Deb Bonosconi specializes in anti-money laundering (“AML”), Office of Foreign Assets Control (“OFAC”) compliance, risk management, governance and regulatory matters. She leverages more than 25 years of experience as a former federal financial institutions regulator, banking executive and consulting expert to consistently deliver valuable AML/OFAC and risk management solutions to a variety of international and domestic financial institutions.
Ms. Bonosconi advises clients on a variety of regulatory, enforcement and compliance matters, with an emphasis on Bank Secrecy Act (“BSA”), AML, OFAC and related risk-focused services. She has conducted numerous reviews of financial institutions’ AML, sanctions, crypto, gaming and fraud programs to identify gaps and implement compliant, risk-based operational efficiencies to improve quality and effectiveness.
Ms. Bonosconi also has extensive experience assisting clients with diagnostic reviews of AML programs for both traditional and nontraditional financial institutions. These include banks, fintechs, cryptocurrency firms, online gaming organizations and other nonbank financial institutions. Her work helps these organizations to assess the sufficiency of controls and determine the level of compliance with regulatory requirements for domestic licensing and the partnership of sponsor and correspondent banks. Additionally, she has led multiple regulator-directed lookbacks, risk assessments, system implementations and AML/OFAC remediation projects.
Ms. Bonosconi served as a federal bank examiner for more than 10 years, first at the Office of the Comptroller of the Currency as an AML/OFAC compliance examiner and then at the Federal Reserve Board’s Investigations and Enforcement Section where she supervised banks operating under public and non-public supervisory actions. She also served as a delegate to the Financial Action Task Force for two years and was routinely assigned to the U.S. Department of State’s Bureau of International Narcotics and Law Enforcement Affairs on matters related to country risk ratings and assistance with the establishment of Financial Intelligence Units in the Caribbean.
After leaving the government, Ms. Bonosconi’s career included multiple senior-level roles, all focused on AML/OFAC compliance requirements. She served as a Director for two Big Four firms and held leadership roles at GE Money, HSBC, eBay, PayPal, Citigroup, Promontory Financial Group and most recently as a leader of the Financial Crimes practice at Berkeley Research Group.