Bob Mengani is Managing Compliance Director at Chartwell Compliance. Bob retired on April 29, 2015, after more than 36 years of service with the New York State Department of Finance (“the Department”). His experience is broad and diversified, having served in all of the Department’s significant operating divisions.
Most recently, Bob completed eight years of service in the Licensed Financial Services Division, which is responsible for the oversight of six non-bank industries licensed and supervised by the Department. The industries include licensed cashers of checks, transmitters of money, sales and premium finance companies and budget planners. Bob was also a valued member of the Department’s Virtual Currency Working Group, responsible for the Department’s recently published Virtual Currency Regulations. For more information please visit www.chartwellcompliance.com.
Regulatory examinations shouldn’t be confrontational events, as the licensee’s and the regulator’s missions should be aligned – that is, honest, fair, equitable and efficient operations. This article discusses points and tips for you to keep in mind as you plan for your first or next examination.
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