AdeKunle Adewetan

• Identifying and mitigating potential risks with comprehensive risk assessments.
• Leading the day-to-day operations of our KYC compliance processes and systems. This includes overseeing onboarding procedures, account management, and ongoing customer due diligence (OCDD) efforts.
• Participating in identifying client trends, typologies, and red flags associated with money laundering, terrorist financing, and suspicious activity. Ensuring timely completion of corrective action plans across the region.
• Executing directives from the Compliance Manager and delving into ad-hoc issues assigned by them while also supporting the manager with departmental initiatives, encompassing both tactical and strategic projects.
• Actively collaborating and sharing knowledge with regional analysts (EU, UK, North America, APAC) and the Global Advisory Team to ensure best practices, identify trending issues, and promote process standardization.

• Successfully maintained all regulatory KYC documentation for clients, ensuring adherence to the bank's guidelines and full compliance with UK and global financial regulations
• Conducted end-to-end / periodic reviews on various low, medium, and high-risk entities including Investment Banks, Trusts, Listed Companies (PLCs), Acceptably Regulated Financial Institutions, Non-Financial Institutions, and SPV’s from various jurisdictions
• Collaborate with cross-functional teams to streamline KYC processes, reducing onboarding timeframes by 50% and enhancing overall operational efficiency
• Assisting in the successful completion of regulatory audits and examinations, maintaining a consistent record of zero compliance breaches
• Ensured accurate recording and meticulous documentation of relevant changes following the completion of KYC checks, maintaining a comprehensive audit trail
• Cultivated and maintained a strong relationship with the MLRO, providing valuable advice on compliance matters and escalating issues to the Head of Compliance when necessary
• Performed PEP, Adverse Media, and Sanctions Screenings in alignment with periodic review processes, and utilized systems such as DDIQ, Dow Jones, and credible public sources
• Conducted EDD procedures, Source of Wealth, and Source of Funds reviews on various entities, on various UBOs or individuals with prominent roles within the organization, and sourced information from companies Annual Reports, Company Website, and Bloomberg
• Discussed and escalated conflicting information from clients such as Commercial registers, AML Policy Documents, Sanctions Questionnaires, and Wolfsberg Questionnaires with senior stakeholders including Relationship Managers (RM), Money Laundering Reporting Officers (MLRO), Sanctions Team, and Quality Control / Assurance
• Updated in-house systems and reviewed Anti-Slavery Policy documents, list of directors, UBOs, and Ownership structures using latest commercial registers and other reliable public sources including Orbis, Bankers Almanac, Dow Jones, Bloomberg, and client’s website information
• Reviewed proof of regulation / proof of listings documents depending on the country of jurisdiction and updated in-house systems
• Successfully implemented robust procedures to manage and facilitate changes in KYC policies and requirements, also effectively monitored and navigated local regulatory requirements, via ensuring operational compliance and seamless delivery of KYC profiles
• My attention to detail and proactive approach have resulted in streamlined processes and minimized risks.

Anti- Money Laundering/Transaction Monitoring - INTERNAL SWITCH

• Served as a key liaison between the client's regional and front offices, managing payment requests that necessitate suspicious activity reporting, ensuring compliance with regulatory requirements
• Completed comprehensive PEP, sanctions and adverse media screenings using applicable protocols.
• Strategically planned and oversaw the impact of current and potential/future Financial Crime policies, ensuring comprehensive oversight and proactive risk management
• Successfully managed both external and internal shared services suppliers for Financial Crime, ensuring efficient and effective collaboration and delivery of services
• Developed, maintained, and embedded robust risk and control environments to mitigate Financial Crime risks throughout the customer lifecycle, including optimizing business processes
• Led the execution and operation of relevant control frameworks, such as Introducers, PEP approvals, and high-risk triggers and escalations (red flags), ensuring adherence to regulatory requirements
• Assisted the Director of Financial Crime Transformation with relevant Financial Crime initiatives, leveraging expertise and providing valuable support
• Filed numerous Suspicious Activity Reports (SARs) with regulatory agencies, fulfilling reporting obligations as required
• Provided subject-matter expertise (SME) support in Financial Crime to the operations teams and business stakeholders, offering valuable guidance and insights
• Collaborated closely with the FCC to address transactions subject to Suspicious Activity Report (SAR) regime, facilitating necessary Defence Against Money Laundering (DAML) filings to the National Crime Agency (NCA)
• Collaborated with Financial Crime Transformation Leadership to develop comprehensive business strategies and approaches, ensuring thorough and systematic evaluation across all Financial Crime areas.

• Achieved thorough identification of all ultimate and possible PEPs for management purposes by conducting comprehensive investigations into ownership and control
• Analyzed complex ownership structures and successfully ensured compliance with CDD/EDD requirements for corporate entities domiciled in the UK and various jurisdictions, including review and investigation of high-risk cases
• Successfully met statutory obligations for monitoring client transactions, promptly reporting any suspicious activity in line with the bank's procedures, and effectively resolved all alerted transactions
• Enhanced the bank's automated surveillance programs to detect potential money laundering transactions, suspicious money movement, potential insider trading, potentially problematic transactions in unlisted low-priced securities, and other areas of potential market manipulation
• Ensured accurate recording and documentation of appropriate changes following the completion of KYC checks
• Developed and maintained strong relationships with MLRO, providing valuable compliance advice and referring issues to the Head of Compliance when necessary
• Approved KYC files with precision and ensured the completeness and accuracy of KYC documentation
• Conducted thorough Know Your Customer (KYC) reviews of client documentation, ensuring strict compliance with AML requirements
• Performed enhanced due diligence on prospective and existing clients, aligning with compliance policies, and meeting regulatory standards effectively
• Skillfully requested key documents from identified UBOs, shareholders, and directors of corporate entities to verify ownership and the nature of their business
• Played a pivotal role in enhancing KYC program by providing comprehensive policy and risk management expertise
• Through closely working with various teams involved in the delivery of plan objectives, ensured the implementation of efficient and compliant KYC processes
• Through my guidance and assistance, we significantly improved the accuracy and effectiveness of KYC profiles.