Expert Topic
Anti-Money Laundering - Banks
Money laundering is the criminal practice of processing ill-gotten gains, or “dirty” money, through a series of transactions.
In this way, the funds are “cleaned” so that they appear to be proceeds from legal activities.
Federal and state laws require banks and depository institutions to maintain controls aimed at preventing criminals from engaging in money laundering and terrorist financing.
AML compliance is built on "four pillars": Establishing internal controls, designating a compliance officer, conducting independent testing and establish a training program.
In this way, the funds are “cleaned” so that they appear to be proceeds from legal activities.
Federal and state laws require banks and depository institutions to maintain controls aimed at preventing criminals from engaging in money laundering and terrorist financing.
AML compliance is built on "four pillars": Establishing internal controls, designating a compliance officer, conducting independent testing and establish a training program.
Meet the
Expert
About Connie
- 35 years of government and private sector experience in law enforcement, regulatory and management expertise in the areas of regulatory compliance, financial crimes and customs violations
- Expertise includes independent reviews and investigations, threat/risk assessments, domestic and international training, expert testimony and anti-money laundering program development
- Former Deputy Director, Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury
- Former Executive Director of Operations, Director of Financial Investigations, Group Supervisor, and Special Agent for the U.S. Customs Services
Experience
President
•
AML Experts, Inc.
Jul, 2003
—
Present
- Anti-Money Laundering (AML) consulting for financial and non-financial businesses regulated by the USA PATRIOT Act, the Bank Secrecy Act (BSA), Financial Action Task Force (FATF), OFAC and related international regulations.
- Conducts complex examinations, investigations and risk assessments.
- Provides litigation support and testifies as an expert witness in AML-related civil and criminal cases.
- Trains Certified Money Laundering Specialists on all AML topics.
- Clients include major international money transfer, internet transfer, and mobile payment companies, banks, check cashers and various financial companies
Deputy Director
•
U.S. Department of the Treasury
Jul, 1999
—
Jul, 2003
- Deputy Director, Operations and the Executive Assistant Director of Law Enforcement Policy for the Financial Crimes Enforcement Network (FinCEN).
- Oversaw the operating programs and regulatory policies of FinCEN and was responsible for ensuring that FinCEN’s programs and policies effectively supported federal, state, and local law enforcement investigations and initiatives.
- Led FinCEN’s effort to administer the recordkeeping, reporting and anti-money laundering provisions of the Bank Secrecy Act and USA PATRIOT Act.
- Conducted training seminars throughout the United States and internationally for law enforcement personnel and the financial industry on money laundering, the Bank Secrecy Act and the USA Patriot Act.
- Led U.S. delegations to international conferences and multi-lateral meetings globally.
Executive Director
•
U.S. Customs Service (USCS)
Dec, 1977
—
Jul, 1999
- Executive Director of Operations - Office of Investigations, responsible for the direction and oversight of all investigations conducted by USCS Special Agents, including smuggling, illegal export and money laundering investigations.
- Directed the largest undercover money laundering investigation in U.S. history.
- Prior positions include the Director of Strategic Investigations, USCS; Special Agent in Charge for USCS in Dallas, Texas; and Chief of USCS Financial Investigations Branch.
- As Group Supervisor in San Francisco from 1977 to 1986, conducted complex criminal investigations involving drug smuggling, money laundering, commercial fraud, and export violations.
Education
National Louis University
MS, Management, 1985
University of South Florida
BA, Criminal Justice, 1976
Academic Honors
Magna Cum LaudeLicenses & Certifications
CAMS - Certified Anti-Money Laundering Specialist
Awards
- Albert Gallatin Award for exemplary government service, 2003
- 3 Commissioner's Unit Citations (U.S. Customs Service), 1995-1997
Boards
- Advisory Board - The Anti-Money Laundering Association (AMLA) - 2009-present
- Advisory Board - Internationall Money Transfer Conferences 2011-present
- Advisory Board - TAMLO (Online AML Training) 2010-present
- Advisory Board - SES (Senior Executive Service) Resources - 2008-present
Committees
- Member - Association of Certified Anti-Money Laundering Specialists (ACAMS) committees, 2003 - 2010
- National Money Transmitter Association Council on Standards and Practices, 2011 - present
- Member - International Association of Chiefs of Police, Women in Federal Law Enforcement, the Federal Law Enforcement Officers’ Association
Keynote Speeches
- October 2012 Western Union Consumer Protection and Compliance Conference, Denver, CO
- February 2012 ACAMS Inaugural Chapter Event
- 2011 and 2012 International Money Transfer Conferences, Miami, FL and Los Angeles, CA
- 2009-2012 The AMLA Compliance Officer Training Orlando, FL and Chicago, IL
Panels
- April 2013 International Money Transfer Conference, Los Angeles, CA - Moderator and Speaker, Plenary Session,
- July 2013, 5th Annual AML/CFT, Anti-Fraud & Financial Crimes Conference, St. John’s, Antigua - Lecture on Compliance Issues for Emerging Payment Systems
- August 2013, National Money Transfer Association, Virtual Currency Compliance Conference, Program Manager and Moderator
Academia
- 2003 - Present , Trainer, Association of Certified Anti-Money Laundering Specialists
- 2010, Principal Instructor, The Anti-Money Laundering Association Compliance Officer Certification Course
- March 2013, Adjunct Faculty - George C. Marshall European Center for Security Studies
- June 2013, International Money Transfer Conference, Mexico City, MX - Principal Instructor for MT Certification Course
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