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Verittas’ Alexander Gordon achieves Certified Anti-Money Laundering Specialist (CAMS) certification

September 2018 - New York, New York   Verittas Risk Advisors Inc (verittas.com) proudly announces that Alexander Gordon has become a Certified Anti-Money Laundering Specialist (CAMS).

Alexander, CAMS, is a Manager for Verittas.

The Certified Anti-Money Laundering Specialist (CAMS) certification is considered to be the global gold standard in AML certifications.

According to George Mark, Verittas Chief Execution Officer, “Institutions with CAMS-certified compliance teams can:

  • Drive a culture of compliance from the top down by building highly skilled teams staffed with subject matter experts
  • Demonstrate to regulators and examiners their dedication to a standardized risk-based approach for protecting against money laundering threats and financial crime risks
  • Meet mandated AML training requirements through preparation and study and satisfy ongoing training through recertification and advanced certification activities
  • Safeguard more effectively against financial and reputational damage”

Verittas Risk Advisors, Inc. is a national firm providing regulatory compliance, consulting, internal audit and risk advisory services to the financial and banking industries. Verittas has offices in New York City and Los Angeles, California. For more information, please visit www.verittas.com.



COMMITMENT TO NORTHEAST REGION PROMPTS OFFICE RELOCATION FOR VERITTAS RISK ADVISORS, INC.

June 12, 2018  NEW YORK, NY  – Verittas Risk Advisors, Inc. (Verittas),  in response to the increasing demand for its services, today announced its plan to relocate to a new office facility in Manhattan.  The new address is 230 Park Avenue, 3rd Floor WEST New York NY  10169 and will be effective June 16, 2018.  The new space will provide enhanced meeting facilities and convenience for New York based clients and employees.

 “Our new New York location extends Verittas’  heritage  of providing convenience and results to important clients in the financial services business”  said George R. Mark, Chief Executive Officer for Verittas.  “We’re excited to continue on our legacy of providing extraordinary service to our clients.”
For additional information visit www.verittas.com. 

View full press release: http://www.prunderground.com/commitment-to-northeast-region-prompts-office-relocation-for-verittas-risk-advisors-inc/00127769/

About Verittas:
Verittas Risk Advisors, Inc., is a national Firm providing regulatory compliance, consulting, internal audit and risk advisory services to the financial and banking industries. Verittas has offices in New York City and Irvine, California.  For more information, please visit www.verittas.com.

 

Verittas CEO George Mark to speak at Compliance Conference Hosted by Mortgage Bankers and Brokers Association of New Hampshire (MBBA-NH)

On April 18, 2018 George Mark, CEO of Verittas Risk Advisors will speak about ‘Outsourcing Internal Audits’ at the New Hampshire Mortgage Bankers Association Compliance Conference. 

The Agenda for the conference includes:

  • Outsourcing Internal Audits
  • Non-QM Lending Managing the Risks
  • Changes in State & Federal Regulations
  • HMDA Details of the Rule & What Has Changed
  • E-Closings, Benefits, Challenges, What's Happening Nationally in NH, Next Steps, Model Legislation

The conference is being held at the Portsmouth Country Club in Greenland, NH

The (MBBA-NH) is a statewide trade association for mortgage banking professionals and a leader in offering core education programs, networking and legislative representation. Member companies consist of Banks, Credit Unions, Mortgage Bankers and Brokers, non-profit and affiliate service providers.

Verittas Risk Advisors, Inc. is a boutique professional services firm offering a host of services including Enterprise Risk Management, BSA/AML Advisory and outsourced Internal Audit.

With more than 25 years of experience in the financial services sector, George Mark has extensive risk management and accounting expertise.   He was a partner with Coopers & Lybrand, and served as a partner for several other professional services firms.  George creates authentic business partnerships with financial institution executives and boards. His close working relationships with clients  brings industry expertise, hands-on experience of current financial services practice, and intimate ‘best practice’ knowledge. In the words of one of his clients, “George provides solid governance, business and financial skills second to no one.”

 

Verittas Risk Advisors Regulatory Roundtable a Huge Success

Los Angeles, CA – April 24, 2017 - Comments like, “Really helpful”,  “I learned a great deal” and “Glad I came” confirmed that the 2017 Spring Regulatory Roundtable, co-sponsored by Verittas Risk Advisors, Inc., BuckleySandler, LLP and AML Partners was a rousing success.  The event took place on April 24th at the Millennium Biltmore Hotel in Los Angeles.

“Verittas was pleased to co-sponsor today’s event with BuckleySandler and AML Partners” said George Mark, Founder and CEO of Verittas Risk Advisors LLC,.  “Our panel of guest speakers offered unique regulatory and operational insights that the Attendees should find extremely valuable.”
The keynote speaker, Daniel Stipano, a Partner with BuckleySandler, LLP, and industry leader in BSA/AML Compliance, addressed the crowd of more than 60 BSA/AML Compliance professionals on the upcoming FinCEN customer due diligence requirements, more commonly known as the “5th pillar” of a Bank’s Anti-Money Laundering program.

Stipano, formerly the Deputy Chief Counsel at the OCC, who played a key role in creating the legislation said:

“It’s critical that financial institutions understand the importance of FinCEN’s new customer due diligence requirements” 

Additional speakers included Bob Flores, a Managing Director with Verittas Risk Advisors and Jonathan Almeida.

Flores noted, “This conference emphasized the balance of the regulatory expectations along with operational nuances. Based on conversations with local BSA compliance professionals, I think it was exactly what the they wanted and needed.”

 “We were pleased to have demonstrated our BSA ECO System software to such an impressive crowd” said Almeida, Co-Founder and COO of AML Partners, a behavioral risk software and consulting firm specializing in helping their customers identify risks associated with money laundering and terrorist financing.

Verittas Risk Advisors, Inc. is a boutique professional services firm offering a host of services including Enterprise Risk Management, BSA/AML Advisory and outsourced Internal Audit.

Verittas is expected to announce a Regulatory Roundtable event scheduled for early June in New York. 


 

 

Verittas Risk Advisors, Inc. announces Spring 2017 Regulatory Roundtable event

Los Angeles - March 9, 2017 - Complying with ever-changing bank regulations is a challenge for bank management and its staff.

Spring 2017 Regulatory RoundtableThe 2017 Regulatory Roundtable, co-hosted by Verittas Risk Advisors, Inc., BuckleySandler, LLP and AML Partners, will address important issues and best practices concerning a variety of pertinent topics ranging from the FinCEN Customer Due Diligence rule to OFAC hot topics. 

The event will be held on the morning of Monday April 24, 2017 at the Millenium Biltmore Hotel in Los Angeles, where the featured speaker will be Daniel P. Stipano, Partner, BuckleySandler LLP. 

Stipano’s experience stretches across more than three decades of bank regulatory and enforcement experience, most recently as the Deputy Chief Counsel at the Comptroller of the Currency (OCC), where he spent 16 years. Located at BuckleySandler’s Washington, DC, office, Stipano advises on all aspects of bank regulatory and compliance issues and represents clients in state, federal, and foreign banking enforcement actions. 

Stipano has been extensively involved in every major OCC enforcement action over the last 20 years up until the time of his departure. He also played a key role in every major BSA/AML post-USA PATRIOT Act rulemaking and policy issuance. 

According to George Mark, CEO and President of Verittas Risk Advisors, Inc.:

“We are extremely honored to have Daniel Stipano as part of our event. Daniel has a deep and rich understanding of the issues that banks face in complying with federal regulations in the current environment.”

The Roundtable boasts a group of speakers who will advise attendees on the complexities of current and impending regulations encompassing Anti Money Laundering(AML), Bank Secrecy Act (BSA) and other regulatory priorities.

Additional information about the event can be found at www.verittas.com/conference

Contact: George Mark
[email protected]
646-634-1945
www.verittas.com

Verittas Risk Advisors, Inc. contrata a Bob Flores para manejar la práctica de la costa oeste y Latino America

Nueva York, NY - 11 de noviembre de 2016- Verittas Risk Advisors, Inc. (Verittas) se complace en anunciar la contratación de Bob Flores, quien actuará como Director Gerente. Funcionará fuera de Irvine, California.

Sr. Flores se une a Verittas con más de 20 años de experiencia en cumplimiento normativo, especialmente en regulaciones de contra el lavado de dinero y la remediación de las acciones regulatorias.

"Verittas está emocionado de agregar a alguien del carácter, experiencia y pericia de Bob", dijo George Mark, CEO y fundador.

"Bob será fundamental para ayudar a nuestros clientes a cumplir con las complejidades de la Ley de Secreto Bancario y otros requisitos contra el lavado de dinero. En su nuevo cargo, Bob utilizará su experiencia para brindar liderazgo a nuestros clientes y expandir la presencia de Verittas en la costa oeste y expandir los Servicios de Asesoría BSA / AML de la Firma, incluyendo la creación y mejora de programas BSA / AML, Monitoreo de transacciones, validación de modelos de administración de casos y cumplimiento normativo BSA / AML general ".

Verittas Risk Advisors, Inc., es una firma nacional que presta servicios de consultoría, auditoría interna y asesoría de riesgo a las industrias financiera y bancaria. Verittas tiene oficinas en Nueva York y Irvine, California. Para obtener más información, visite www.verittas.com.

 

Verittas Risk Advisors, Inc. hires Bob Flores to manage West Coast practice

New York, NY – October 31, 2016 - Verittas Risk Advisors, Inc. (Verittas) is pleased to announce that Bob Flores is joining the firm as Managing Director. He will operate out of Irvine, California.


Flores brings over 20 years of experience in regulatory compliance, most notably in anti-money laundering and remediation of regulatory enforcement actions.


“Verittas is excited to add someone of Bob’s character, expertise and experience” George Mark, CEO and founder, said.


“Bob will be instrumental in assisting our clients to navigate  the complexities of Bank Secrecy Act and other anti-money laundering requirements. In his new role, Bob will use his expertise to provide leadership serving our clients, expand our presence on the West Coast and expand the firm’s BSA/AML Advisory Services..  This will include BSA/AML Program creation and enhancement, independent audit and risk assessment services, transaction monitoring, case management model validation and overall BSA/AML regulatory compliance.”


Verittas Risk Advisors, Inc., is a national Firm providing regulatory compliance, consulting, internal audit and risk advisory services to the financial and banking industries. Verittas has offices in New York City and Irvine, California.  For more information, please visit www.verittas.com.





Verittas Overview of Capabilities

(View PDF)


 

Verittas Risk Advisors, Inc., expands with hire of Bank Secrecy Act/Anti-Money Laundering Executive

 

New York, NY – July 18, 2016- Verittas Risk Advisors, Inc. (Verittas) announced today that Michael D. Eisner, has joined the Firm as a Managing Director, specializing in Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) regulatory, compliance and operational matters. This move results from significant growth by Verittas in meeting these critical client needs.


In his new role, Eisner will use his considerable expertise to expand the firm’s BSA/AML Advisory Services, including BSA/AML Program creation and enhancement, independent audit and risk assessment services, transaction monitoring, case management model validation and overall BSA/AML regulatory compliance. Eisner’s focus will be on providing world class service for existing and new clients.

 

“Michael's skill set will be a great addition to Verittas” according to CEO, George Mark.  “He comes to Verittas with great expertise, relevant experience and serious business acumen.”


Eisner has over 15 years of BSA/AML experience, including 10 years of managing both anti-fraud and BSA/AML investigation units at various financial institutions, large and small, including private banking, retail banking, trust services and asset management.

Verittas Risk Advisors, Inc., is a national Firm providing regulatory consulting, internal audit and risk advisory services to the financial and banking industries. Verittas has offices in New York City.  For more information, please visit www.verittas.com.

Michael Eisner

"Cybersecurity: Tales from the Trenches"

September 29, 2014, New York, NY -- Verittas Risk Advisors, Inc. (Verittas) announced that George Mark, CEO, participated in a panel presentation titled "Cybersecurity: Tales from the Trenches" at the Financial Managers Society 2014 East Coast Regional Conference in Hershey, PA on September 28, 2014. The panel was a joint presentation of Verittas, Tangible Security, and Teraverde Management Advisors. The conference is held annually for financial executives representing companies throughout the East Coast.

The panel discussed a variety of cybersecurity threats that banks face; how recent hacking incidents were accomplished; and key risk reduction techniques, including how companies can improve security by “ethical hacking,” in which “gray hat hackers” use the same techniques as the most sophisticated real hackers.

A regulatory report earlier this year on cyber security in the banking sector found that most institutions surveyed have come under cyber-attack at some point in the past three years. The attacks were irrespective of the institutions' sizes, highlighting how prevalent an issue hacking has become.

"Many leading banking executives worry that we're going to have some major cyber event in the financial system that's going to cause us all to shudder," commented Mark.

Mark also noted that while there's a role for policy makers and legislators to address the issue, the public sector may also be able to prod the private sector to take steps to better handle the risk.

"We need to think about ways to incentivize the market participants to do more to protect themselves from attacks," Mark said.

Mark noted the rising market for cyber-attack insurance, still in its relative infancy. That, in turn, could help companies improve their internal systems to fight such breaches, as those efforts could help them secure policies.

The panel also discussed the frequent compromises of routine operational procedures by employees and vendors that are the source of most security breaches, and the importance of ongoing security assessments because new vulnerabilities are continually being introduced into technology systems, business processes and through employee behaviors.

Verittas Risk Advisors is a national firm providing regulatory consulting, internal audit and risk advisory services to the financial and banking industries. Verittas has offices in New York City, Coral Gables, Dallas and Lancaster, PA. For more information visit www.verittas.com

Media Contact:
Gail McGrew
McGrew Marketing
215.262.5284
[email protected]