KEY RESPONSIBILITIES:

• Develop internal policies relating to Anti-Money Laundering and combating the Financing of Terrorism (AML/CFT) and oversee their implementation and day-to-day monitoring
• Report to the Board of Directors/Committee of Board on any material breaches of internal AML/CFT policy and procedures
• Receive Internal Suspicious Transaction Reports (STR) from employees of designated entities and properly evaluate/investigate them
• Prepare annual reports and such other periodic reports as deemed necessary and present to the Board of the Licensee or a committee of the Board
• Prepare and deliver AML/CFT training sessions to the directors, management and relevant staff
• Ensure continued compliance with the requirements of the FIAMLA 2002 and regulations subject to the ongoing oversight of the board of the reporting person and senior management
• Contribute to designing, implementing and maintaining internal compliance manuals, policies, procedures and systems for combating money laundering and terrorism financing
• Undertake day-to-day oversight of the AML/CFT programme
• Responsible for conducting Customer Due Diligence screenings on prospective & existing clients and any other relevant entities/persons prior to their onboarding and thereafter, on an on-going basis
• Using a risk-based approach, conduct File Review of all client files and ensure that they are maintained in accordance with prevailing AML/CFT legislations
• Responsible for communicating compliance updates to the Board of Directors and staff in general. Compliance updates shall mean changes in the Law, compliance standards or any other compliance related matter that pertains to the activities of the designated entities
• Provide guidance and advise the Board of Directors, and staff in general with regards to Compliance matters
• Liaise with the authorities such as the Financial Services Commission (FSC) and other relevant regulatory bodies
• Ensure compliance with the FATCA & CRS Guidance Notes issued by the MRA, and with these two international tax legislations in general
• Act as focal point for all FATCA and CRS matters pertaining to the activities of the Company
• Contribute to digital transformation initiatives