Michael Buffardi is a Managing Director in the Forensic & Litigation Consulting segment and is based in Los Angeles. He joined FTI Consulting after more than 12 years with the federal government, having worked at both the Securities and Exchange Commission (SEC) and Financial Crimes Enforcement Network (FinCEN).
Mr. Buffardi has extensive experience with Bank Secrecy Act (BSA) and anti-money laundering (AML) compliance, securities regulation, and complex investigations. He has worked on matters ranging from “look-back” transactions reviews, to cryptocurrency and ICO Howey analysis, and sales practice reviews of broker-dealers.
Mr. Buffardi served as a senior attorney in both the SEC’s Office of Compliance Inspections and Examinations (OCIE) and Office of Enforcement. In these roles, he worked on complex investigations and examinations of SEC-registered entities, including broker-dealers, registered investment advisers, and municipal advisors. Mr. Buffardi’s investigations and examinations involved areas such as AML and Office of Foreign Assets Control (OFAC) sanctions, supervisory controls, microcap/penny stock trading analysis, pump-and-dump schemes, and insider trading. His investigations resulted in some of the highest AML civil money penalties imposed by the SEC.
While at FinCEN, Mr. Buffardi had a broad array of responsibilities, having served as both a special advisor in the Regulatory Policy and Programs Division and as the bureau’s liaison between the Undersecretary of Terrorism and Financial Intelligence and two FinCEN Directors. He was also the bureau’s liaison to the Law Enforcement and Non-Bank Financial Institutions Subcommittees of the Bank Secrecy Act Advisory Group (BSAAG). Mr. Buffardi drafted FinCEN advisories on emerging threats to financial institutions, multiple BSA regulations, and BSA/AML interpretive guidance. He also assisted a variety of financial institutions, including depository institutions, money services businesses, casinos and card clubs, and securities/futures firms, with BSA/AML compliance and regulatory interpretations.
Mr. Buffardi has conducted trainings and given presentations on using BSA data in white-collar criminal investigations, best practices for BSA/AML examinations of broker-dealers, and BSA/AML compliance obligations and best practices for both bank and non-bank financial institutions.
Mr. Buffardi holds a J.D. from The George Washington University Law School, an M.A. in philosophy from American University, a B.A. in political science and philosophy (honors) from American University and attended the CIA’s Sherman Kent School for Intelligence Analysis.
T: +1 213 452 6362
350 S. Grand Avenue
Los Angeles (S. Grand Avenue)
Regulation and Compliance
Sanctions Investigations & Compliance