Nachiketh Deshpande
Dublin
Summary
Dynamic and results-driven Compliance Professional with over 8 years of extensive expertise in AML/CFT, Risk and Compliance. Proven track record in financial crime/ mitigation of AML/CFT risks through investigation and streamlining procedures, ensuring the organization is largely compliant. Targeting an assignment with a growing organization. Passionate for KYC, Client - Boarding, Transaction Monitoring, Proficiency in drafting STR/SAR, Sanctions/PEP Screening, CDD, EDD, Regulatory Compliance, Crypto Compliance/Digital assets/Cryptocurrency, DeFi, NFT and Metaverseproject. Adept at building high-performing teams and fostering positive workplace cultures
Overview
12
12
years of professional experience
1
1
Certification
Work History
Compliance Officer
DAMAC Properties Co. LLC
12.2022 - 08.2023
- Developed and implemented AML/CFT frameworks, aligning with the Central Bank of United Arab Emirates sidelong with the global regulatory norms, RERA, and FATF standards.
- Spearheaded enterprise-wide AML risk assessments and mitigation, by evaluating customer types, regions, and transaction volumes.
- Implemented a dynamic risk scoring model, reducing potential compliance breaches by 30%.
- Led AML compliance as AMLO, achieving 100% regulatory reporting adherence, coordinating with authorities, and streamlining inter-departmental compliance processes to enhance organizational risk management by 20%.
- Orchestrated Customer onboarding, compliance standards, and controls strategy for company-level strategic initiatives that balance risk mitigation with user experience
- Championed and delivered AML compliance awareness and refresher training for cross-functional teams, by maintaining training records, achieving a 95% compliance awareness rate through quarterly refresher sessions and interactive learning initiatives.
- Track and resolve compliance issues, management reports, and implement initiatives to address risks while embedding sustainable compliance practices.
- Collaborated with cross-functional stakeholders such as Finance and Sales on Payments, Financial Crimes Policy, Product, Risk, and Operations to access, identify, and build effective programs and controls.
- Review and sign off anti-money laundering / PEP and Sanctions checks on DAMAC’s clients and, where applicable, on other DAMAC companies carrying out contractual activities in the MENA region.
Compliance Officer
Encryptus
10.2021 - 06.2022
- Introduced and sustained a global AML framework, policies and guidelines, Sanctions Policy, Risk assessment & Procedures in line with regulatory requirements.
- Conducted Coin Monitoring/Transaction monitoring with rigor analysis on Volumes and risk Indicators based on severity such as High, Medium, and Low categorized as Sanctions, Scam, Gambling Services, Investment Schemes, P2P Crypto Marketplace, Ponzi Scheme, Mixers, and tumblers.
- Steered Behavioral Signatures on Transaction monitoring based on the severity is investigated with enhanced due diligence on Graphton, Mass Registration, Coin Join Transaction, and Peeling Chain along with the WEB screening on the negative media
- Name/Sanctions screening with NameScan.io/ World check is being steered when a client is on board.
- Wallet addresses are being screened as a second line of defense by inducing TRM labs, to ensure the coins onboarded along with the customer are clean as against tainted.
- Spearheaded the functions for KYC, Client Onboarding, Transaction Monitoring, Sanctions & PEP screening, and Transactional AML & CTF Risk Management.
- Mastered enhanced due diligence (EDD) reviews on high-risk customers and AML/CTF investigations as appropriate
- Regulated proper documentation of compliance-related reports including Suspicious Transaction Report (STR) /SAR and regulatory reporting.
- Supervised AML Awareness and Training, imparted to all the employees and relevant management including Board members.
Compliance Manager
National Exchange Company, P.J.S.C
07.2021 - 09.2021
- Accomplished internal compliance policies and procedures framework of the company
- Reviewed changes in the local regulations of DNFBPs and money service businesses for the legal framework
- Strengthened KYC for onboarding new clients, adverse information on bribery, corruption & fraud with bad debts, PEP is analyzed and screened with World Check and Sanctions screening with watchlist such as OFAC, EU, UN, Local terror list.
Compliance Specialist
Al Ansari Exchange
02.2020 - 03.2021
- Proficiency in drafting the STR/SAR in line with the Central Bank of UAE, identifying adverse media information on AML & CFT. Rigor analysis based on the Transaction Monitoring rules with multiple products for suspicious activity is programmed.
- Consolidated a wide range of data gathering, evidence, and analysis; identifying any AML-related risks, deviations, or deficiencies in the KYC or customer information/ suspicious transactions and report to senior management/ manager compliance carry further investigation and necessary actions to perform public domain searches on the individual client or company to eliminate and identify the risk of PEP's
- Handled due diligence on persons, accounts, or activities by AML regulations, including high-risk countries/jurisdictions and entities, OFAC sanction entities/individuals, politically exposed people, Sanctions screening watch list entities, and money services
Team Leader
J P Morgan Chase & Co
02.2016 - 11.2016
- Playing a vital role in account opening when a new client is onboarded.
- Organized Review, analyze, and verify client onboarding documents
- Supervised due diligence and risk assessments on new clients
Production Lead
Australia and New Zealand Banking Group
10.2011 - 01.2016
- Responsible for conducting enhanced, in-depth, specialized investigations of complex AML, fraud, and/or financial criminal issues. Thoroughly scrutinizing documents like account opening forms, trade licenses, passports, visas, memorandums, share certificates, and all other information provided by the customer & available in the bank's data.
- Undertaking customer due diligence on individuals and corporate clients, reviewing transactions, completing PEP and sanctions screening, etc. Undertaking enhanced due diligence checks based on information received from internal (compliance department, transaction monitoring personnel) and external sources (regulatory bodies, law enforcement).
- Coordinating the filing of SARs with AUSTRAC. Working closely with Group list management and Exit team listing the customer and exiting the customer.
Education
MBA - General Studies
Dublin Business School
Dublin, Ireland11-2024
Post Graduate Diploma in Management - International Finance And International Business
Nitte School Of Management
Bangalore, India09-2011
Skills
- AML, KYC, Sanctions, CDD, EDD
- Enterprise Risk Management
- Policy Design & Enterprise Risk Assessment
- Audit management
- Training and development
- Data privacy, Business writing
- Federal and state regulations
- Global Regulatory Compliance
- Attention to detail
- Mitigation Strategies
- Strategic thinking
- Collaborative Problem Solving
Certification
- Certified Anti-Money Laundering Specialist (CAMS)
- Manchester CF FIU Connect: Crypto assets
- ICA: Demystifying Cryptocurrencies
- FinTech Law and Policy (Duke University)
- NSE certified Capital Market Professional.
- PGDM in International Finance & International Business (2011)- Nitte School of Management
Languages
English
Native language
English
Proficient
C2
Timeline
Compliance Officer
DAMAC Properties Co. LLC
12.2022 - 08.2023
Compliance Officer
Encryptus
10.2021 - 06.2022
Compliance Manager
National Exchange Company, P.J.S.C
07.2021 - 09.2021
Compliance Specialist
Al Ansari Exchange
02.2020 - 03.2021
Team Leader
J P Morgan Chase & Co
02.2016 - 11.2016
Production Lead
Australia and New Zealand Banking Group
10.2011 - 01.2016
- Certified Anti-Money Laundering Specialist (CAMS)
- Manchester CF FIU Connect: Crypto assets
- ICA: Demystifying Cryptocurrencies
- FinTech Law and Policy (Duke University)
- NSE certified Capital Market Professional.
- PGDM in International Finance & International Business (2011)- Nitte School of Management
MBA - General Studies
Dublin Business School
Post Graduate Diploma in Management - International Finance And International Business
Nitte School Of Management
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