Salvatore LaScala is a partner and head of Guidehouse’s Global Investigations and Compliance practice.
Possessing a broad range of subject matter knowledge and expertise, Salvatore applies his 20+ years of hands-on experience to conduct investigations and compliance reviews on behalf of financial institution clients responding to regulatory or law enforcement matters concerning anti-money laundering (AML), Bank Secrecy Act (BSA), USA PATRIOT Act and Office of Foreign Assets Control (OFAC).
Salvatore leads large teams that regularly perform historical transaction reviews (“Lookbacks”) and Know Your Customer (KYC) / Customer Due Diligence (CDD) / Enhanced Due Diligence (EDD) file remediation work. He also helps clients overcome AML and OFAC backlogs by deploying teams embedded at his clients’ work sites to that disposition alerts. Salvatore's expertise also includes assisting clients with the selection, implementation, optimization and validation AML and OFAC compliance technology consulting and enhancing AML transaction monitoring detection scenarios and sanctions filter interdiction logic.
Salvatore championed the development and implementation of Guidehouse’s proprietary engagement technology, known industry wide as STAR™ (Suspicious Transaction Analysis and Reporting). The STAR™ rules engine and case management system expedite the AML risk ranking and investigation of billions of financial transactions and account information. The STAR™ platform has been deployed to file over 25,000 SARs (Suspicious Activity Reports) and resolve investigation of AML, BSA, OFAC, fraud and mortgage matters pursuant to Lookbacks and investigations.
Salvatore also leads and manages enterprise-level projects addressing financial fraud, forensic accounting, monitorships and Independent Private Sector Inspector General (IPSIG) activities, and class action law suits.
Prior to joining Guidehouse, Salvatore was the Executive Director at Daylight Forensic, the Managing Director of KPMG’s forensic practice that delivered client services and performed as the product leader for AML, OFAC, and FCPA compliance matters. Earlier in his career, he was a Special Agent with the Internal IRS-CID and practiced law in the State of New York.
Salvatore's advanced skills and subject matter expertise include: Anti-money laundering (AML), Office of Foreign Assets Control (OFAC), Bank Secrecy Act (BSA), Foreign Corrupt Practices Act (FCPA), Private Banking Correspondent Banking, Wholesale Banking, Remote Deposit Capture (RDC), Actimize, NetEconomy, SAS, FircoSoft, Prime, Bridger, Mantas, SearchSpace, FIU, financial fraud investigations, Lookbacks, Financial Services Monitorships, KYC/CDD/EDD Remediation, NYS DFS Part 504 and AML Project Management.
J.D., Quinnipiac University School of Law B.B.A., Iona College
Member of Bar, State of NY Certified Fraud Examiner (CFE)