ACE Money Transfer is a UK-based company headquartered in Manchester, United Kingdom. The company is an online remittance service provider for customers out of the UK, Canada, Australia, and the European Union, including Switzerland. The company is a parent company in a group of companies with a diversified portfolio including digital wallet services in the UK and real estate, advertising businesses, and software solutions in Pakistan.
Position Summary:
The Fin-Crime Investigation and Reporting Officer is responsible for identifying, reviewing, and reporting suspicious activity in compliance with anti-money laundering (AML) and financial crime prevention regulations. This role involves the preparation and submission of Suspicious Activity Reports (SARs) to the Financial Investigation Unit (FIU) and responding to internal SARs submitted by business units.
Job Responsibilities:
Identify and investigate suspicious transactions and activities across the organization.
Receive, review, and respond to internal SARs submitted by business units and departments. Conduct initial investigations of internal SARs and escalate cases as necessary to relevant teams.
Provide guidance and recommendations to internal stakeholders regarding the submission of SARs based on internal investigation findings.
Prepare and submit Suspicious Activity Reports (SARs) to the Financial Investigation Unit (FIU) in a timely and accurate manner.
Support the FIU with any additional information or clarification needed regarding submitted SARs.
Ensure SAR submissions comply with relevant regulations, including anti-money laundering (AML) and counter-terrorist financing (CTF) laws.
Maintain proper documentation and records of all SAR submissions for audit and regulatory purposes.
Stay up to date with regulatory changes, trends in financial crime, and best practices related to SAR reporting.
Prepare regular reports on SAR activity for senior management and internal stakeholders.
Perform other tasks and duties as assigned by senior management to support the organization's financial crime prevention and compliance efforts.
Requirements:
Bachelor’s degree in Finance, Business, Law, or a related field.
Previous experience in a similar role is preferred.
Strong attention to detail to ensure accuracy and thoroughness in all tasks.
Excellent problem-solving abilities to identify issues and develop effective solutions.
Excellent communication skills and proven ability to work in a team.