Money Laundering Reporting Officer
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Key skills for this role
About the Role
Key Responsibilities Develop, implement, and maintain AML/CFT policies, procedures, and controls tailored to virtual asset activities (e.g., transaction monitoring, wallet servi.
Key Skills for This Role
Responsibilities
- Develop, implement, and maintain AML/CFT policies, procedures, and controls tailored to virtual asset activities
- Conduct and update enterprise wide and client specific AML/CFT risk assessments
- Perform Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and ongoing monitoring for clients
- Monitor transactions for suspicious activity, investigate alerts, and prepare/file STRs via goAML
- Ensure compliance with sanctions screening, targeted financial sanctions, and FATF Travel Rule
- Deliver AML/CFT training to staff, management, and the Board
- Prepare and present regular reports to the Board on AML program effectiveness
- Act as point of contact for VARA, UAE FIU, and other authorities on AML/CFT matters
- Maintain accurate records for at least 8 years and support internal/external audits
- Stay updated on evolving VA specific risks and recommend improvements
Requirements
- Minimum 2 years of relevant experience in AML/CFT compliance
- Bachelor's degree in Law, Finance, Business, Compliance, or related field
- Solid understanding of UAE AML/CFT laws, FATF standards, and VARA regulations
- Familiarity with transaction monitoring tools, KYC/CDD processes, sanctions screening, and goAML reporting
- Basic knowledge of blockchain, cryptocurrencies, wallets, and VA transfer risks preferred
- Strong analytical, investigative, and reporting skills
- Excellent communication skills
- UAE residency or eligibility to obtain it preferred
- Fit and Proper Person status (clean record and integrity required)
Full Job Posting
Key Responsibilities
- Develop, implement, and maintain AML/CFT policies, procedures, and controls tailored to virtual asset activities (e.g., transaction monitoring, wallet services, Travel Rule compliance).
- Conduct and update enterprise wide and client specific AML/CFT risk assessments on a regular basis.
- Perform Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and ongoing monitoring for clients.
- Monitor transactions for suspicious activity, investigate alerts, and prepare/file Suspicious Transaction Reports (STRs / AML CFT Reports) via goAML to the UAE FIU.
- Ensure compliance with sanctions screening, targeted financial sanctions, and the FATF Travel Rule.
- Deliver AML/CFT training to staff, management, and the Board.
- Prepare and present regular reports (e.g., quarterly/semi annual) to the Board on AML program effectiveness, risks, deficiencies, and remediation plans.
- Act as point of contact for VARA, UAE FIU, and other authorities on AML/CFT matters.
- Maintain accurate records for at least 8 years and support internal/external audits.
- Stay updated on evolving VA specific risks (e.g., blockchain patterns, anonymity enhancing tools) and recommend improvements.
Qualifications & Experience
- Minimum 2 years of relevant experience in AML/CFT compliance (essential per VARA requirements) ideally in banking, fintech, payment services, crypto/virtual assets, or regulated financial institutions.
- Bachelor's degree in Law, Finance, Business, Compliance, or related field (AML/CFT certifications like CAMS, ICA, or equivalent highly desirable).
- Solid understanding of UAE AML/CFT laws, FATF standards, and VARA regulations (or willingness to quickly master them).
- Familiarity with transaction monitoring tools, KYC/CDD processes, sanctions screening, and goAML reporting is a plus.
- Basic knowledge of blockchain, cryptocurrencies, wallets, and VA transfer risks preferred but not required.
- Strong analytical, investigative, and reporting skills.
- Excellent communication and ability to explain complex compliance concepts to non experts.
- UAE residency or eligibility to obtain it preferred (for ease of regulatory interactions).
- Fit and Proper Person status (VARA will assess; clean record and integrity required).
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