NEW YORK, March 8, 2011 /PRNewswire/ -- IPSA International, Inc. (IPSA), an international risk advisory firm, is pleased to announce Gary Ferrari has joined as Senior Director for the firm's Anti-Money Laundering (AML) Practice in New York. In this role, Mr. Ferrari will be responsible for leading AML compliance and remediation engagements for IPSA.
Mr. Ferrari comes to IPSA with 20 years of regulatory compliance experience in building and assessing compliance programs and remediating regulatory enforcement actions. Formerly serving as the VP of Global Compliance for American Express, Mr. Ferrari originated the regulatory compliance program and played an integral role in its global implementation throughout many of its lines of business. He is credited with performing the first AML risk assessment and initiating the AML compliance program for American Express Travel Related Services.
"I had the pleasure of working for Gary as one of his vendors while he was at American Express. His demanding yet professional approach was appreciated back then and I am confident it will prove beneficial to our clients. IPSA is very lucky to have Gary on the team as we return to our 2008 growth objectives," stated Dan Wachtler, IPSA International's CEO.
Mr. Ferrari co-led two substantial and successful regulatory AML remediation efforts at American Express Bank's Latin American private bank and its global correspondent banking business. He has also led or overseen compliance programs in the U.S. and around the world - in retail and commercial credit card marketing and operations, travel services, money services businesses, government contracting, student lending, accounting and business consulting, technologies and e-commerce and labor and employment.
Gary adds, "I'm pleased to have the opportunity to join forces with Dan and the IPSA team, and to share my experience with IPSA's clients in the financial services arena. Many institutions today find themselves under regulatory enforcement actions, many of which can be avoided with a formal risk assessment of their AML programs and implementation of a corrective action plan by professionals who have been through this process. Every AML Program should have a perpetual action plan that compiles current needs, tracks progress through closure, then moves them off the list."
IPSA International, Inc. is an international risk advisory firm which provides clients in the corporate, financial and legal communities with high-end investigative consulting services. IPSA's preferred practice areas are: Anti-Money Laundering, Due Diligence, Intellectual Property Protection, Litigation Support and Operational Risk services.
Contact: Jillian Bernaiche
Phone: 602-889-1626 ; 480-235-2066
SOURCE IPSA International, Inc.