Gulf Bank - Kuwait - Job Purpose Comments To implement and operate AML policies, procedures and processes and investigate variations and violations. Job Accountabilities Business Specific Comments 1. Compliance with external AML regulations Update GB policies to reflect AML regulations of CBK and other regulatory bodies Update manuals, intranet etc. to ensure policies are communicated Respond to initial queries re regulations 2. Implementation of AML policies Implement AML policies across departments through training, audits etc. Carry out risk assessment, review and control programs 3. AML monitoring Monitor transactions and operate monitoring programs Maintain and update sanctions / enforcement lists Receive and process Internal Suspicious Transaction Reports Identify violations and filter these to ensure only most serious are escalated to Manager 4. Reporting Produce Suspicious Transaction Reports for local AML authorities Draft external correspondence e.g. correspondent ban...
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