REGULATORY COMPLIANCE & ANTI-MONEY LAUNDERING:
Gary E. Peterson: President
Gary founded IMAG in 1993 and served as President until 2010 when he was asked by HSBC North America to be Senior Vice President, Anti-Money Laundering and Bank Secrecy Director with responsibility for the daily management of the AML Department as well as the remediation of HSBC’s significant OCC AML and Federal Reserve Compliance Risk Cease and Desist Orders. This involved the staffing and deployment of over 500 additional AML senior management and staff and oversight of over a hundred separate remediation projects. In 2012, HSBC US appointed him Senior Executive Vice President and Chief Compliance Officer, managing the activities of over 1,400 US AML, General Compliance and Securities Compliance staff as well overseeing the remediation efforts and project work undertaken by major consulting groups, contractors and project management offices. Gary completed his duties at HSBC in late 2013 and returned to IMAG as President in January, 2014.
Gary’s consulting and advisory practice at IMAG has centered on regulatory compliance, AML compliance and operational risk, operations management and achieving organizational cultural and behavioral change. He brings 30 years of experience and counsel to financial institutions of all size and scope seeking to reduce their regulatory, reputational and internal control risks. He has a very deep knowledge of all facets of Anti-money laundering compliance across the Financial Services industry and is expert in the Bank Secrecy and USA Patriot Acts as well as OFAC and global sanctions. He has formed many domestic and global compliance programs and is very familiar with the implications of AML programs which span international boundries. He is frequently the lead advisor to boards, senior management and AML directors of global and domestic banking groups (and to their project and remediation teams) which are subject to time sensitive and complex private or public regulatory orders, enforcement actions and sanctions. Gary has led consulting teams which have served clients at HSBC, Wachovia, Royal Bank of Scotland, Royal Bank of Canada, Bank of Tokyo Mitsubishi, SG Cowen Securities, Societe Generale, Merrill Lynch, Fannie Mae and GMAC RFC.
Training and Recent Presentations:
Gary is well known for his AML presentations and training to Boards, senior and international management teams and to business and operational areas. He is a frequent industry speaker and panel member. His recent industry presentations include:
- Annual ACAMS 2013 AML Convention, Las Vegas:
- Lead panelist: “Implementing a Culture of Compliance”
- Moderator: “Bridging the gap between Fraud and AML surveillance strategies”
- Other recent industry presentations:
- “Improving AML Training Programs”
- “Developing an AML Enterprise-Wide Risk Methodology”
- “Securities Brokerage: Hot Supervisory Topics”;
Prior to IMAG, Gary was Chief of Staff, General Counsel and Head of Compliance of Midland Bank plc in the United States from 1985-1992 with legal, regulatory and compliance oversight over banking, securities and investment banking businesses. Upon HSBC’s acquisition of Midland, he was appointed HSBC’s Regional Compliance Director, Western Hemisphere and Secretary of its US Bank Holding Company. From 1980-1985, he was the General Counsel of Midland’s Global Trade Services and Trade Finance business. Prior to Midland Bank, he was an Associate at the lawfirm of Fellner and Rovins in New York City, specializing in commercial litigation.
Gary is a graduate of Lehigh University, summa cum laude, and the School of Law of Case Western Reserve University. He is admitted to the New York State and Federal Bars.
Hank Grant: CAMS - OFAC, Economic Sanctions; AML/BSA
Hank is one of the foremost experts in OFAC and Global Sanctions compliance programs. He has led the improvement and remediation of these compliance programs for a number of global financial institutions.
Hank was a founding partner and the Chief Operating Officer of SightSpan, Inc., a global consultancy. Prior to SightSpan, Hank served as Senior Vice President and Executive Program Director for Bank of America’s OFAC and Global Sanctions Programs. For more than 30 years during his career at Bank of America, Hank held a number of executive positions that focused upon US and global sanctions and AML programs across risk business platforms.
Hank also has a deep background in AML. While at Bank of America, Hank designed a global AML client risk assessment program, as well as the bank’s AML and OFAC Risk Assessment processes. Hank brings his global operational and compliance experiences to IMAG, having managed Retail, Wholesale Banking and International Operations units throughout the US and Asia. Additionally, he headed the Compliance division for all US and Foreign country regulations across all products and operations in Asia and the Wholesale Compliance operations in Global Banking.
Hank has served as a delegate to the US State Department and European Union sanctions conference in Vienna and an advisor to the United Nations. Hank has presented to numerous industry groups and has consulted with a number of top-tier global financial institutions. Hank is a member of the American Banking Association a recipient of the ACAMS “AML Professional of the Year” award.
Charles French: CAMS - OFAC and Economic Sanctions
Charlie has over 40 years in the financial services industry with extensive managerial experience in domestic and international banking operations with a deep expertise in OFAC and global sanctions. His banking experience includes FX, accounting, funds transfer, global markets products and services, and trade finance, audit, internal control, risk management, and regulatory compliance. He was the director of operations and control for Bank of America in Latin America for a number of years.
Charlie also has played a key role in the development of numerous compliance programs as well as the self-assessment policies and procedures for those programs. He is skilled at self-assessment reviews of the compliance programs for both onshore and offshore banks.
Charlie is a skilled trainer in AML, BSA and OFAC areas. He is a Certified Anti-money Laundering Specialist (CAMS) and served as an instructor for over a dozen certification preparation seminars run by ACAMS.
Salvatore Scotto : CAMS - OFAC and Economic Sanctions
Bruce Hein: AML and OFAC
Bruce is a seasoned consultant with a well-diversified background in strategic planning and regulatory compliance services. Areas of regulatory compliance consulting have included OFAC and global sanctions, the BSA and Know Your Customer programs. He has also supported multiple initiatives in the areas of enhanced due diligence and fraud/risk management in financial service environments. Bruce has a broad experience base with enterprise level installations of interdiction and case management systems for supporting global regulatory programs. Bruce offers the advantage of direct hands-on experience with both transaction screening and enhanced due diligence system solutions that support key regulatory programs and processes.
Michael Troccia: AML
OPERATIONAL RISK & INTERNAL CONTROLS -CONSULTING AND ADVISORY SERVICES:
Debbie Loyim: CAMS - Bank Operations, Internal and Process Controls, AML
Banking operations and delivery platforms are areas where hard to detect internal control issues exist. These control issues often provide the “root cause” of significant regulatory compliance issues. Many Compliance officers do have the deep operations expertise to locate and resolve internal control issues and risks which can lead to substantial and adverse audit and regulatory compliance findings.
Debbie bridges the operations/compliance area. She is a proven expert with 25 years in process-centered Operations Management in domestic and international banking. She is fully familiar with the control risks within the operations and product delivery framework which give rise to internal control and compliance risk issues. She has seasoned skill in building and remediating internal control environments. She is versed in all aspects of process improvement, automation and process redesign as well as merger integration, outsourcing strategies, and resource realignment. She can quickly identify required measures to increase productivity, right-size fragmented processes and create workflows which enhance efficiency while maintaining strong business processes.
Debbie's management responsibilities and extensive experience includes: global and domestic trade services and finance, loan administration, trading operations, regulatory reporting, change management, process redesign, automation, operational risk mitigation, internal control and strategic alignment.
Debbie is an expert in designing COOLMaps™ for clients. COOLMaps™ highlight compliance related internal control and risk identification through end to end process mapping. She recently completed a significant project involving the process mapping across multiple geographical locations of a major financial institution, communicating across all levels of staff, including senior management, to completely map their regulatory compliance and AML compliance processes. During this project she identified and advised on control issues, operational risk, and opportunities to maximize the overall controls in a highly scrutinized regulatory environment.
Debbie holds a Bachelor of Business Administration degree from Pace University.
TECHNOLOGY, IT AND SYSTEM SOLUTIONS:
Richard L. Huebner: Technology, IT and System Solutions
Today, effective compliance programs are dependent upon the right technology and data integrity. It is critically important that compliance solutions are founded on effective technologies and systems and that data integrity issues are properly understood and addressed.
IMAG is proud to have Rick as a member of its Board and as a consulting partner. Rick is a leading technology innovator and serial entrepreneur. He has spent much of the last 25 years implementing IT solutions for the financial services industry. He is President & CEO of Visual Technologies, Inc. (“VISTECH”), a software development and technology consulting firm based in Hartford, Connecticut. Rick has gained reputation and respect for his focus on adding business value while implementing leading edge technology via agile development processes.
Rick founded VISTECH in 1995 and quickly positioned the company as a leading provider of financial services software solutions. VISTECH has implemented planning and illustration tools as well as fully functional back office administrative systems major global groups such as New York Life Investment Management, OppenheimerFunds, Principal Financial Group, MassMutual, and Ernst & Young. Recently, VISTECH launched a suite of administrative systems to support the next generation of innovative financial products. In addition to financial services software, VISTECH provides a wide array of consulting, outsourced software development, Managed IT, and Cloud solutions. VISTECH is deeply involved in the design and hosting of COOLMaps™.
Prior to VISTECH, Rick was an Executive at Computer Sciences Corporation where he started and then led the company’s insurance products R&D team. In previous roles, Huebner was VP of Retail Products division of Golden Financial Group (“GFG”). GFG’s insurance company, Golden American Life, continues as ING’s variable annuity issuer with product sales exceeding $10B. Rick was also President of Huebner & Associates, an IT consulting firm and Senior Technologist at Kepner-Tregoe, a management consulting firm. Rick serves on the Boards of Directors for the International Association of Microsoft Channel Partners, the Connecticut Technology Council, and the World Affairs Council of Connecticut. His is also an active member of several organizations in his community. Rick has a B.S. in Chemical Engineering from Lehigh University.
Steven M. Harnik: General Counsel
Steve, senior partner of The Harnik Lawfirm, has served as General Counsel to IMAG since 1993. Steve is a well known commercial and corporate attorney with significant US and cross-border commercial transactions expertise. He acts as the attorney for the Austrian Government in New York. Steve is a graduate of Case Western Reserve School of Law.