Proposed AML Requirements - Chief Compliance Officer Certification

Join Global RADAR for a discussion on the proposed regulation 504 – requiring Chief Compliance Officer certification

On December 1, 2015 New York Department of Financial Services released a draft copy of revised regulations for anti-money laundering (AML). New York has cited several large foreign banks with operations in the US with serious violations of existing AML laws. Based on its experience, New York has proposed this regulation which will require:

• An annual certification of compliance with AML laws,
• Enhanced requirements around IT testing of systems used,
• Readability standards for program documentation

Join Global RADAR and Baker Tilly to discuss the new requirements. Baker Tilly is the 12 largest accounting and advisory firm in the US, with 2,700 resources and we have assisted numerous clients with AML issues. Baker Tilly’s team will include Ann Petterson, Senior Manager.

Ann specializes in forensic accounting and investigative matters relating to government investigations, corporate internal investigations, asset tracing, and anti-money laundering compliance projects. Previously, she served as forensic accountant at the Suffolk County District Attorney's Office and as a Special Agent with the Internal Revenue Service’s Criminal Investigation Division in New York City.

As Special Agent, Ann conducted long-term, high-profile investigations of individuals and corporate entities, of allegations including tax evasion and other tax related criminal offenses, mail and wire fraud, embezzlement, stock manipulation, money laundering, political corruption, and identity theft. Ann is a Certified Fraud Examiner (CFE), and a Certified Anti Money Laundering Specialist (CAMS).