Prashant Kanse

Experience

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  State Street Syntel Services Private Limited (Financial Kpo)

  Aug 2011 - Sept 2017

  Financial Associate with AML Expertise

  Transaction Monitoring: Diligently monitor and analyze financial transactions and customer activities to proactively detect potential money laundering risks and suspicious activities.Customer Due Diligence (CDD) Evaluation: Review and assess Customer Due Diligence (CDD) files to determine the inherent AML risk. When necessary, escalate cases to the Money Laundering Reporting Officer (MLRO) following established protocols.AML/CFT Operations: Conduct AML/CFT (Anti-Money Laundering/Counter Financing of Terrorism) Customer Due Diligence (CDD) and Transaction Monitoring (TM) operations and investigations, ensuring high standards in terms of consistency, process adherence, and productivity.High-Risk Account Oversight: Assist in the identification, review, and continuous monitoring of high-risk accounts, including those from High-Risk Countries and those associated with Politically Exposed Persons (PEP).Suspicious Activity Reporting: Promptly identify and report any suspicious or unusual matters to the AML and Line of Business Compliance teams for in-depth investigation and regulatory compliance.Account Management: Manage account opening and maintenance procedures for investor accounts, distribution payments, settlement payments, and updates to beneficial owner information.Regulatory Expertise: Maintain a strong grasp of key regulations, including FATCA (Foreign Account Tax Compliance Act), CRS (Common Reporting Standard), OFAC (Office of Foreign Assets Control), FATF (Financial Action Task Force), Non-FATF regulations and UCITS (Undertakings for the Collective Investment in Transferable Securities). Stay updated with changes and developments in these areas. Show less

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  Vidhsidd Infotech LLP

  Oct 2017 - now

  Senior Financial Investment Analyst - Team Lead

  Payment Processing Compliance: Ensure that payment processing via cheques, digital transfers, payments to authorities, and customer data updates adhere to regulatory and bank policies and procedures.Financing Transaction Support: Provide support for the execution of financing transactions, loan documentation, and loan administration, ensuring smooth and compliant processes.Loan Portfolio Management: Track and monitor the loan portfolio, overseeing aspects like interest costs, loan covenants, and reviewing cash flow requirements to optimize returns and minimize risks.Client On-boarding Coordination: One of the core responsibilities involves coordinating and collecting client-specific information and completing documentation to facilitate the on-boarding of new clients, ensuring a seamless and compliant process.KYC Data Review: Review the collection and verification of data to confirm the accuracy and completeness of all Know Your Customer (KYC) records.Legal and Regulatory Expertise: Possess a deep understanding of local zoning laws, tax implications, and other legal aspects related to real estate transactions, ensuring compliance with legal requirements.Investor and Stakeholder Relations: Maintain strong relationships with investors and stakeholders. Regularly provide updates on the performance of real estate investments to keep them informed and engaged.Market Research: Conduct comprehensive research on the real estate market, covering residential, commercial, and industrial properties. Analyze market trends and gather insights to make informed investment decisions. Show less