Navigant Consulting Strengthens Global Investigations and Compliance Practice in North America with Addition of Senior Executive

CHICAGO and TORONTO - May 6, 2019 - Navigant today announced that Stephen Alsace has joined Navigant’s Financial Services Advisory and Compliance (FSAC) business segment as a director in the global investigations and compliance (GIC) practice, based in Toronto.

Alsace will help guide financial services executives in Canada and the U.S. in developing effective sanctions, anti-money laundering (AML), and anti-terrorist financing (ATF) risk management and compliance programs through the use of technology and automation solutions.

“Navigant’s dedication to expanding technology solutions is crucial to combating financial crime and increasing effectiveness and efficiency in regulatory compliance,” said Alsace. “I’m excited to join the GIC team and help our clients drive cost savings and protect their reputations through compliance automation.”

Alsace has nearly 20 years of experience in financial services and compliance, most recently serving as head of sanctions and anti-terrorist financing at the Canadian Imperial Bank of Commerce (CIBC), where he was responsible for global monitoring and prevention efforts, as well as internal compliance related to sanctions and terrorist financing. He has extensive legal experience in AML and sanctions engagements across the U.S. and Canada, and has worked with financial regulators and federal law enforcement in Canada, the U.S., Hong Kong, Singapore, and the UK. 

“Despite recent efforts to strengthen financial regulation and increase enforcement actions, Canada, like other countries, continues to face significant financial crime risks, with money laundering a particularly pressing matter,” said Ellen Zimiles, managing director and segment leader of FSAC. “Stephen’s background working with regulators, not just in the U.S. and Canada, but across Europe and Asia, is extremely valuable to our practice. We look forward to Stephen helping us continue to expand our global service offering.”

“When it comes to navigating an increasingly sophisticated financial crime and compliance landscape, Stephen’s approach to staying ‘two steps ahead’ is a perfect fit for our client service model,” said Salvatore LaScala, managing director and co-head of GIC. “In addition to combating existing criminal cases, we’re putting technology and automation at the forefront of our risk and compliance solutions to help prevent future violations and reputational risk for financial institutions.”

At CIBC, Alsace managed complex investigations, lookbacks, clearing backlogs, and developing automated screening solutions beyond sanctions, to address other areas of financial and reputational risk. He also previously served as CIBC’s acting head of high risk and enhanced due diligence, as well as senior counsel. 

Navigant’s GIC practice specialists have the deep expertise and skills required to provide compliance strategies and programs that are rigorous, as well as to offer pragmatic recommendations, which allow clients to act with clarity and decisiveness. Its services include monitorships required under regulatory settlements, corporate investigations, remediation of regulatory violations and financial crime deficiencies, bespoke creation of AML programs, and the use of new technologies, such as artificial intelligence and machine learning, to reduce the cost of compliance and boost operational efficiency.

 

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