Enhanced compliance solutions for financial institutions and organizations to meet the operational demands of the evolving complex financial crime landscape
New York – Kroll, the leading independent provider of global risk and financial advisory solutions, announced today the appointment of renowned industry expert Tom Bock as Managing Director and Head of its new U.S. Financial Crime Advisory (FCA) practice. Under Bock’s leadership, the FCA practice will bring customized, cutting-edge solutions to help financial institutions, fintech companies and corporations meet their most critical financial crime compliance challenges.
A major focus of the new practice will be to assist financial institutions in gaining operational efficiencies through the strategic use of technology. "In the current environment, compliance teams are under tremendous pressure to do more with less, and they are turning to technology to help achieve that goal,” said Bock. “We recognize this challenge, and our team is tailor-made to help. We understand the importance of data architecture and data integrity, and we know how to choose and implement the right technology to transform traditional compliance programs into more scalable, sustainable and efficient solutions.”
Bock brings over 30 years of experience in guiding a broad range of clients—from multinational financial institutions to dynamic players in fintech and gaming—through intricate challenges in anti-money laundering (AML), sanctions, regulatory compliance and fraud and risk management. On four different occasions, Bock has served as an independent consultant to global financial institutions responding to enforcement actions brought by state and federal regulators, including the Federal Reserve Bank of New York, Financial Crimes Enforcement Network (FinCEN) and the New York State Department of Financial Services.
Under Bock’s leadership, the Kroll FCA team will focus on providing customizable and sustainable solutions to help clients navigate an increasingly complex financial crime environment with maximum agility and efficiency. Kroll’s best-in-class FCA team includes former U.S. financial services regulators, high-level law enforcement professionals and senior compliance executives. Their collective experience includes serving as independent monitors for global financial institutions, assisting clients in complying with the Bank Secrecy Act and the Office of Foreign Assets Control regulations, and working under the Federal Reserve Board and collaborating with the Department of Justice to ensure compliance with deferred prosecution agreements.
Kroll’s core U.S. FCA services include:
- AML and sanctions program reviews
- Compliance transformation and optimization
- Model validation
- Transaction monitoring program design and implementation
- Managed services
For more information on Kroll’s Financial Crimes Advisory practice, please visit here.
About Kroll
As the leading independent provider of risk and financial advisory solutions, Kroll leverages our unique insights, data and technology to help clients stay ahead of complex demands. Kroll’s team of more than 6,500 professionals worldwide continues the firm’s nearly 100-year history of trusted expertise spanning risk, governance, transactions and valuation. Our advanced solutions and intelligence provide clients the foresight they need to create an enduring competitive advantage. At Kroll, our values define who we are and how we partner with clients and communities. Learn more at kroll.com.
For more information, contact:
Devonne Cusi (Global)
[email protected]
+1 212 450 8199
Spencer MacDonald
[email protected]
+1 732 300 6461
