David Carusso, CEO-Dominion Advisory Group, AML Expert to Speak at GKC’s The Patriot Act and Anti-Money Laundering Teleconference
New York, NY, May 31, 2006 --(PR.com)-- The Global Knowledge Congress, the leading producer of regulatory focused teleconferences has announced today that David B. Carusso, CEO. Dominion Advisory Group and a renowned Anti-Money Laundering Expert will speak at the upcoming The Patriot Act and Anti-Money Laundering Teleconference for Tuesday, June 20, 2006 at 11:00 AM (EDT). For more details on this event, please visit: http://www.knowledgecongress.org.
The Patriot Act was formed in response to the terrorist attacks against the U.S. on September 11, 2001. This legislation dramatically expanded the authority of U.S. law enforcement for the stated purpose of fighting terrorist acts in the United States and abroad. Its impact has been far-reaching and in some cases has unexpectedly changed the ways in which businesses operate. Nowhere is this more evident than in the financial services industries, particularly in anti-money laundering procedures. The Patriot Act has not only changed the hard rules governing this process, but many of the "soft" rules as well. Seemingly without warning, long-standing financial definitions have changed or have expanded to include new elements. The Global Knowledge Congress has scheduled a teleconference for Tuesday, June 20 at 11:00 a.m. (EST) to analyze this critical legislation.
About David B. Carusso
Prior to forming The Dominion Advisory Group in May 2005, David B. Caruso was the Executive Vice President, Compliance & Security of Riggs Bank NA. In June 2003 he was hired to build a regulatory compliance, investigations, and security department in response to 2003 enforcement action against Riggs. Mr. Caruso led the development and implementation of a BSA/AML program across all consumer, commercial, investment, and international business lines. Mr. Caruso was responsible for reporting on the bank's efforts to resolve its regulatory challenges to the Board of Directors, senior examination and headquarters staff of the OCC and Federal Reserve, senior law enforcement officials and the staff of several Congressional committees.
While at Riggs, Mr. Caruso oversaw the investigation of Augusto Pinochet's alleged money laundering and the corruption involving senior government officials of Equatorial Guinea.
Prior to joining Riggs, Mr. Caruso was a director at two big four accounting firms where he led anti-money laundering compliance and fraud investigations practices. Prior to consulting, Mr. Caruso was the manager of the anti-money laundering and enhanced due diligence group at JP Morgan & Company.
Mr. Caruso began his career as a Special Agent with the U.S. Secret Service where he was assigned to the New York Field Office's Financial Institution Fraud group. He received his BA from the George Washington University.
About The Dominion Advisory Group
The Dominion Advisory Group has extensive experience in banking, compliance, law enforcement, regulatory oversight, technology, and consulting. The Managing Partners of Dominion are the individuals who lead Riggs Bank through the most intense and unpredictable AML and investigative challenges the banking industry has faced. Dominion has gone on to help financial institutions build and implement AML programs, prepare for audits and examinations, and respond to enforcement actions.
We believe experience matters. AML issues can undermine an institution's growth, set back business plans, and cost millions of dollars. To solve these problems, or to stop them before becoming problems, it is crucial to have advisors who have been there - who have executed and implemented. Many firms can offer advice from the sidelines, but Dominion's ability to develop and deploy AML solutions from inside the most highly scrutinized financial institutions is unmatched.
The Dominion team was instrumental in uncovering and investigating two of the most notable banking frauds of the last decade - the alleged money laundering of Augusto Pinochet and the corruption investigation involving the government of Equatorial Guinea. In addition, the Dominion team has overseen thousands of high-risk customer and transaction investigations during the last several years. Dominion has a team of experienced former law enforcement agents, regulators, forensic accountants, and industry experts to call upon to unearth and resolve anti-money laundering and fraud risks.
Dominion specializes in providing investigative services to law firms and corporations who need to discover and understand facts relating to potential insider abuse, external fraud, and ethics and integrity issues. Dominion works with executive management, boards of directors and outside counsel to act upon investigative discoveries in a way that properly protects our clients' interests and enables them to minimize business disruption.
For more information, about David B. Carusso and The Dominion Advisory group, please visit: http://www.dominion-advisors.com
About The Global Knowledge Congress
The Global Knowledge Congress is an organization that produces teleconferences that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour teleconferences to study the impact of changing regulations.” To contact, please visit: http://www.knowledgecongress.org
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The Patriot Act was formed in response to the terrorist attacks against the U.S. on September 11, 2001. This legislation dramatically expanded the authority of U.S. law enforcement for the stated purpose of fighting terrorist acts in the United States and abroad. Its impact has been far-reaching and in some cases has unexpectedly changed the ways in which businesses operate. Nowhere is this more evident than in the financial services industries, particularly in anti-money laundering procedures. The Patriot Act has not only changed the hard rules governing this process, but many of the "soft" rules as well. Seemingly without warning, long-standing financial definitions have changed or have expanded to include new elements. The Global Knowledge Congress has scheduled a teleconference for Tuesday, June 20 at 11:00 a.m. (EST) to analyze this critical legislation.
About David B. Carusso
Prior to forming The Dominion Advisory Group in May 2005, David B. Caruso was the Executive Vice President, Compliance & Security of Riggs Bank NA. In June 2003 he was hired to build a regulatory compliance, investigations, and security department in response to 2003 enforcement action against Riggs. Mr. Caruso led the development and implementation of a BSA/AML program across all consumer, commercial, investment, and international business lines. Mr. Caruso was responsible for reporting on the bank's efforts to resolve its regulatory challenges to the Board of Directors, senior examination and headquarters staff of the OCC and Federal Reserve, senior law enforcement officials and the staff of several Congressional committees.
While at Riggs, Mr. Caruso oversaw the investigation of Augusto Pinochet's alleged money laundering and the corruption involving senior government officials of Equatorial Guinea.
Prior to joining Riggs, Mr. Caruso was a director at two big four accounting firms where he led anti-money laundering compliance and fraud investigations practices. Prior to consulting, Mr. Caruso was the manager of the anti-money laundering and enhanced due diligence group at JP Morgan & Company.
Mr. Caruso began his career as a Special Agent with the U.S. Secret Service where he was assigned to the New York Field Office's Financial Institution Fraud group. He received his BA from the George Washington University.
About The Dominion Advisory Group
The Dominion Advisory Group has extensive experience in banking, compliance, law enforcement, regulatory oversight, technology, and consulting. The Managing Partners of Dominion are the individuals who lead Riggs Bank through the most intense and unpredictable AML and investigative challenges the banking industry has faced. Dominion has gone on to help financial institutions build and implement AML programs, prepare for audits and examinations, and respond to enforcement actions.
We believe experience matters. AML issues can undermine an institution's growth, set back business plans, and cost millions of dollars. To solve these problems, or to stop them before becoming problems, it is crucial to have advisors who have been there - who have executed and implemented. Many firms can offer advice from the sidelines, but Dominion's ability to develop and deploy AML solutions from inside the most highly scrutinized financial institutions is unmatched.
The Dominion team was instrumental in uncovering and investigating two of the most notable banking frauds of the last decade - the alleged money laundering of Augusto Pinochet and the corruption investigation involving the government of Equatorial Guinea. In addition, the Dominion team has overseen thousands of high-risk customer and transaction investigations during the last several years. Dominion has a team of experienced former law enforcement agents, regulators, forensic accountants, and industry experts to call upon to unearth and resolve anti-money laundering and fraud risks.
Dominion specializes in providing investigative services to law firms and corporations who need to discover and understand facts relating to potential insider abuse, external fraud, and ethics and integrity issues. Dominion works with executive management, boards of directors and outside counsel to act upon investigative discoveries in a way that properly protects our clients' interests and enables them to minimize business disruption.
For more information, about David B. Carusso and The Dominion Advisory group, please visit: http://www.dominion-advisors.com
About The Global Knowledge Congress
The Global Knowledge Congress is an organization that produces teleconferences that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour teleconferences to study the impact of changing regulations.” To contact, please visit: http://www.knowledgecongress.org
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Contact
The Global Knowledge Congress
Thomas LaPointe, Jr., Executive Director
646-202-9344
www.knowledgecongress.org
Therese Lumbao
Director, Member Services
tlumbao@knowledgecongress.org
Thomas LaPointe, Jr., Executive Director
646-202-9344
www.knowledgecongress.org
Therese Lumbao
Director, Member Services
tlumbao@knowledgecongress.org
Contact
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