Salvatore LaScala is the AML Practice Leader and Managing Director for Navigant’s Global Investigations and Compliance team in New York, NY.
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, Office of Foreign Assets Control (OFAC) and the Foreign Corrupt Practices Act (FCPA).
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.
Salvatore's expertise also includes assisting clients with the selection, implementation, optimization and validation AML and OFAC compliance technology and enhancing AML transaction monitoring detection scenarios and sanctions filtering interdiction logic. He has also championed the development and implementation of Navigant’s proprietary AML, BSA, OFAC, fraud and mortgage remediation technology, known industry wide as STAR™ (Suspicious Transaction Analysis and Reporting). The STAR™ rules engine and case management system expedite the AML and OFAC risk ranking and has expedited the investigation and disposition of billions of financial transactions and accounts. Additionally, 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.
Prior to joining Navigant, Salvatore was an 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, BSA, 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 skills and subject matter and operational 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 and AML Project Management.
Admitted to the Bar of New York State in 1993, Salvatore earned his Juris Doctorate from Quinnipiac University. He also possesses a BBA in Public Accounting from Iona College in New Rochelle, NY, and he is a Certified Fraud Examiner.