John S. Karansky

January 29, 2015

John Karansky has 30 plus years of experience as a domestic and international financial services risk manager with experience in regulatory examination, AML / BSA / OFAC compliance, corporate security / anti-fraud prevention / investigation, audit and operational risk background and specialized skill-sets from organizations including the Federal Reserve Bank of Atlanta, Bank of America, Barclays Capital / PLC, Banco Industrial de Venezuela, Eastern Financial Credit Union, and Loan America Mortgage Company.

Most recently, John served as a Federal BSA/AML Risk Examiner in charge, leading, or participating in the supervision and examination of BSA/AML/OFAC compliance programs of state member large, regional, and community banks, foreign banking organizations, and bank holding companies in the Southeast and other Federal Reserve districts.  While at the Federal Reserve, he served as the interim BSA Risk Coordinator for the Federal Reserve Bank of San Francisco as well as conducted BSA / AML / OFAC training, performed Community Outreaches and served as a point of contact on BSA/AML issues including virtual currency and marijuana-related business controls.

Previously, John was the Senior BSA Risk Management Officer for Colonial Bank where he directed the BSA risk management program in a Region that offered retail, wealth management, treasury, commercial, consumer, and residential lending services.  As an integral part of the management team, he provided guidance, training, and support in mitigating the money laundering risks associated with South Florida and the Latin America markets.

John has specific experience in the following BSA/AML/OFAC areas: risk assessments, analytical and compliance reviews, directing KYC/EDD/CIP customer profile reviews, transaction monitoring, and AML/fraud Suspicious Activity investigations of higher risk client types that have included broker-dealers, currency exchanges, mortgage and insurance operations, internet operations, non-bank financial institutions, MSBS, PICS, NGOs/Charities, embassies/consulates, cash intensive businesses, PEPS as well as foreign banks, businesses, and government entities.  He has led the development of AML/OFAC customer monitoring applications and other risk management systems, written policies, procedures, and mitigating controls for AML, BSA, and OFAC regulations, reported on USA Patriot Act 9/11, OFAC and FINCEN 314(a) law enforcement searches, large currency transactions, CTR exemptions, and SARS, and implemented recordkeeping procedures in line with regulations for monetary instruments, remittances, and foreign banking organizations as well as managed an organization’s legal actions and attorney-client case preparation.

He has directed or participated on financial, operational, and compliance audits, CSA, COSO, M/A due diligence, regulatory remediation and look-backs, asset recovery and loan reviews involving commercial, investment, government and private banking operations, non-bank subsidiaries and affiliates, credit unions, and mortgage brokerage activities.

John has a Masters in Business Administration from Nova Southeastern University and holds the following professional certifications: Certified Anti-Money Laundering Specialist, Certified Fraud Examiner, Certified Anti-Money Laundering Certified Associate, Certified Financial Services Auditor, and Certified Bank Auditor.