Ross S. Delston is an independent American attorney, expert witness, Certified Anti-Money Laundering Specialist (CAMS), and former U.S. banking regulator (FDIC) who has specialized in Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) issues for over 20 years. Ross has participated in the monitorships for two financial institutions, AIG and BNP Paribas, and has been a consultant to the IMF on AML/CFT and banking matters since 1997. On behalf of the IMF, he has participated in nine AML/CFT assessments of offshore financial centers, including Jersey, Guernsey, Isle of Man, Bermuda, and St. Vincent. Ross has also been an expert witness in 15 civil cases, including on behalf of the U.S. Attorney’s Office (SDNY) in U.S. v. Prevezon, a civil forfeiture action involving the proceeds of a massive Russian fraud.
Ross has drafted trade finance policies and procedures to address TBML risks for a major multinational bank and conducted training on the new policies and procedures. He has
co-authored two law review articles on TBML: “Strengthening Our Security: A New International Standard on TBML is Needed Now” (2012) and “Reaching Beyond Banks: How to Target TBML and Terrorist Financing Outside the Financial Sector” (2009). Ross started his career at the U.S. Export-Import Bank (1976-86).
Ross has been quoted on AML/CFT and banking issues in the New York Times, Washington Post, Wall Street Journal, New Yorker, the American Banker, Bloomberg, ICIJ, OCCRP, the Times of London, the Nikkei (Japan) and the Hindu Business Line (India). He has lectured and conducted training on AML and banking topics at the U.S. Financial Crimes Enforcement Network (FinCEN); the Peoples Bank of China (central bank) in Dalian on behalf of the IMF; the Reserve Bank of India’s Staff College in Chennai; for U.S. bank examiners at the 2016 FFIEC Advanced BSA/AML Specialists Conference; and at conferences and seminars throughout the world.
Financial crime is a constant whatever the era but in times of crisis criminals become even more creative. Coronavirus â€˜cures, PPEs, testing and vaccines all present attractive opportunities for fraudsters to take advantage of our ...