KYC and AML Experience

Recent Projects and Engagements:

  1. Drove client exit strategy for a global correspondent banking portfolio, inclusive of regulatory conversations. No significant client push-back or negative media exposure
  2. Reviewed roles and assessed staff skills for an AML Operations Unit and a Fraud Unit
  3. Created a framework to ensure policies, procedures, and controls keep pace with changing needs
  4. Established solution governance function and provide expertise to define target state capabilities
  5. Designed an emerging risk management framework and scoring tool with supporting metrics

Doctoral Dissertation:  Kathleen completed her Doctor of Business Administration in Spring 2019.  Her doctoral research gives her a unique perspective on AML-KYC and OFAC.  The topic of her dissertation was: Impact on the Firm Value of Financial Institutions from Penalties for Violating Anti-Money Laundering and Economic Sanctions 

Articles Published:

"Exiting Relationships:  Ten Steps to a Successful Client Exit Strategy"  Published on ACAMSToday.org, a publication of ACAMS © 2017.

"Don't Go Digital Without Understanding the New Business Account Opening Regulations" Published on SmartPayments.com © 2017.

 

Webinars and Presentations:

“The New FinCEN CDD Rule:  A Dialogue on the Beneficial Ownership Requirement for Customer Due Diligence” Financial Crimes & Compliance Executive Forum (2017)

 “Know Your Customer Requirements - Are You Prepared for More Regulatory Scrutiny?” hosted by Treasure Strategies (2015)

 

Developed an innovative solution for address quality for wire transfers to meet AML controls. Regulators are signaling potential changes to wire transfer operations by requiring complete and valid addresses for both the sender and the receiver. Kathleen developed a new solution for a FinTech company to meet evolving AML regulations for both wholesale payments and cross-border payments.   She designed use cases to measure the effectiveness of address validation and presented the solution to senior members of the Federal Reserve Board Bank Secrecy Act (BSA) Committee. (Pitney Bowes Financial Solutions 2014)

Drove correspondent bank client selection strategy to exit risky clients. Kathleen coordinated with Global Financial Crimes team to create a profile of an “acceptable” correspondent banking client. Developed a scoring process based on country, products used, credit risk rating, and other variables. She drove a multi-division project team which reviewed each correspondent bank relationship. (Bank of America 2011)

Drove global expansion for Cash and Banknotes -- 43% growth in 2011.   Two major competitors were forced to exit the Banknotes business due to AML violations. Navigated Risk and Compliance governance committees to alleviate concerns related to AML operational controls. Developed relationships with Regulators in the US, Europe, and Mexico to dialogue on AML regulations. Instituted Global Operating Committee to monitor AML risk and operational risk. (Bank of America 2010-2011)

 

Posted in Projects and Experience.