PETER M. KARL, CFE
Manorville, NY 11949
Professional Summary: Seasoned investigative manager with a law enforcement background and more than 20 years of experience at major financial institutions. Proficient in the use of BSA/AML monitoring systems including Norkom, Mantas, Actimize, Prime and Syfact. Proficient in OFAC screening and the use of BAM of Banker's Tool Box, Lexis Nexis, Clear Reports, Factiva, World Check, RDC, as well as Word, Excel (pivot tables), Outlook, and Power Point. Experienced in managing/tracking 314(a) requests.
Consultant; Standard Chartered Bank December, 2019 to Present
Reviewed wire payments involving individuals and businesses using bank systems and external sources to mitigate risk. Analyzed flow of funds; high risk customer activity; and public domain search results. Conducted detailed investigations and prepared investigative reports with supporting documentation. Recommended, prepared and submitted SARs.
Consultant; Shinhan Bank NYC May, 2018 through October, 2018
Reviewed high risk transactions involving individuals and businesses using enhanced due diligence procedures to mitigate risk posed by correspondent banking. Analyzed correspondent banking activity to ascertain trends and determine suspicious activity. Conducted detailed investigations and prepared investigative reports with supporting documentation. Recommended and submitted SARs.
Consultant; Community Federal Savings Bank February, 2018 through April, 2018
Utilized KYC (CIP/CDD/EDD) for on-boarding new customers and identified beneficial ownership, PEP's and sanctions. Ensured client data and information was accurate and compliant with regulatory requirements. This information assisted the client’s decision in initiating, maintaining or closing the business relationship.
Consultant; Apple Bank October, 2017 to February, 2018
Assisted in a “look back” project; assigned complex cases and investigated potentially suspicious activity using bank systems, subscription and public databases. Identified accurate risk ratings for individual and business accounts using high risk jurisdictions, cash intensive/high risk businesses, and Politically Exposed Persons (PEPs). Conducted complex investigations involving money service businesses (MSBs) and check cashing businesses. Recommended SARs.
Consultant; New York Community Bank June, 2016 to October, 2017
Prepared Suspicious Activity Reports, as well as 90-day reviews. Utilized KYC (CIP/CDD/EDD) for existing relationships; identified beneficial ownership, PEPs and sanctions. Conducted complex investigations and investigated potentially suspicious activity using bank systems, private and public databases, and other research tools.
Peter Karl Page Two
Consultant; Discover Financial Services; Columbus, OH March, 2015 to May, 2016.
Assigned to a PWC “look back” project. Performed Quality Control function for a team of 12, maintained Quality Control Checklist for each case and tracked completed cases as a team. Cases involved credit cards, checks, CDs, and loan products. Performed QA on all SARs generated by the team.
Consultant; M&T Bank; Buffalo, NY June, 2013 to February, 2015
Assigned by Deloitte to an extended remediation project. Used private and public databases, and other research to update customer information within retail banking, Private Banking, Commercial banking, loan and trust administration. Performed tuning and testing tasks in coordination with the project management team. Recommended and completed SARs.
Consultant; GE Aviation Norwalk, CT December, 2012 to May, 2013
●Assigned by Deloitte to perform Enhanced Due Diligence (EDD) investigations on high risk clients resulting in the termination of several account relationships.
Consultant; HSBC; Wilmington, DE June, 2011 to Nov, 2012
Assigned by Deloitte to review high risk transactions on businesses and individuals using bank systems and enhanced due diligence procedures to mitigate risk posed by correspondent banking. Analyzed flow of funds; high risk customer activity; and public domain search results. Conducted detailed investigations and prepared investigative reports with supporting documentation. Recommended, prepared and submitted SARs.
Manager, Risk Operations, Bethpage Federal Credit Union, Bethpage, NY 2009 to 2011
Managed fraud and BSA AML investigations; implemented fraud awareness and AML training. Managed the installation of an AML/fraud alert monitoring software.
Vice President, Corporate Investigations; Capital One Bank, New York, NY 2005 to 2008
●Managed a team of Investigative Specialists; responsible for managing and conducting fraud and BSA AML investigations. Responsible for SAR submissions.
VP Investigative Services Manager; State Street Corporation, Boston, MA. 1995 to 2005
●Managed a global investigations unit responsible for loan fraud, wire fraud, check fraud, securities fraud, BSA AML cases, and employee misconduct.
Manager, Chase Bank, New York, Mid Atlantic, and Western Regions 1985 to 1995
●Responsible for investigative services as Chase’s Mid Atlantic and Western
Region Manager. Investigated fraud, employee misconduct and money laundering cases.
Federal Bureau of Investigation 1980 to 1985
●New York Office 26 Federal Plaza, NYC, NY; assignments to the Major Case Unit; Bank Robbery Task Force and the White Collar Crime Unit.
John Jay College of Criminal Justice, New York, NY, BS in Public Administration