specialist

Conducted Enhanced Due Diligence (EDD) research via internal and external sources; analyzed documentation in accordance with regulatory and Know Your Customer (KYC) requirements

Presented periodic training sessions outlining the risks of non-compliance with industry regulations

Prepared Suspicious Activity Reports (SAR) in compliance with established regulatory guidelines; ensured compliance with AML/OFAC Regulations by screening new and existing clients against Sanctions/watch lists.

Reviewed vendor contracts and updated contract agreements; analyzed credit card transactions for fraudulent activities using the FIS database.

INTERNATIONAL PROFESSIONAL EXPERIENCE

AML Analyst (01/2013 to 12/ 2013) Heritage Bank, Lagos, Nigeria

Implement strategies for following anti-money laundering laws.

Correspond with auditors and regulators to minimize money-laundering risks.

Create and maintain reports showing the financial activity of individuals and/or organizations.

KYC Manager (2009 to 2013) Polaris Bank, Lagos, Nigeria

Report any suspicious transactions or activities in an efficient and timely manner.

Maintain knowledge of anti-money laundering compliance rules and regulations

Legal Counsel (2008 to 2009) Zenith Bank, Lagos, Nigeria

● Liaise with stakeholders to provide information about products and services of the bank.

● Understanding the needs and concerns of customers to ensure achievement of exceptional customer service.

● Facilitate processing of documentation such as Form ‘M’, Letters of Credit (L. C’s), References, check confirmation, opening of accounts and re-activation of dormant accounts forms.

Attorney (2007 to 2008) Covenant Chambers, Lagos, Nigeria

● Handle incorporation of companies at the Corporate Affairs Commission, Abuja.

● Advise on compliance and filing requirements in respect of change of officers, alteration of share capital structure, share transfer, amendment of memorandum and articles of association, meetings, amongst others.

● Provide legal opinions on various legal issues.

Legal Counsel (2006 to 2007) Sterling Bank, Lagos, Nigeria

● Ensure business practices follow current laws.

● Research on various legal issues.

● Conduct land and company searches.

● Draft legal instruments such as Mortgages, Agreements, Advance Payment Guarantees (APG), Performance Bonds, Bid Bonds.

● Monitor the perfection status of securities provided for loans.

EDUCATION

Master of International Development (PGD), Centennial College, Toronto, ON

Juris Doctor Law, LLB Hons Law, Nigerian Law School, Abuja, Nigeria

Bachelor of Law, (BL Hons Law) 2nd Class Upper, Igbinedion University, Edo, Nigeria

CERTIFICATIONS

CAMS (Certified Anti-Money Laundering Specialist)

CFE (Certified Fraud Examiner)

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