­Verittas Risk Advisors Regulatory Roundtable a Huge Success

Comments like, “Really helpful”, “I learned a great deal” and “Glad I came” confirmed that the 2017 Spring Regulatory Roundtable, co-sponsored by Verittas Risk Advisors, Inc., BuckleySandler, LLP and AML Partners was a rousing success. The event took place on April 24th at the Millennium Biltmore Hotel in Los Angeles.

“Verittas was pleased to co-sponsor today’s event with BuckleySandler and AML Partners” said George Mark, Founder and CEO of Verittas Risk Advisors LLC,. “Our panel of guest speakers offered unique regulatory and operational insights that the Attendees should find extremely valuable.”

The keynote speaker, Daniel Stipano, a Partner with BuckleySandler, LLP, and industry leader in BSA/AML Compliance, addressed the crowd of more than 60 BSA/AML Compliance professionals on the upcoming FinCEN customer due diligence requirements, more commonly known as the “5th pillar” of a Bank’s Anti-Money Laundering program.

Stipano, formerly the Deputy Chief Counsel at the OCC, who played a key role in creating the legislation said:

“It’s critical that financial institutions understand the importance of FinCEN’s new customer due diligence requirements”

Additional speakers included Bob Flores, a Managing Director with Verittas Risk Advisors and Jonathan Almeida.

Flores noted, “This conference emphasized the balance of the regulatory expectations along with operational nuances. Based on conversations with local BSA compliance professionals, I think it was exactly what the they wanted and needed.”

“We were pleased to have demonstrated our BSA ECO System software to such an impressive crowd” said Almeida, Co-Founder and COO of AML Partners, a behavioral risk software and consulting firm specializing in helping their customers identify risks associated with money laundering and terrorist financing.

Verittas Risk Advisors, Inc. is a boutique professional services firm offering a host of services including Enterprise Risk Management, BSA/AML Advisory and outsourced Internal Audit.

Verittas is expected to announce a Regulatory Roundtable event scheduled for early June in New York.

About Verittas Risk Advisors Inc.

Verittas Risk Advisors, Inc. is a national firm providing internal audit services, regulatory compliance, including Bank Secrecy Act and Anti-Money Laundering consulting and Model Validation/Optimization, regulatory & operational consulting and risk advisory services to the financial and banking industries. Verittas has locations in New York City, California and Florida.

For more information, please visit www.verittas.com.