Coalition Board of Directors
Donna Kitchen, Founding Sponsor
Hampton Roads Bankshares, Inc.
Elizabeth City, NC
Joe Soniat, BSA Coalition Sponsor
Bank Secrecy Act Officer, Union Bank and Trust
Ruther Glen, VA
Daniel Soto, BSA Coalition Sponsor
Chief Compliance Officer, Ally Financial Services, Inc.
Elaine Yancey, BSA Coalition Advisor
Managing Examiner, Federal Reserve Bank of Richmond
Chief AML Officer, Capital One
Supervisory Analyst, Northern Virginia’s Financial Initiative
SCC – Bureau of Financial Institutions,
Assistant Commissioner, Maryland Department of Labor, Licensing and Regulation
Financial Examiner, North Carolina Office of the Commissioner of Banks
AVP, BSA Officer, Hampton Roads Bankshares Inc
Virginia Beach, VA
BSA Officer, Entegra Bank
Auditor, Entegra Bank
Executive Vice President, Old Dominion National Bank
Sr. Risk Mgmt Officer, United Bank, Inc.
Dan Soto Chief Compliance Officer Ally Financial
The 2013 BSA Coalition Conference, hosted by the Federal Reserve Bank of Richmond, once again brought industry professionals, regulatory representatives and law enforcement officials together to discuss BSA/AML and fraud trends. The BSA Coalition, founded in 2008, is a network of individuals who discuss how to develop and implement leading edge BSA/AML compliance programs. The Richmond Fed plays an advisory role in the group.
The keynote speaker was Jennifer Shasky Calvery, director of the U. S. Treasury’s Financial Crimes Enforcement Network (FinCEN). In 2012, the conference focused on returning to a sense of normalcy in the aftermath of the economic crisis and trying to determine what would become the “new normal” for AML Programs. At this year’s conference, the “back to basics” theme from 2012’s program was broadened to “building for the future,” by directing the audience focus to some of the finer points of the foundational four pillars of BSA while also evaluating new risks. A number of legal experts and industry professionals participated as speakers, panelists and moderators. Conference topics ranged from best practices for handling law enforcement requests, to virtual currency, to four-pillar fundamentals like internal controls as well as regulatory developments and cyber banking risks.
During the conference, BSA Coalition Advisory Board member Dan Soto was presented with the BSA Coalition Award of Excellence. Soto has been instrumental in the Coalition’s development, securing event speakers and actively contributing to board events. Soto is the chief compliance officer for Ally Financial, where he is responsible for enterprise-wide compliance activities. A nationally renowned AML expert, he is a former FDIC bank examiner and worked for nearly ten years at the Board of Governors of the Federal Reserve System. Soto has also worked in key positions involving AML compliance at Wachovia/Wells Fargo, Royal Bank of Canada and Bank of America.