IYAD MAHMOUD ALODEH, CAMS
Senior Compliance Consultant at AKW Consultants- Claim this Profile
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Bio
Credentials
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Certified Anti-Money Laundering Specialist (CAMLS)
ACAMSNov, 2022- Oct, 2024
Experience
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AKW Consultants
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United Arab Emirates
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Financial Services
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1 - 100 Employee
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Senior Compliance Consultant
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Jan 2023 - Present
Performing continuous proper risk-based assessment for all prospective & current clients using well-designed & detailed client risk matrix as a part of risk assessment process depending on several internal & external, financial & non-financial factors. Building an AML Framework for the business and afterward assisting it in adhering to the established policies and procedures which assisting businesses (DNFBPs) in adhering to the pertinent UAE AML Regulations. Performing KYC/ CDD & EDD with proper verification for all new & existing corporate clients, its shareholders, authorized signatories and senior managers as required by local laws and regulations. Performing sanctions & PEP screening on the corporate clients, its shareholders, authorized signatories and senior management periodically using Refinitive world-check tool, prior the establishment of any kind of business relationship with the client and prior making any international trade transaction. Filing STR when establishing a reasonable cause to do so to UAE central bank's FIU, (weighing the mitigating factors against the aggravating factors before the decision of filing an STR is made). Assisting businesses to create ethical supply chains for metals and minerals and working on several supply Chain process reviews in line with the OECD Guidelines for Gold & Precious Metals sector companies performing thorough due diligence & continuous monitoring of the client’s suppliers & supplier’s suppliers. The scope of reviews includes aspects such as health & safety, labor, ethics, & environmental compliance. Identifying the ultimate beneficial owner for all corporate clients and creating a clear ownership structure. Performing internal quality assurance reviews on all daily & previous transactions from an audit point-of-view to ensure the completeness, validity of trade documents and to check if there's any red flags need to be investigated and reported. Show less
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Business Accountant
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Aug 2021 - Aug 2022
Report on the company’s financial health and liquidity. Audit financial transactions and documents. Manage balance sheets and profit/ loss statements. Ensure timely bank payments. Reconcile account payable and receivable. Reconciling the company’s bank statements and bookkeeping ledgers. Publish financial statements in time. Prepare budget forecast. Handle monthly, quarterly and annual closings. Tracking payments to internal and external stakeholders. Processing tax payments and returns. Comply with financial policies and regulations. Manage all financial transactions. Prepare asset, liability, and capital account entries by compiling and analyzing account information Reinforce financial data confidentiality and conduct database backups when necessary. Experience with general ledger functions and the month-end/year-end close process. Assisting management in the decision-making process by preparing budgets and financial forecasts. Advanced MS Excel skills. Show less
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Al Ansari Exchange
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United Arab Emirates
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Financial Services
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700 & Above Employee
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Bank Teller
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May 2019 - Jul 2021
Performing KYC / CDD measures on new customers with proper verification using reliable documentary and/ or non-documentary sources as a form of risk assessment. Performing PEP & sanctions screening on customers and transactions against periodically updated local and international sanctions lists (SDN by OFAC). Identify the authorized signatories and business partners when conducting business with legal arrangements and Perform EDD on entities & individuals when necessary (on higher risk customers). Establishing membership for companies and knowing the required formalities so that they can conduct their financial transactions which includes sending money by cash or checks. Checking the completeness, veracity, and validity of business transactions documents (bill of lading, sale contract, and invoice for the goods purchased/ or sold) as per laws and regulations. Aware of all the red flags related to customer behavior that may indicate a suspicions. Aware of all teller-specific money laundering schemes & methods related to MSBs (structuring, smurfing, recurring EFTs between originator and beneficiary etc). Fully aware of UAE central bank rules, reporting requirements and thresholds. Escalating issues internally to line manager or AML-unit when suspecting a customer, transaction or any unexplained anomalies. Contacting customers for further information regarding a suspected transaction without risking tipping-off when required by AML unit, good communication skills & abilities. Although not involved in SAR/ STR/ CTR filing, had in-depth orientation for automatic & manual SAR/ STR/ CTR filing using (Suptech GoAML) software as per local laws and regulations. Accurately maintained records of each transaction and ensured all documentation & paperwork is in place and within compliance policy, summarize findings efficiently. Cash handling with efficiency and accuracy in large sums. Process tax payments, remittances, and many other financial transactions for customers. Show less
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Education
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2014 - 2018
جامعة العين للعلوم والتكنولوجيا
bachelor of finance and banking, business administration
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