Karthikeyan Kanagaraj
Anti Money Laundering Analyst
Toronto
Summary
Certified Anti-Money Laundering Specialist (CAMS) with over 5 years of experience in compliance and client onboarding. Expertise in Anti-Money Laundering (AML), KYC, and regulatory compliance within the life insurance sector. Proven track record in managing customer due diligence (CDD), performing enhanced due diligence (EDD), and identifying and mitigating financial crime risks. Skilled in leading investigations, monitoring client activities, and ensuring timely reporting of suspicious transactions. Strong ability to train teams, streamline processes, and ensure adherence to regulatory standards.
Overview
6
6
years of professional experience
5
5
years of post-secondary education
1
1
Certification
1
1
Language
Work History
Anti-Money Laundering Analyst
TD
Toronto
12.2024 - Current
- Managed risk-based investigations into potentially fraudulent or suspicious activities using transaction monitoring, media scans, and internal reports.
- Ensured the accuracy and completeness of investigative records, maintaining strict compliance with all legal, regulatory, and internal standards.
- Collected and analyzed intelligence from various sources to assess potential threats related to money laundering, terrorist financing, and other criminal activities.
- Compiled detailed reports documenting investigation outcomes and recommendations for further actions, ensuring thorough support for decision-making processes.
- Collaborated with internal teams to ensure investigations were completed within deadlines and escalated appropriately in line with company procedures.
- Adhered to company policies regarding ethical conduct, professional development, and information security.
Risk Analyst
Financial Debt Recovery Limited (FDR)
Toronto, Ontario
10.2023 - 12.2024
- Led KYC remediation initiatives, ensuring the accuracy of client information and full compliance with AML, KYC, EFTR, and FinTRAC regulations.
- Coordinated investigations into fraud cases, identifying suspicious activities, gathering evidence, and verifying client information with supporting KYC documentation.
- Oversaw AML compliance in loan collections and remortgage services, ensuring all processes adhered to regulatory requirements and effectively reducing financial crime risks.
- Partnered with compliance teams to address any potential issues in the collection process, ensuring strict adherence to KYC, EFTR, and FinTRAC standards.
- Conducted thorough audits of KYC records, identifying gaps or missing documentation and ensuring timely resolution in accordance with regulatory requirements.
- Collaborated with compliance and audit teams to ensure KYC files were accurately maintained and fully compliant with both internal policies and industry regulations.
- Contributed to the ongoing evaluation and enhancement of KYC and AML programs, recommending improvements to ensure continuous alignment with changing regulatory requirements.
Account Manager
ICICI Prudential Life Insurance Company Limited
Tamilnadu, India
05.2019 - 01.2023
- Managed the onboarding of prospective and existing clients, ensuring strict adherence to KYC regulations and performing thorough due diligence to verify client information.
- Identified and escalated compliance risks within life insurance products, conducting risk assessments to align with the company’s risk appetite and regulatory standards.
- Oversaw the entire sales cycle for issuing life insurance policies, collaborating with internal teams to ensure accurate and timely policy delivery while maintaining compliance with regulatory guidelines.
- Acted as a subject matter expert on Customer Due Diligence (CDD) practices, providing updates to internal stakeholders and ensuring operational processes met evolving compliance standards.
- Monitored client activities and transactions to identify compliance risks, ensuring effective implementation of KYC processes and conducting risk assessments to maintain the integrity of the client portfolio.
- Partnered with claims and investigation teams to facilitate the settlement of deceased claims, ensuring adherence to KYC, CDD, and regulatory requirements, and timely claims processing.
- Conducted Enhanced Due Diligence (EDD) for high-risk clients, evaluating profiles and escalating concerns to senior management to ensure compliance with AML and KYC regulations.
- Led efforts to monitor and mitigate financial crime risks, ensuring compliance with anti-money laundering (AML) standards and identifying suspicious activities within the life insurance portfolio.
- Provided training to new employees on KYC, CDD, and AML processes, ensuring adherence to regulatory requirements and high standards of compliance.
- Identified suspicious transactions or activities within the portfolio and reported them to relevant authorities, ensuring compliance protocols and regulatory reporting were followed.
- Worked closely with internal teams to review and investigate high-risk transactions, using KYC information and public domain tools to assess legitimacy and recommend appropriate actions.
- Conducted thorough checks for adverse media and information related to entities involved in policy issuance or claims, ensuring compliance with legal and regulatory frameworks.
Education
Master of Business Administration - MBA - Finance And Business Analytics
ICFAI Business School
India 01.2017 - 01.2019
Bachelor of Engineering (B.E.) - automobile engineering
Anna University
India 01.2012 - 01.2015
Skills
Critical thinking, Strong analytical skills, problem solving, time management, multi-tasking skills, knowledge of money laundering red flags, sound knowledge of KYC and Canadian AML regulatory requirements
Transactions Monitoring, Red flags, Know Your Customer, MIS & Reporting, OFAC guidelines, Training/Knowledge Sharing, Risk Analysis, Sanctions countries, AML/CTF Regulatory Compliance (BSA, USA PATRIOT Act, OFAC, FATF, PCMLTFA and FINTRAC),
Certification
Certified Anti-Money Laundering Specialist (CAMLS)
Certification
Certified Anti-Money Laundering Specialist (CAMLS) From ACAMS
Timeline
Anti-Money Laundering Analyst
TD
12.2024 - Current
Risk Analyst
Financial Debt Recovery Limited (FDR)
10.2023 - 12.2024
Account Manager
ICICI Prudential Life Insurance Company Limited
05.2019 - 01.2023
Master of Business Administration - MBA - Finance And Business Analytics
ICFAI Business School
01.2017 - 01.2019
Bachelor of Engineering (B.E.) - automobile engineering
Anna University
01.2012 - 01.2015
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