Name: | Employee Name | Job Title : | Money Laundering Reporting Officer |
Based at: | Reports to: | CEO | |
Start date: | DD/MM/YYYY | Sign: | |
Effective date: | DD/MM/YYYY | Print: |
Perform the duties of a Money Laundering Reporting Officer for Easyterms Ltd.
The Money Laundering Reporting Officer is responsible for developing, implementing, and overseeing Easyterms Ltd.'s Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) program. This role serves as the primary point of contact with regulatory bodies and ensures all staff are trained and compliant.
Act as the nominated Money Laundering Reporting Officer for all regulatory interactions and reporting.
Develop, implement, and maintain comprehensive AML and CTF policies and procedures in line with national and international standards.
Monitor all customer transactions and activities for suspicious behavior, conducting due diligence and enhanced due diligence as required.
File Suspicious Activity Reports (SARs) and other regulatory reports in a timely and accurate manner.
Provide regular and ad-hoc AML/CTF training to all employees, ensuring a strong understanding of their obligations.
Conduct periodic risk assessments of the company's products, services, and customer base to identify and mitigate potential AML/CTF risks.
Liaise with internal and external auditors, as well as regulatory authorities, during audits and examinations.
Stay current with changes in AML/CTF laws, regulations, and industry best practices.
Perform other duties as assigned by senior management.
Serve as the point person for all inquiries from the company's frontline staff related to AML/CTF.
Coordinate with the IT department to ensure the company's systems are capable of detecting and reporting suspicious activities.
Maintain a detailed log of all SARs filed, internal reports received, and their outcomes.
Conduct due diligence on new clients and monitor existing client relationships for changes in risk profile.
Review and approve new products or services from an AML/CTF risk perspective.
Prepare and present a quarterly report on AML/CTF activities to the board of directors.
Manage the record-keeping of all AML/CTF documentation in a secure manner.
This job description is non-exhaustive and is subject to regular review with the post holder and amended in line with the needs of the organisation.
Easyterms Ltd. | University Drive – Nassau – Bahamas | 242.603.0200 | www.easypayday.loans