Instructor

Sharon Farrell

Practical Experience:

Ms. Farrell began her career as an Assistant District Attorney in Kings County where she handled a wide variety of matters from arrest through conviction. She then joined the New York State Banking Department as Investigative Counsel to the Superintendant and focused attention on a variety of fraud and white collar crimes, especially suspicious activity, bank and mortgage fraud.

With the swift passage of the USA Patriot Act in 2001, Ms. Farrell joined the NY "High Intensity Financial Crimes Area", a joint State and Federal task force, where she supervised the Case Support group for law enforcement and implemented the "BSA Best Practices Program" to facilitate the industry's compliance.

She has since worked to assist several financial institutions, domestic and foreign, in getting their regulatory enforcement actions, citing AML deficiencies, lifted swiftly. Ms Farrell has held the positions of Director of AML, BSA and OFAC Officer, and Head of Compliance Management. In those roles, she has successfully managed day to day activity; developed and delivered targeted training to staff, senior management and the Boards of Directors on an array of compliance topics; interfaced with executive management, regulators and auditors; drafted and implemented policies, procedures and effective controls.

Areas of Expertise:

BSA/AML

Know your Customer/Customer Identification Procedures

Due Diligence/Enhanced Due Diligence

Information Sharing

Suspicious Activity: Identification, Investigations and Reporting

Recordkeeping and reporting

OFAC

Insider Trading

Government Subpoena Compliance

Internal Employee Investigations

Education:

Fordham University, College at Lincoln Center, BA, Political Science

St. John's University School of Law, JD

CAMS speaker