Ali Muhammad Lakhan- CAMLP, CSSP, Certified Compliance Officer

Experience

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  MCB Bank Limited

  Jun 2010 - Dec 2013

  Processing Officer

  Accounts Opening Department- Jan, 2012 | Dec -2013Follow the Standard Operating Procedure, Support unit Head in the Implementation of bank’s strategy ,Support unit Head in Process re-engineering activities, Scrutiny of Account Opening Documents.Capturing customer data in core banking system, Provide customer services and maintain Compliance with policies, procedures and regulatory requirement. Provide solutions as per Policy regarding account opening related queries and KYC marking on core banking system. Maintaining MIS’s related to account opening, Review CDD’s for customers and update in core banking system.To ensure that no penalties are imposed by regulators due to initiation errors and deviations time line lapses. All the above accountabilities includes but not limited to any additional/new tasks or responsibilities assigned by the line Manager.FCY Remittances Department, June-2010 | Dec-2011Ensure smooth and effective settlement of Remittance Officer Operational Activities define under guide lines and as per Banks SLA.To maintain accuracy and completeness of Month End Reconciliation and Balancing of all the related Suspense / GL / Nostro / Vostro Accounts etc., Follow daily endeavours with Management, Group Payment Policy and Departmental Operating Manuals, Group Guidelines for Money Laundering, the agreed customer service standards, the operational risk and State Banks statutory requirements.Ensure that all reports / information required by State Bank, Group (KRIs & KCS etc), and Local Management is prepared accurately for the section, on prescribed format and on desired frequenciesControls efficiently & effectively the reconciliation of all transactional suspense accounts to ensure that all outstanding balances identified are promptly balanced in accordance with suspense account documentation and initiates appropriate follow ups / actions for early regularization of utilized cover held on country wide basis. Show less

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  Bank Alfalah Limited

  Jan 2014 - Mar 2014

  Operations Officer

  To maintain quality in carrying out the Internal Control review assignments to ensure performance of all aspects at a very high level of efficiency and effectivenessTo review the detailed operational policy & process documents covering all the products & services, as and when received and suggest controls where applicable.Scrutiny of Account Opening Documents.Capturing customer data in core banking systemProvide customer services and maintain Compliance with policies, procedures and regulatory requirement.Provide solutions as per Policy regarding account opening related queries.KYC marking on core banking system.Maintaining MIS’s related to account openingReview CDD’s for customers and update in core banking system.To ensure that no penalties are imposed by regulators due to initiation errors and deviations time line lapses. All the above accountabilities includes but not limited to any additional/new tasks or responsibilities assigned by the line Manager. Show less

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  Al Meezan Investment Management Limited

  Aug 2014 - Apr 2016

  Sr.Investment Advisor

  Financial Advisory – involves assessing a client’s financial goals and objectives in order to advise them on the most appropriate financial products or services to meet their goals. In most cases, roles in this category sell financial products to individual investors.Specialized Investment Advisory – complementary to financial advisory, the focus of this service is on providing clients specialized advice related to specific financial planning and investment needs such as will and estate planning, establishment and management of trusts, and other unique products and services.Portfolio Management – deals with the development of an appropriate mix of investment assets (primarily Capital Market & Money Market) to maximize the returns/gains on investment portfolios, based on the investors’ set of risk and short- and long-term investment goals for their investment portfolio.Research and Analysis – involves gathering data and conducting analyses to identify and understand the possible risks and potential returns of investments. This work often includes assessing the economic performance of various industries and companies within those industries in order to identify/recommend how best to invest clients’ money. Show less

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  Alfalah GHP Investment Management Limited

  May 2016 - Mar 2020

  Assistant Manager-AML|CFT|KYC

  AML,CFT Policy and Procedures| AML Surveillance| AML Review|Transaction Monitoring System| Client Screening UN, OFAC, NACTA| KYC|CDD, EDD| High-Risk Profile Review| Fraud Mitigation and Investigations|Client Relationship Management| Quality Assurance Operations andInvestor Relations| Client Risk Assesment| SECP Fund Return Reporting|Attend Queries NAB, FIA, NACTA, etc| STR | Trade Room Compliance |Employee Trading Policy| Internal Control / Internal Audit | External Auditand SECP Inspection | Work closely with Internal groups- at the firmincluding senior management, operations, risk management, legal, andcompliance to ensure client and regulatory requirements are satisfied andto ensure. Show less

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  Albaraka Islamic Bank

  Mar 2020 - Feb 2022

  Anti-Money Laundering Analyst- AML

  Implementation of AML, CFT Policy and Procedures with vast knowledge and understanding of KYC, AML/CTF framework. Familiar with AML procedure and also ideally FATF (Financial Action Task Force) recommendations.To undertake regular monitoring activities such as review of large transactions, KYC account reviews and internal/regulatory reporting requirements.Investigate Suspicious Transactions reports by performing enhanced due diligence.Responsible to prepare SAR/STR and submit the same to FIU/FMU authority.Conduct periodic AML reviews to ensure compliance with the regulations of authorities.Review of AML/FCM alerts (new and existing) with the objective of understanding the business model identifying the financial and fraud risks.Participate in team planning activities and develop existing policies / SOPs Work closely with cross-functional teams to evolve AML/CTF processes.Support the Compliance department in the implementation, test and roll-out of new systems and enhancements to existing systems.Assist Compliance Head in AML, CFT, Sanctions in other assignments and delegated activities. Show less

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  Samba Bank Limited

  Feb 2022 - now

  Client On-boarding Sanctions reviews- Maintaining the effective management of account opening/know your customer (KYC) escalations related to potential sanctions risks. Working with applicable business units including vigilance and control teams to ensure appropriate information sourcing and risk identification. Sanctions Advisory- Keeping abreast of and investigate for potential sanctions risks, collect documentary proof, build/maintain case files for major suspicious cases. Able to Identify and mitigate sanctions risks by taking decisions on the applicable high risk sanctions cases, ensure the accurate and timely update of all watch-lists, and ensure required actions are taken as per the applicable Policy, SOP and regulatory requirement. Regulatory GAP Assessments- Communication and awareness of sanctions events, changes and prohibitions by way of MEMO or Circulars. External Correspondence and Reporting- Review and report on approved suspicious transaction reports (STRs), Action and submit responses to Central Bank on STRs, PNMR, HRC and other applicable. reports. Respond to and raise requests for information (RFIs) from other banks on sanctions risks in order to identify and mitigate risk.  Advice and Guidance- Act as a subject matter expert to bank employees, providing guidance advice on all sanctions related cases including what actions to take when dealing with high-risk accounts and transactions. Proactively monitoring of high-risk geopolitical events and conflicts (Targeted reviews / research and assessments may include, UNSC Panel of Experts reports, Dual Use Goods typologies, from Conflict regions etc.) Compliance Systems- Ensuring the operational health of all screening systems, including external assessments and audits.  Ensuring the of review of key changes including impact assessments such as rules, exceptions and threshold changes to ensure adequate sanctions screening efficiency and effectiveness. Show less Assist in the implementation and monitoring of the framework and plan for the Compliance in Sanctions that properly addresses the Compliance needs and requirements of the related divisions in line with laws, rules , and regulations.Performing Sanction Review activities as a second line of defense.Conduct QA on transactions cleared by the Sanctions Monitoring Team within FLOD operations.Review of true matches on screening hits and recommend reporting STR/SAR to FMUMonitor, review and assess the TF-related risks posed to the bank on the 4 broad parameters (i.e., Persons, Products, Delivery Channels, and Risker Jurisdictions).To assist Unit Head AML, CFT, and Sanctions in other assignments and delegated activities like project developments, implementation, and UATs.Providing timely and accurate Compliance advice on any Sanctions matters raised by the business functions by executing reviews and monitoring against applicable laws and regulations and soliciting external expertise as requiredKeep abreast of related rules, regulations, and best practices pertaining to Sanction through Notices that are received from the four key regulatory, OFAC, UN, EU & HMT.Provide advisory services in Sanctions to all Business Units on Trade Finance Transactions, Client On-Boarding, and post-boarding queries, dealing with sanctioned nationals/countries, etc. Show less Implementation of AML, CFT and Sanctions Policy and ProceduresSupervise the monitoring of Sanctions Screening through FCMSupervise the screening of bank customer database against theglobal and Local sanction lists (Batch Screening)Review of true matches on screening hits and recommend reporting of STR to FMUMonitor, review and assess the TF related risks posed to the bank on the 4 broad parameters (i.e., Persons, Products, Delivery Channels and Risker Jurisdictions).To assist Unit Head AML, CFT and Sanctions in other assignments and delegated activities like, project developments, implementation and UATs.Perform overall assessment of quality of name screening function and recommend measures as requiredReview and supervise of screening alerts of trade related transactions with respect to different global and local sanctions listsTo formulate/Review all necessary policy, procedures, SLAs, and other necessary documents in context of CFT Desk and SC. Show less

  • Unit Head- Sanctions Screening

    Mar 2025 - now

  • Senior Manager- Sanctions and CFT

    Jan 2024 - Mar 2025

  • Unit Manager- Sanctions and CFT

    Feb 2022 - Dec 2023

  • Manager Sanctions Screening

    Feb 2022 - Jan 2023