The proximity between human trafficking and money laundering means that financial institutions play a crucial part in its detection and prevention. However, many banks lack confidence in their systems' abilities to identify human trafficking amongst transactions.
How can financial institutions educate themselves...
Mr. Rajwani is currently the SVP, Chief Operating Officer at Scotiabank, leading the bank’s Financial Crime remediation activities including transaction monitoring, screening, investigations and intelligence activities. Mr. Rajwani also has global responsibility for AML Threat Intelligence, as well as the Strategic Planning, Project Management Office and the AML Solution Delivery.
Mr. Rajwani was previously the AML Advisor at various Fintech firms and Major Financial Institutions. Prior to that was he was the Global Head of Financial Crime Investigations and Intelligence, the Global Head of Financial Crime Technology Strategy, and the UK Money Laundering Reporting Officer at Deutsche Bank. In this role Mr. Rajwani was also responsible for the AML remediation program in response to regulatory actions as well as major client investigations.
Mr. Rajwani was the Chief Anti-Money Laundering for the RBC Financial Group (RBC), where he oversaw the design, implementation and the day to day management of the Anti Money Laundering, Sanctions, Anti Bribery and Corruption and High Risk Client Management) Programs for more than 15 years. In addition, he was responsible for the AML Compliance, Investigations and Data Science teams globally.
Mr. Rajwani has 40 years of risk management, compliance, audit and financial accounting experience. Mr. Rajwani was also a member of the Advisory Council on National Security for the Office of the Prime Minister of Canada between 2009 and 2012. He created and the Co-Chaired the Canadian Chapter of the Association of Certified Anti Money Specialists (ACAMS) and is a member of the Advisory Board of ACAMS, The Knoble and the Anti Human Trafficking Intelligence Initiative.
In addition to his risk management experience, Mr. Rajwani is a Chartered Accountant both in Canada as well as the UK and has worked for various Financial Institutions, Chartered Accounting and Management Consulting firms. In these roles, he has overseen the implementation of a number of enterprise-wide risk management and compliance initiatives.