In the light of increasing number of cases relating to bank frauds, the Yes Bank is hiring Chartered Accountants to check such frauds.
Recently, a scam of Rs 13,500 crore was unearthed on state-run Punjab National Bank by accused diamantaire Nirav Modi.
According to the bank, the position would require creating scenarios, alerts, and parameters for ongoing anti-money laundering monitoring of trade finance transactions.
The incumbent would also require to do “review of trade-based money laundering alerts for identification of any suspicious activity and engagement with business, product, operations to establish potential TBML (trade-based money laundering) activity,” it said.
The hired official would also have to file suspicious transaction reports (STR) to the Financial Investigation Unit for suspicious cases, it added.
In the light of increasing number of cases relating to bank frauds, the Yes Bank is hiring Chartered Accountants to check such frauds.
Recently, a scam was unearthed on state-run Punjab National Bank by accused diamantaire Nirav Modi.
According to the bank, the position would require creating scenarios, alerts, and parameters for ongoing anti-money laundering monitoring of trade finance transactions.
The incumbent would also require to do “review of trade-based money laundering alerts for identification of any suspicious activity and engagement with business, product, operations to establish potential TBML (trade-based money laundering) activity,” it said.
The hired official would also have to file suspicious transaction reports (STR) to the Financial Investigation Unit for suspicious cases, it added.
In February last year, the media reported the irregularities happened in Punjab National Bank (PNB) revealing that the Bank has detected a $1.77 billion (about Rs.11,400 crore) wrongdoing where a Jeweller Nirav Modi allegedly acquired fraudulent Letters of Undertaking (LOU) from a branch of PNB in Mumbai to secure overseas credit from other Indian lenders. The CBI has also registered a case against Nirav Modi and others on the basis of the complaint filed by PNB.
Finally, the Fugitive diamantaire Nirav Modi was arrested on Wednesday by Scotland Yard in London.
