Stalin Lakshmanan

Results-driven financial crime professional with 15+ years of progressive experience across AML, Fraud Monitoring, Trade-Based Money Laundering (TBML), and KYC compliance. Demonstrated expertise in investigating complex fraud cases — including ATM, POS, ECOM, IMPS, and UPI frauds — alongside robust AML transaction monitoring and suspicious activity reporting. Proven ability to manage regulatory deliverables, lead cross-functional teams, and drive end-to-end compliance operations aligned with RBI, FATF, OFAC, and global AML frameworks.

IIBF-certified with a strong track record of quality STR filings recognised by FIU-IND.

Trade-Based Money Laundering (TBML) | Compliance • Manager - IndusInd Bank Ltd

(2022-09)

• Investigate and evaluate large corporates, SMEs, partnership and sole proprietor firm accounts from AML, Sanctions, and Fraud perspectives, including IMB result reviews and document manipulation checks.
• Review and manage daily alerts triggered in Clari5 system across multiple rule-based scenarios; conduct analysis on alert counts and distribute to team members ensuring AML-compliant conclusions.
• Perform quality audits on closed 'no-suspicion' alerts using advance search reports; carry out Deep Web Search for alerts requiring Suspicious Transaction Report (STR) filing.
• File STRs with Ground of Suspicion (GOS) documentation for Principal Officer approval; identify transaction patterns, related accounts, GSTIN/IEC checks, and inward/outward remittance volumes to substantiate red flags.
• Handle Watch List Name Screening for all inward/outward remittances of ADII players against global (FATF, OFAC, US Treasury) and local regulations; analyse Depository Participant accounts for suspicious stock market activity.
• Prepare Media De-Dupe reports using the Intelligent Banking tool to identify customers matching negative and adverse media lists; conduct real-time trade remittance approvals.
• Coordinate with Business, Product, Operations, and Technology teams on regulatory deliverables.

Fraud Monitoring (Lead) & AML-KYC • Assistant Manager - DBS Bank Ltd

(2016-10 - 2022-08)

• Led end-to-end fraud monitoring operations covering ATM, POS, ECOM, IMPS, and UPI fraud channels daily; performed overall quality checks on alerts closed in NPCI-EFRM to identify successful and unsuccessful fraudulent transactions.
• Managed VRM Visa alert closures daily — validated positive hits against correct scenarios, determined whether card compromise was customer-initiated, and coordinated with backend support teams for resolution.
• Filed Cyber Fraud Incident Reports (CFIRs) for all successful and attempted fraud cases within prescribed timelines; submitted comprehensive fraud reports to top management.
• Prepared Fraud Monitoring Returns (FMR) 1, 3, and 4 for Central Fraud Registry name matching; actioned new matched parties and updated IBA TPA Caution List with perpetrator details including name, address, identity documents, modus operandi, product type, fraud nature, amount involved, and provision checks.
• Monitored employee accounts from a fraud perspective, identifying misconduct and policy breaches; escalated findings directly to management.
• Supervised a 5-member team: assigned fraud and AML alerts based on risk scenarios, tracked closure rates, and maintained quality standards across all case investigations.
• Identified suspicious transactions from alerts generated in Infrasoft Technology AML software; investigated unusual activities across customer and employee accounts, ensuring timely STR filings aligned with regulatory standards.
• Conducted name search and disambiguation of negative media hits to ensure timely closure; recommended Re-EDD, Field Verification, MCA checks, and Re-KYC based on suspicious client account activity.
• Performed KYC renewals and initiated Re-KYC processes based on account risk classification and changes in transaction frequency or behaviour patterns.
• Ensured all alerts were closed with proper comments; performed random daily quality checks on closed AML alerts and identified discrepancies through backend report extraction.
• Reviewed FATF notifications and advisories periodically; updated Caution Lists and Internal Monitoring/Negative Lists in line with regulatory requirements.

Client Due Diligence (CDD) • Associate Manager - Scope International Pvt Ltd

(2016-03 - 2016-08)

• Conducted AML and KYC checks on new and existing institutional clients for UAE-based corporate accounts; screened adverse media using World Check, BOWB, and NORKOM.
• Performed Enhanced Due Diligence (EDD) for high-risk clients using World Check and primary sources including Chamber of Commerce records from various UAE regions.
• Liaised with compliance teams, Relationship Managers, and senior management on documentation requirements; coordinated team delivery within TAT to maximise client satisfaction.

Anti-Money Laundering & KYC • Compliance Officer - RAK Bank, Dubai, UAE - Dubai, UAE

(2015-02 - 2016-01)

• Verified and approved account opening mandates; investigated inward and outward TT return queries by cross-referencing invoices and coordinating with RMs and customers.
• Performed due diligence on AMLOCK and SAS system alerts for transactions crossing threshold limits; verified World Check outcomes performed by investigators and approved correspondent bank alerts.
• Managed account closures for fraud-related and sanctioned country dealings per bank policy; initiated Re-KYC for accounts with parameter breaches; approved inward remittances within TAT (local TT: 90 mins; FCY TT: 48 hrs).

Reconciliation — Citizens Bank • Executive - Royal Bank of Scotland (RBS)

(2009-07 - 2013-08)

• Reconciled customer and internal accounts covering Bank/Institution Cheques, Electronic Banking (debit card), and ATM deposits on daily, weekly, and monthly cycles; investigated outstanding items to ensure accurate asset and liability recording.
• Prepared procedure documents for different account reconciliation types; supported process re-engineering and efficiency initiatives; maintained MI reports for BCP, HR data, and training records.
• Conducted AYIC testing using standard sampling methodology and provided periodic effectiveness reports to management; identified emerging operational risks and recommended mitigation measures.

Call Centre Executive • Executive - Siemens Information & Processing Systems Ltd

(2007-04 - 2008-03)

• Handled international inbound calls for Barclays Bank, resolving customer queries and processing EMI defaulter charges within TAT.

Bachelor of Business Administration (BBA) - Commerce & Management - A.M. Jain College, Chennai

Higher Secondary Certificate (HSC) - T.T. Arasu Matric. Hr. Sec. School, Chennai