WASHINGTON, May 25, 2011 /PRNewswire/ -- Dominion Advisory Group is marking its 6th anniversary as the financial service industry's leading Anti-Money Laundering advisory and consulting firm. Since 2005 domestic and international financial institutions of all sizes have retained Dominion to build AML compliance programs that meet ever-increasing regulatory mandates to combat money laundering, financial crime, and terrorist financing.
David Caruso, Dominion's CEO attributes the firm's success to its record of assisting institutions in implementing strong operations to detect, investigate and report suspicious activity. "Monitoring transactions, conducting thorough investigations and reporting suspicious activity is the heart of strong AML programs. Dominion's expertise in this area and our work in many of the most significant AML enforcement actions over the past six years, enables us to deliver solutions that provide protection from the most serious consequences that stem from AML compliance weaknesses," says Caruso.
When Dominion was established in 2005, the company's leadership set out to differ itself from more traditional consulting firms by ensuring that the firm's partners and senior management would play the leading role in assisting its clients day in and day out. This on the ground and in the trenches approach enables Dominion to not just be the most innovative and successful provider of AML consulting solutions but because of the constant interaction with dozens of financial institutions, regulatory agencies and many enforcement agencies, Dominion gains insight and clarity into emerging issues before they impact financial institutions.
"Suspicious activity detection will always be the foundation on which all successful AML programs are built," says Caruso, "But now institutions must integrate customer risk rating, sanctions screening, and the ability to handle immense workloads that result from the environment of increasing expectations, and Dominion is at the forefront in these areas."
About Dominion: Dominion Advisory Group (www.dominion-advisors.com) is a U.S. based AML advisory and consulting firm retained by financial institutions to assess, design, and implement comprehensive AML compliance programs. Dominion specializes in assisting institutions that are the subject of regulatory or enforcement scrutiny. Working on many of the most notable AML matters over the past decade, including Riggs Bank, Dominion's principals bring unmatched experience and expertise, particularly in the area of transaction monitoring, investigations, SAR reporting, risk assessments, customer risk rating and training.
CONTACT: David Caruso, Dominion Advisory Group, +1-202-641-7485
SOURCE Dominion Advisory Group