AML RightSource
AML RightSource is pleased to announce the appointment of Teresa A. (Terry) Pesce to the company’s Advisory Board. Ms. Pesce is President and CEO of Terry Pesce & Co LLC, an independent consultancy serving the financial services industry focusing on providing advisory services to boards and senior management, designing and implementing financial crimes programs, performing independent monitorships, providing expert witnesses services and assisting with responding to regulatory criticism and enforcement activity. Ms. Pesce will also be acting as a Senior Advisor to AML RightSource; in this role she will be available to assist AML RightSource clients with regulatory and other matters.
In noting Ms. Pesce’s appointment, Frank Ewing, AML RightSource CEO stated, “Having Terry Pesce join our Advisory Board provides us with another nationally recognized expert, who brings immense knowledge and insight and adds another valuable dimension to the Advisory Board.”
Prior to establishing Terry Pesce & Co LLC, Ms. Pesce spent 13 years as a Principal in KPMG’s Forensic Advisory Services, serving as Global Head of Anti-Money Laundering and Head of the firm’s Financial Crimes Solution. In that role, she spearheaded engagements for financial institutions in addressing numerous financial crimes and sanctions issues, including assisting clients facing regulatory enforcement actions, both private and public.
Before joining KPMG, Ms. Pesce was Executive Vice President and AML Director for the North American operations HSBC North America. She joined the bank to build out the AML compliance function for all business lines in response to a regulatory order imposed in 2003 and lifted by the OCC during her tenure in 2006.
Prior to joining HSBC, she was an Assistant United States Attorney in the Southern District of New York, serving as Chief of the Major Crimes Unit, and Deputy Chief of the Criminal Division. From 1999 through 2003, Terry was responsible for supervision and oversight of all money-laundering and tax prosecutions and worked closely with law enforcement and the financial regulatory agencies responsible for oversight of AML enforcement. During her tenure at the US Attorney’s office, she investigated and prosecuted numerous cases involving and charging money laundering.
Ms. Pesce holds a bachelor’s degree from Columbia University, where she graduated magna cum laude, Phi Beta Kappa, and a JD from Columbia University School of Law where she served as Managing Editor of the Law Review and received prizes in Constitutional Law and Trial Advocacy. She is a recognized industry speaker and has published numerous pieces on financial crimes and enforcement.
The AML RightSource Advisory Board provides the overall AML community with advice, counsel, and thought leadership on a variety of issues including enhancing global anti-money laundering (AML) and financial crime prevention practices and promoting private-public partnerships throughout the space.
John Byrne, AML RightSource Executive Vice President and Chairman of the Advisory Board, added “I have known Terry for many years, as we have worked to improve the regulatory environment in the US. We are happy that she is joining, us and will be bringing additional expertise to our Advisory Board as we continue to address all issues that impact financial crime prevention.”
In addition to Ms. Pesce, the other members of the Advisory Board include Nicolas Choules-Burbidge, Marilú Jiménez, Rick Small, Melissa Strait, Don Fort, and chairman, John Byrne.