Salvatore Scotto, SVP, bank of China

alvatore is a globally recognized thought leader in Financial Crimes Compliance. He is a tested banking and government professional with experience in Anti Money Laundering, Office Foreign Assets Control and international sanctions compliance, internal control, consumer banking, securities, trade services & payment operations and e-commerce products. Salvatore has extensive experience in both technical and management aspects of developing and coordinating robust compliance programs, and the remediation of regulatory enforcement actions, MRAs, Consent Orders, and Deferred Prosecution Agreements. Salvatore is considered a Subject matter expert in regulations pertaining to Bank Secrecy Act (BSA), Anti-Money Laundering (AML), U.S.A. Patriot Act, U.S. and International Economic and Trade sanctions, and Foreign Corrupt Practices Act (FCPA). Salvatore is a frequent speaking for industry groups on AML, Sanctions and Compliance topics. Salvatore is currently employed by Bank of China, as Senior Vice President in the Legal & Compliance Department as Head of Sanctions. In this current role, Salvatore is accountable for the remediation of sanctions related opportunities and is implementing a comprehensive sanctions compliance risk framework for the bank. Previously, he has implemented for major domestic and foreign financial institutions AML and Sanctions compliance related programs and technology efforts. In addition to Private Sector experience, Salvatore worked for the U.S. Department of the Treasury, Terrorism and Financial Intelligence, Office of Foreign Assets Control, as a Senior Compliance Officer. In this capacity, Salvatore was involved with sanctions program implementations, advisory, program compliance, outreach and enforcement. Salvatore also represented the US Government in various interactions with other U.S. agencies, Foreign Governments and Private individuals.

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