Alex Feldman is a Manager in BDO’s Risk and Regulatory Advisory practice. Mr. Feldman has 5 years of experience working within, developing, and testing anti-money laundering compliance programs. He has extensive experience in numerous elements of AML Compliance including Know Your Customer (KYC), Client Due Diligence (CDD), Transaction Monitoring, Suspicious Activity Reporting (SARs), and AML Training.
Mr. Feldman has a strong knowledge base from on working with/for financial institutions with a wide variety of products and services such as retail banking, correspondent banking, trade finance, political exposure, credit cards, remote deposit capture, and securities. Mr. Feldman has experience working with a number of AML compliance software programs including but not limited to; Norkom, Scion, Unified Case Management, Actimize, CAMP.
Mr. Feldman has significant experience working with/for institutions with an international focus Prior to joining BDO, Mr. Feldman worked within HSBC Bank USA in their Financial Crime Compliance Division. He contributed to the efforts of organizational redevelopment which satisfied regulators and released HSBC from its Deferred Prosecution Agreement. In his time with HSBC, he served secondments to HSBC Hong Kong and HSBC Bermuda. This skillset has further developed while at BDO, with Mr. Feldman working with several domestic branches of foreign financial institutions.
Recent projects with BDO include; the developing of a model AML Manual for the domestic branch of a foreign financial institution, advising on and documenting the data governance and system tuning efforts of a large pre-paid card processor, an assessment of a fintech institution’s AML program, and a data in/data out validation effort. He is presently writing an article on a new regime of AML regulation and its operational impacts.
A New Anti-Money Laundering Regime for a New Century The landscape of AML regulations is scattered, with its primary legislative supports coming from 1970, 1996, and 2001. This article discusses the proposed bill, its bipartisan support as identified by hearings already conducted on the subject, and its implications for financial institutions if enacted. In 1970, a Big Mac cost $0.49, and the...
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