RONALD N BASINI, CAMS
Senior Consultant

Operations and Compliance Professional with more than 25 years experience in the Compliance, Paying and Receiving, Foreign Exchange, Money Market and Derivative Back Office, Customer Service, and the Reconciliations Departments. System experience includes GIFTS, Montran, Devon, and Unisoft. PC experience includes Microsoft Word, Microsoft Excel, Microsoft Project and Webex. Knowledge of SQL Server operations. Hands on Manager with a proven record of success. Certified Anti-Money Laundering Specialist endorsed by ACAMS.

PROFESSIONAL EXPERIENCE

INDEPENDENT CONSULTANT
Bekker Compliance Consulting Partners, LLC
2009 – Present

Ronald Basini is a Senior Consultant with Bekker Compliance Consulting Partners, LLC (BCCP) and, under written contract with BCCP, provides regulatory compliance consulting services to BCCP’s financial services clientele.

BDO/JP Morgan Chase/Washington Mutual Consultant
10/2008 - 12/2008 Present

Investigated and analyzed suspicious activity generated by the bank's anti money laundering monitoring system (Searchspace) to confirm that the analysis and cases were being done properly by checking the customer/account information (CIP), related accounts, related alerts, transaction activity, risk assessments, scope, web based research i.e Westlaw, Lexis/Nexis, google and scrutinized previous SAR and CTR filings for the same customer. Had the authority to overturn the decision to file a SAR.

GIFTS SOFTWARE Business AML Analyst Compliance
04/1999 - 09/2008 Present

  • GIFTS Software chief consultant regarding all anti money laundering regulatory matters including independent reviews of transaction monitoring and alerts, policies and procedures, suspicious activity reporting, pattern analysis, mapping and data integrity check, risk assessment and assignment, workflow analysis and case management analysis and workflow;

  • Business specialist, intermediary and advisor regarding all GIFTS products. Evaluate customer's operational and business needs to assist them in the best utilization of the GIFTS systems. Assisted in the design of the GIFTSEDD Case Management System. Wrote extensive user guides, training guides and operational guides for GIFTS products i.e. ICSWEB (Investigations and Compensation), GIFTSEDD (Anti-Money Laundering), GIFTSWEB (Cash Management) and GIFTSADMIN (Security Administration);

  • Keep current on all aspects of money laundering prevention, legislation and regulations. Knowledge of both domestic and international anti money laundering regulations. Monitored media for negative marketplace information regarding anti-money laundering matters. Made anti-money laundering system change recommendations (product development) to reflect current governmental anti-money laundering rules and regulations. Assisted over 40 financial institutions in introducing anti-money laundering practices, procedures, policies, detection scenarios and programs to their operations utilizing common financial schemes and techniques. These policies include an overall compliance program, customer acceptance program, suspicious activity policy and risk assessment. Assist customers in interacting with internal and external auditors and regulators;

  • Developed training curriculum for GIFTSEDD (anti-money laundering) monitoring software. Trained Attorneys, Certified Public Accounts, Compliance Managers, Account Officers, Sales Personnel and general compliance staff on all aspects of money laundering prevention to monitor customers, accounts, SWIFT messages and transactions for suspicious activity. Created and utilized best market practices as anti-money laundering training examples covering topics such as Customer Identification, Currency Transaction Reports, Suspicious Activity Detection and Reporting, OFAC and Risk Assessment.

    • BROOKS ARMORED CAR SERVICE Compliance Manager
    01/1998 - 04/1999 Present

  • Devised and monitored nationwide anti-money laundering program;
  • Devised and later updated all internal policies and procedures regarding all money laundering prevention matters such as suspicious activity detection and reporting, Customer Identification Program and Bank Secrecy Act. Monitored nationwide branch compliance to the program through strict and timely follow-up;
  • Ensured that Account Officers and Sales Department fully documented customer account openings using proper customer information screening;
  • Produced internal anti-money laundering training manuals and policy manuals;
  • Conducted over 25 nationwide anti-money laundering seminars and training sessions

    • ACG CONSULTING GROUP Consultant
    01/1997 - 01/1998 Present

    Successfully completed various consulting assignments i.e. supervised a staff of ten employees at Bank One Dallas, Texas performing all Wire Transfer functions and Collection functions. Coordinated the centralization of nationwide operations to Dallas, Texas. Ensured that the bank complied with audit and regulatory rules and policies post centralization. Made recommendations regarding staffing requirements, training, workflow, performance improvement and systems development. Wrote the procedural manual for the department.

    SVENSKA HANDELSBANKEN
    Assistant Vice President
    04/1996 - 01/1997

  • Rewrote the Reconciliations procedure, which resulted in a 60% decrease in outstanding items;
  • Revamped the bank positioning procedures, which decreased overdraft interest by 65%;
  • Analyzed error trends to improve the quality of work, which decreased compensation by 50%;
  • Transformed a Customer Service Department with 250 unanswered inquires to a 48 hour response time operation. Educated the branches about S.W.I.F.T mapping, which decreased the payment repair ratio by 15%.

    • MITSUBISHI TRUST AND BANKING CORPORATION
    Assistant Vice President
    02/1987 - 12/1995 Present

  • Responsible for all activities of the Foreign Exchange, Money Market and Derivative Back office, Paying and Receiving, Investigations, Compensation and the Reconciliations Departments;
  • Instituted strict controls regarding the monitoring of OFAC, Bank Secrecy, bilateral credit limits, unqualified CHIPS payments, trading limits and confirmations. Outstanding confirmations decreased by 50% and unqualified CHIPS payments decreased by 10%;
  • Restructured the workflow in the Back office to accommodate new responsibilities i.e. telephone confirmations, Unisoft management, master agreement control and the revaluation of the trading portfolio to current market value without an increase in staffing or overtime. Streamlined the workflow in Paying and Receiving to improve efficiency and customer service;
  • Wrote an extensive procedural manual for the entire Operations Department, which later served as a model for the entire Mitsubishi network;
  • Monitored and compared the services of our brokers making recommendations to the Traders regarding usage. Brokerage costs decreased by 8%;
  • Reduced investigations and reconciliations by 60% and compensation by 40% through quality control, improved response time, strict policy, Senior Management participation and the analysis of trends. Negotiated the recovery of USD 100,000 in overdraft interest previously written off by management.

  • DAI-ICHI KANGYO BANK
    Assistant Manager/Operations
    02/1982 - 02/1987 Present


  • BARCLAYS BANK INTERNATIONAL LIMITED
    Assistant Supervisor/Investigations
    08/1974 - 02/1982 Present

    • EDUCATION AND CERTIFICATIONS

    B.A. Psychology, Pace University

    CERTIFICATIONS

    Certified and Member of The Association of Certified Anti-Laundering Specialist as a Anti-Money Laundering Expert since April 2005

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