Sanctions Compliance, Bank of China
Salvatore provides sanctions consulting services to financial institutions, law firms, US government, and commercial enterprises. He was the former Head of US Economic Sanctions at HSBC North America Holdings, where he built a comprehensive sanctions program with centralized client and transactional sanction alert clearing teams, a dedicated sanctions technology management team, and a program office that consisted of a Sanctions Policy, Communications and Training unit, a Sanctions Advisory unit, and a Sanctions Complex Investigations Team. He joined HSBC from the U.S. Department of the Treasury, OFAC. At OFAC, Salvatore specialized in Compliance and Outreach programs and served as a subject matter resource to industries and law enforcement on a wide range of issues relating to US economic sanctions compliance. He was a former chairman of the National Regulatory & Risk Committee of the International Financial Services Association, the Clearing House – OFAC Working Group, and the UN Working Group on Terrorist Sanctions programs, and Federal Financial Institutions Examinations Counsel representing OFAC. Salvatore is also the current Sanctions and AML Senior Fellow from Practice for the Regulatory Compliance Association.