THE TEAM

Phillip Carratala

Senior Consultant

About

Mr. Carratala is a seasoned financial industry executive with a global perspective on regulatory and Anti-Money Laundering (AML) compliance. He brings extensive international experience in overseeing comprehensive internal audits, addressing complex banking legislation, implementing compliance controls and systems in multiple jurisdictions, and conducting high-level negotiations with business executives, regulatory authorities and law enforcement officials. Mr. Carratala is a proven leader in handling multifaceted compliance issues, regulatory enforcement actions, and risk management.

Most recently, Mr. Carratala was the Mexico-Latin America Audit Director for Citigroup, Inc., accountable for the Financial Crimes Compliance/AML audits in the region. His responsibilities included building a strong core compliance audit team, implementing and overseeing an annual risk-based audit plan, providing subject matter expertise regarding money laundering, terrorist financing and other financial crimes, and ensuring top-quality audit assurance reviews.

Prior to joining Citigroup, Mr. Carratala was the Regional Vice President for Compliance for Western Union Financial Services, Inc., where he oversaw the AML compliance program for the Latin America and Caribbean region, led the regulatory efforts in Mexico, and managed compliance projects working with supervisory authorities and law enforcement as well as with senior business partners and executive stakeholders.

Additionally, Mr. Carratala has held various senior management roles in Compliance, Legal and Risk at several Miami-based international banking agencies, including ABN AMRO Bank, N.V.; Banco Bilbao Vizcaya Argentaria, S.A. (BBVA); and Banque Sudameris, S.A. These roles included Legal Counsel, Head of Risk Management, Head of AML Management, and Regulatory Compliance Manager.

Mr. Carratala commenced his professional career as a bank examiner with the Office of the Comptroller of the Currency (OCC). He has a Juris Doctor degree from the University of Miami School of Law and is a licensed attorney in the state of Florida. He is fully bilingual in English and Spanish.

The Team