Jennifer Granholm Heads Deutsche Bank Compliance Operations in UAE

Finance Magnates has learned that the compliance veteran Jennifer Granholm, whose previous experience includes senior roles at ADS Securities and Alpari US, has joined Deutsche Bank AG Abu Dhabi in the capacity of Head of Compliance and Money Laundering Reporting Officer (MLRO).

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In her new multi-focused role, Ms. Granholm will be charged with leading the lender’s compliance operations, including the responsibility for management of all aspects of the wider Anti-Money Laundering (AML) Anti-Money Laundering (AML) Anti-money laundering (AML) is a term that describes laws, processes, and regulations that are intended to prevent illegally obtained funds from being disguised as income gained through legitimate means. The fundamental purpose of the AML laws is to help safeguard, detect, and report suspicious activity including the predicate offenses to money laundering and terrorist financing, such as securities fraud and market manipulation.Most exchanges have AML measures that include identity verification Anti-money laundering (AML) is a term that describes laws, processes, and regulations that are intended to prevent illegally obtained funds from being disguised as income gained through legitimate means. The fundamental purpose of the AML laws is to help safeguard, detect, and report suspicious activity including the predicate offenses to money laundering and terrorist financing, such as securities fraud and market manipulation.Most exchanges have AML measures that include identity verification Read this Term) function.

Ms. Granholm arrives at Deutsche Bank after a less than one-year tenure as Regulatory and Compliance Officer at the international law company Clyde & Co, based in the UAE. Prior to joining Clyde & Co, Jennifer spent more than two years at ADS Securities, the Abu Dhabi-based and owned international financial services firm, where she served in a similar role as Compliance Manager & Money Laundering Reporting Officer.

Ms. Granholm has been a mainstay at Alpari US since 2009. During her long tenure with the retail broker, she served in a number of senior roles, including most recently as its Chief Compliance Officer & AML Compliance Officer until she left in March 2013. Prior to this position she worked for two years as‎ Compliance Manager & AML Compliance Officer.

According to information made public on her Linkedin profile, Jennifer's experience has been with broker dealers in the OTC and physical commodities markets. In addition, she has influenced amendments to proposed CFTC and NFA regulations by partaking in roundtable discussions with CFTC and NFA to discuss the impact of such proposed regulations on the spot Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term markets.

Ms. Granholm is a graduate of Kean University in Union City. She studied Finance and Economics, graduating in 2007.