Expert Details
Anti-Money Laundering and Counter-Terrorist Financing
ID: 733228
District of Columbia, USA
Expert has performed consulting work in the AML/CFT and banking areas for the International Monetary Fund (IMF) since 1997, traveling to numerous countries in Africa, Asia, Eastern Europe and the former Soviet Union. He has also performed consulting work for the World Bank since 1998 in the banking and deposit insurance areas.
Five annual independent AML audits for a publicly held company; nine AML/CFT assessments of offshore financial centers on behalf of the IMF; and two major compliance projects involving BSA/AML, KYC/CDD, OFAC and other compliance issues.
Attorney, Certified Anti-Money Laundering Specialist (CAMS), and former US banking regulator (FDIC) with substantial expertise in Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance for over 18 years. Expert witness on BSA/AML compliance in 12 civil cases including money laundering and civil forfeiture action on behalf of U.S. Attorney’s Office (SDNY). Participated in two monitorships involving multinational financial institutions (BNP Paribas and AIG) and numerous independent AML audits/reviews.
Education
| Year | Degree | Subject | Institution |
|---|---|---|---|
| Year: 1976 | Degree: JD with Honors | Subject: Law | Institution: The George Washington University Law School |
| Year: 1973 | Degree: BA with Special Honors | Subject: Law | Institution: The George Washington University |
Work History
| Years | Employer | Title | Department |
|---|---|---|---|
| Years: 2006 to Present | Employer: Undisclosed | Title: Attorney and Expert Witness | Department: |
Responsibilities:He has served as an expert witness on money laundering red flags and BSA/AML compliance issues. Most of these cases have involved major banks or broker-dealers. He has also conducted 5 annual reviews for a publicly held MSB. Expert was retained by the financial regulatory of a major offshore financial center to conduct a review of its AML/CFT compliance activities. He has consulted to IMF since 1997. He has consulted to World Bank since 1998 on banking issues in Asia and Eastern Europe.• Testifying or consulting expert on BSA/AML compliance issues in 11 civil cases, most involving Ponzi schemes or other types of fraud, including U.S. v. Prevezon, a money laundering and civil forfeiture case on behalf of the U.S. Attorney’s Office (SDNY). • Participated in BSA/AML compliance project as part of Independent Consultant’s team for BNP Paribas for five-month period ending early 2015. Project involved AML/KYC, trade finance, international banking, and sanctions/OFAC in the U.S. and Europe. • Assisted Bryan Cave law firm in 15-month project as part of AIG monitorship: Reviewed AIG’s BSA/AML compliance functions worldwide; analyzed compliance policies; interviewed compliance officers; and drafted recommendations. • Conducted five consecutive annual AML reviews for a publicly-held MSB and a review for a smaller MSB with offices throughout the Washington, DC area. • Retained by financial regulator of major offshore financial center (OFC) to conduct a review of its AML/CFT compliance activities as well as those of the regulated sector. • Consultant to IMF since 1997, including participation in nine AML/CFT assessments of OFCs including Saint Vincent, Bermuda, Jersey, and Guernsey; draft legislation on AML/CFT and banking regulation for numerous countries. • Consultant to World Bank since 1998 on banking issues in Asia and Eastern Europe. |
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| Years | Employer | Title | Department |
| Years: 2005 to 2006 | Employer: KALORAMA PARTNERS | Title: Managing Director | Department: |
Responsibilities:Expert advised financial services firms on their compliance issues. He also consulted to the firm to review compliance programs for a broker-dealer to ensure NYSE and NASD requirements consistency.• Advised financial services firms on compliance issues as a member of strategic consulting firm headed by former SEC Chairman Harvey Pitt. • Consultant to Kalorama on review of compliance program for broker-dealer to ensure consistency with NYSE and NASD requirements, October 2005. |
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| Years | Employer | Title | Department |
| Years: 1997 to 2005 | Employer: International Monetary Fund | Title: Consulting Counsel | Department: Legal Department |
Responsibilities:He offered full-time expert insight on AML/CFT from 2000-05. Prior to this time, Expert served as a Legal Consultant (project basis) on banking laws (1997-2000). |
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| Years | Employer | Title | Department |
| Years: 1994 to 2000 | Employer: Self Employed | Title: Attorney | Department: |
Responsibilities:Expert specialized in bank transaction and regulatory matters. Clients included a major commercial bank, a Fortune 50 industrial corporation, and an S&L holding company.• Specialized in bank regulatory and transaction matters for clients such as a Fortune 50 industrial corporation, a major commercial bank, and an S&L holding company. • Reviewed US government agency proposal for compliance and OFAC program. • Consultant to World Bank on banking issues; missions to Philippines and Turkey. |
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| Years | Employer | Title | Department |
| Years: 1991 to 1994 | Employer: Jones Day | Title: Of Counsel | Department: |
Responsibilities:Expert specialized in bank M&A and regulatory issues. Examples of his work include the representation of a money-center bank in a successful bid on an FDIC-controlled insolvent bank. He also testified before the RTC Oversight Board on open bank assistance.• Specialized in bank mergers and acquisitions and regulatory matters. • Represented a money-center bank in successful bid on an insolvent bank controlled by the FDIC, and a consumer finance firm in licensing an industrial loan company. • Testified on open bank assistance before RTC Oversight Board. |
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| Years | Employer | Title | Department |
| Years: 1986 to 1991 | Employer: FDIC | Title: Counsel and Assistant General Counsel | Department: Legal Department: Assisted Acquisitions |
Responsibilities:Expert created, developed and headed the legal department unit responsible for resolutions. He led a 20-attorney team responsible for drafting and negotiating deal documents. He also hired and supervised external counsel, as well as implemented training.• Created, organized and headed 20-attorney Assisted Acquisitions unit, advised FDIC Chairman and Board, led teams responsible for drafting and negotiating deal documents, hired and supervised outside counsel, and implemented training. • Responsible for the legal work on resolutions of major insolvent banks during US banking crisis, including open bank assistance and bridge bank transactions for virtually every major bank failure during that period. |
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| Years | Employer | Title | Department |
| Years: 1976 to 1986 | Employer: Expert-Import Bank of the U.S. | Title: Counsel | Department: |
Responsibilities:Expert was the lead attorney on a $1.5 billion emergency trade credit facility for Brazil. He also drafted and negotiated a large number of guarantee, loan and insurance transactions.• Drafted and negotiated numerous loan, guarantee, and insurance transactions. • Lead attorney on a $1.5 billion emergency trade credit facility for Brazil, at that time the largest commitment ever authorized by the Export-Import Bank. • Traveled to Nigeria, Ivory Coast, Senegal, Ecuador, and Bolivia to assess projects. |
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Career Accomplishments
| Associations / Societies |
|---|
| Founding board member, U.S. Capital Chapter of Association of Certified Anti-Money Laundering Specialists (ACAMS) - Advisor to Board |
| Licenses / Certifications |
|---|
| CERTIFICATIONS, MEMBERSHIPS & AFFILIATIONS • Certified Anti-Money Laundering Specialist (CAMS) • Certified CAMS Trainer • AV Preeminent rating by Martindale-Hubbell Law Directory (highest rating). • Founding board member, US Capital Chapter of Association of Certified Anti-Money Laundering Specialists (ACAMS); Advisor to Board • Co-chaired American Bar Association International AML Committee • International Editorial Board, Journal of Banking Regulation (London) • District of Columbia Bar Association • Adjunct Professor of Law, Senior Fellow of Financial Integrity Institute, and Member, Professional Advisory Committee, Executive M.A. in Financial Integrity Program, Case Western Reserve University School of Law • Senior Adviser, Allsec Technologies, Irving, TX |
| Professional Appointments |
|---|
| * Member, Professional Advisory Committee, Case Western Reserve University Executive M.A. in Financial Integrity * Appointed as Adjunct Professor of Law for M.A. program and Senior Fellow of Financial Integrity Institute, as of January 2016 * International Editorial Board, Journal of Banking Regulation (London), 2004 - present * Co-chaired American Bar Association International AML Committee, 2008 – 2011. * International Editorial Board, Journal of Banking Regulation (London), 2004 – present * District of Columbia Bar Association, 1976 – present. Served on Membership Benefits Committee, 1995 – 2001 (Best Bar Committee Award) * Senior Adviser, Allsec Technologies, Irving, TX, 2017 - present |
| Awards / Recognition |
|---|
| • Certified Anti-Money Laundering Specialist (CAMS) • Certified CAMS Trainer • AV Preeminent rating by Martindale-Hubbell Law Directory (highest rating). |
| Publications and Patents Summary |
|---|
| Expert has numerous publications and has been an invited speaker at a large number of conferences, seminars and proceedings throughout the world. Publications: 19 |
Additional Experience
| Expert Witness Experience |
|---|
| Testifying or consulting expert in 12 civil cases, most involving fraud such as Ponzi schemes. One appearance at a state court hearing on fees. Three depositions. Six expert reports. |
| Training / Seminars |
|---|
| Training: Organized, moderated and/or spoke at numerous legislative drafting workshops for government officials on implementing AML/CFT standards. See curriculum vitae for 20+ page list of speaking engagements. |
| Other Relevant Experience |
|---|
| Legislative drafting: Drafted laws on AML/CFT and banking for numerous countries on behalf of IMF and World Bank since 1997. |