We are a Singapore-based Internet Payment Gateway provider start-up. Founded by a group of financial payment experts. Red Dot Payment is incorporated inSingapore and is managed by a team who has led Fortune 500 Multi-National Companies. We have a regional setup and offices in South East Asia.
We provide high quality, secure and comprehensive remote payment processing solutions for businesses of all types and sizes in the global arena. Our goal is to provide a secure and reliable processing gateway for all face-to-face and non face-to-face sales channels. We enable merchants and financial institutions to provide complete end-to-end payment options for their customers worldwide to pay in different currencies seamlessly, swiftly and securely with our scalable solutions.
The intern will be working within the Finance team in daily activities and operations:
1) Accounting:
- Migration of existing customer’s details into the new accounting system
- Conversion of the Thai invoices from USD to THB
2) AML:
- Assess AML national risks and business category risks
- Review each client’s websites for risk indicators:
- Assess for change of business scope
- Assess to ensure website is reasonably maintained to conduct proper commercial transactions
- Perform an analysis of each client’s transaction profile to identify any risk indicators such as cardholder concentration, profile and exceptional transaction amounts
- Update risk rating for each client
- For clients with high risks, work with relevant Account Managers to obtain updated ACRA/Regulatory business profiles, and discuss change of business scope, website maintenance and any unusual transaction profile as part of KYC update.
- For clients with high risks, assess the client and the client’s directors and owners against an AML sanctions list.
- Update finding and conclusion for each client. Consider making a suspicious transaction report or account suspension.
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- Company:
Red Dot Payment Pte Ltd - Designation:
Finance Intern - Profession:
Accounting / Auditing / Taxation - Industry:
Finance