Officer - AML

Al Kuwait, Kuwait Posted 2018/12/23 12:01:58 Unlimited Ref: JB3827921

Job Description

§ Developing and maintaining a thorough understanding of the:

Ø  Requirements of CB regulations related to AML & CFT.

Ø  Requirements of Law 106/2013, its bye-laws.

Ø  Requirements of Ministerial Resolution 5/2014.

Ø  Requirements of Kuwait Financial Intelligence Unit requirements.

Ø  Requirements of CB and Ministry of Social Affairs concerning charities.

Ø  Approved AML & CFT policies and procedures of the bank.

Ø  International standards related to AML & CFT issued by international organization such as FATF/Wolfsburg group and Basel.

Ø  User manual of Swift Sanction Screening or any other equivalent system used by AML Unit.

§ Investigating all suspicious transactions for validity, and report STR if required.

§ Handling all questionnaires and quires received by CBK correspondents and received from Kuwait Intelligence Unit.

§ Provide reports to AML manager on evaluating AML standards of CBK correspondents.

§ Monitoring CBK implementation of CB and the Ministry of Social Affairs instructions related to Charities.

§ Dealing and reporting to AML manager all cases referred to CBK by the Anti-Terrorism local government Committee (resolution 5/2014).

§ Following up to ensure that no services provided to sanctioned persons.

§ Preparing and maintaining tables and statistics for sanctioned persons according to Anti-terrorism local committee decisions.

§ Dealing with all cases alerted by Swift Sanction Screening or any other equivalent system.

§ Conducting the required search for any names provide by business areas of the bank.

§ Dealing with all daily high and moderate risk cases alerted by Siron AML system or any other alternative system used by AML Unit.

§ Following up all cases provided by systems for customers with incomplete CRFs.

§ Drafting and uploading AML related items in both CBK web site and CBK internal site.

§ Periodic revision of CRFs and KYCs form s to ensure inclusion of all required AML/KYC information.


Understanding / exposure of functions directly related to AML & CFT or compliance with regulators instructions


Accounting, Finance, or any other Business related major

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Job Details

Job Location Al Kuwait, Kuwait
Job Role Risk Management
Employment Status Full time
Employment Type Employee
Number of Vacancies 1

Preferred Candidate

Career Level Mid Career
Residence Location Kuwait
Nationality Kuwait
Degree Bachelor's degree

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