Kroll, a prominent independent provider of global risk and financial advisory solutions, has announced the appointment of a new head for its new U.S. Financial Crime Advisory (FCA) practice.
It has been revealed that Tom Bock will spearhead the team, bringing over 30 years of extensive experience in guiding a diverse range of clients through complex challenges in anti-money laundering (AML), sanctions, regulatory compliance, and fraud and risk management.
His extensive track record includes serving as an independent consultant to global financial institutions, providing guidance on responding to enforcement actions brought by state and federal regulators.
The veteran has experience collaborating with industry titans such as the Federal Reserve Bank of New York, Financial Crimes Enforcement Network (FinCEN), and the New York State Department of Financial Services underscores his deep understanding of regulatory requirements and industry best practices.
Bock will leverage this wealth of experience to providing scalable, sustainable, and efficient solutions which enhance operational efficiencies and meet regulatory requirements.
This strategic move underscores Kroll’s commitment to delivering bespoke and innovative solutions to assist financial institutions, FinTech companies, and corporations in navigating the complex landscape of financial crime compliance.
The newly launched U.S. Financial Crime Advisory practice aims to offer customised, cutting-edge solutions tailored to address the most critical challenges in financial crime compliance faced by financial institutions, FinTech companies, and corporations.
A key focus of the new U.S. Financial Crime Advisory practice will be to assist financial institutions in achieving operational efficiencies through the strategic adoption of technology.
Bock emphasised the importance of leveraging technology to meet the increasing demands placed on compliance teams, stating, “In the current environment, compliance teams are under tremendous pressure to do more with less, and they are turning to technology to help achieve that goal. We recognise this challenge, and our team is tailor-made to help. We understand the importance of data architecture and data integrity, and we know how to choose and implement the right technology to transform traditional compliance programs into more scalable, sustainable and efficient solutions.”
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