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Fallout – The Real Cost of Non-Compliance with the BSA

When a bank like HSBC gets called on the carpet the dramatic economic effects shows up in several ways. I was interviewed about what this means, exactly, not just for the bank, but for the bank’s customers. Here’s a peek,

“Any good AML (anti-money laundering) compliance director should be reviewing these types of enforcement actions, and then take the time to analyze their own program to make sure that they are compliant and not making similar mistakes.”

Click here to read the interview.

About the Author

Kevin Sullivan, CAMS, CCI is a retired New York State Police Investigator and Federal Agent who dedicated his career to AML and continues that work through his company, The AML Training Academy and Advisory LLC. Kevin coordinated AML investigations for the state of New York while being detailed to one of the worlds largest AML task forces, the NY High Intensity Financial Crime Area (HIFCA) El Dorado Task Force. He has helped develop and implement global AML guidelines and trained and advised all industries and government agencies requiring AML around the globe. He helped to write various certification programs for the Association of Certified Anti-Money Laundering Specialists’ (ACAMS) and was the co-founder and former chair of their inaugural chapter which was in NY. Follow Kevin or reserve a seat in one of his live webinars. Space is limited!

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