Ahmed Ashraf

AML/CFT & Regulatory Compliance OfficerFull Time

• Job Details:oversaw the implementation of policies and procedures across nbe’s foreign branches and subsidiaries to ensure compliance with evolving regulatory frameworks and international standards. reviewed banking products and services to ensure full compliance with regulatory requirements. identified regulatory risks related to correspondent banking, msbs, and trade finance, proposing necessary policy updates to mitigate exposure. developed and implemented a robust risk assessment methodology for correspondent banking relationships, ensuring proactive risk management and regulatory compliance. conducted comprehensive risk assessments for money service businesses (msbs), analyzing their activities and compliance with regulatory requirements, while enhancing onboarding and monitoring procedures to align with aml/cft regulations and the bank’s risk appetite. oversaw transaction monitoring for suspicious activities, ensured sanctions screening aligned with global lists while mitigating false positives, and generated suspicious activity reports (sars) for timely filing. liaised with correspondent banks to address compliance inquiries and ensure regulatory obligations were met. managed incoming inquiries, investigations, and questionnaires from correspondent banks, delivering accurate responses to maintain strong relationships and regulatory integrity. conducted due diligence on entities involved in bulk-cash transactions to identify potential money laundering or other illegal activities. monitored letters of credit (lcs) and letters of guarantee (lgs) to assess transactions for potential trade-based money laundering (tbml) risks, ensuring that no parties are listed on sanctions lists or involved in illicit financial activities. collaborated with internal teams and external partners to assess compliance risks, develop strategies to mitigate aml threats, and ensure effective implementation of compliance frameworks. reported and disclosed us accounts to the irs in compliance with fatca regulations, maintaining accurate documentation and timely submissions.