- Designation: Founder / CEO
- Company: ICMC
Mr. Lakhani is a financial industry professional who is highly respected for his work in Financial Crime Prevention, Anti-Money Laundering, and Regulatory Compliance. Mr. Lakhani spent his career maintaining the integrity of international financial institutions, and he is well known for his efforts in developing protocols to stop terrorism financing, prevent money laundering, and reveal the hidden methods by which countries and Specially Designated Nationals (SDN) exploit international financial institutions.
Working in financial sector throughout the entirety of his career, Mr. Lakhani developed his compliance expertise by working in Dubai, United Arab Emirates (UAE). Located in the financial heart of the Middle East and North African countries (MENA), Dubai operates as the clearing
house for the region’s international transactions. Unfortunately, those with criminal intent make their best attempts to launder money through Dubai as a means of accessing the financial systems of the international community – and if they are successful, their activities in terrorism financing, the drug trade, and human trafficking persist.
This continual threat forces compliance personnel to rise to the occasion by constantly reformulating their protocols to match the evolving threat. Fortunately, Mr. Lakhani was up to the task. During his career as Acting Manager of Trade and Finance, Mr. Lakhani took a leading role in mitigating these threats by serving as Money Laundering Reporting Officer (MLRO) and Deputy Compliance Officer for the institution he served.
As an MLRO, Mr. Lakhani must be approved directly by the Dubai Financial Services Authority (DSFA). Given this key position, Mr. Lakhani took an active role in spearheading efforts to combat Financial Crime. Three key areas of Mr. Lakhani’s work included his development of protocols to catch suspicious activity and flag potential illegal transactions; directing 3rd-party vendors to develop software solutions that aligned themselves with key indicators; and – most importantly
– Mr. Lakhani was tasked with writing and maintaining Anti-Money Laundering (AML) and Counter Terrorism Financing (CTF) manuals and training programs.
As Founder / CEO of ICMC, Mr. Lakhani’s mission is to ensure that U.S. banking and financial systems are not compromised, and he has the expertise to create protocols and training systems to defend against the threat. Most importantly, Mr. Lakhani brings his years of experience as an MLRO and Deputy Compliance Officer in one of the world’s most active financial markets.