Triggered Response: Ensuring Your TM System Adheres to NY DFS Rule 504

Dr. William Scott Grob is a financial-crime and risk leader specializing in AML, sanctions, fraud, and emerging typologies. He previously served as director of research and analysis at ACAMS, leading global research on enforcement actions and SAR/STR trends and delivering practitioner-focused training for financial institutions, regulators, and law enforcement partners. He brings more than 25 years of experience across Freddie Mac, Deutsche Bank and HSBC. He holds a Doctorate in Management, completed Harvard Business School’s General Management Program, and maintains multiple industry certifications.

Meryl Lutsky currently serves as the Executive Vice President & General Counsel, Chief Compliance Officer at T&M, a corporate investigations firm based in New York City, where she drives the overall compliance policy for the firm, assists clients with their compliance needs, and supervises anti-money laundering and financial crime investigations. Meryl has been with T&M since 2018.

Prior to working at T&M, Meryl served for twelve years as Chief of the Money Laundering Investigations Unit and Chief of the Statewide Crime Proceeds Strike Force for the New York State Attorney General’s Office, where she investigated and prosecuted violations of money laundering as well as violations of the Banking and Tax laws. She led a task force of regulators, civil and criminal investigators, agents, auditors, and attorneys from multiple federal, state and local law enforcement agencies. She prosecuted cases in both state and federal courts and maintained Top Secret Clearance while conducting investigations with the Joint Terrorism Task Force.

Before she ran the Strike Force, Meryl spent four years tracking down and prosecuting organized crime figures at the Organized Crime Task Force. Meryl started her legal career as an Assistant District Attorney at the Queens County District Attorney’s Office.

Meryl is also a noted public speaker and subject matter expert in the field of money laundering and financial crime, speaking at conferences throughout the world. She is a past recipient of the ACAMS Anti-Money Laundering Professional of the Year award and is currently Co-Chair of the ACAMS New York Chapter.

• Violette has over 20  years of hands-on experience working in the AML Transactions Monitoring  & Alert & Case Investigations space.  Violette worked extensively with all leading AML TM  & CM products / systems and is recognized as  leading AML TM SMEs
• Violette designed, built, enhanced, improved and implemented and operationally integrated several of the leading and in-house AML Transactions Monitoring and Alert & Case Investigation systems including Oracle Mantas, Actimize SAM, Fortent-Monitor, SAS and Detica-Norkom.  
• Violette specializes in Transactions Monitoring System & Operational Optimization, Tuning, Calibration, Segmentation Modeling and Alert Risk Scoring Modeling
• Violette pioneered the concept of AML Risks Alignment with Transactions Monitoring Coverage and developed first Risk Based Topology Mapping Methodology
• Violette also designed and build numerous Alert & Case Management Systems  including Digital Harbor (Digital Harbor – was then sold to Norkom), ICMS, SYFACT - Actimize ERCM (SYFACT was then sold to NICE Actimize and it became what is known today as Actimize ERCM) as well the new Oracle-Mantas Case Management System & other in-house CM & AML TM  Systems.
• Violette emphasizes the importance of strong, scalable Operating Model and  a comprehensive and flexible KPI / MIS reporting capabilities and works diligently with key Project Stakeholders to achieve the required level of Risk Reporting capabilities
• Violette  also specializes in AML Risk Assessments, Independent Model Validations, AML Transaction Monitoring Coverage Assessments and CRR Modeling (Customer Risk Rating – Customer Risk Scoring) having designed and build supporting tools that enable Financial Institutions to link CRR  with  AML Transaction Monitoring System and utilize the output from both in the  AML Risk Assessment and AML Transaction Monitoring Coverage Assessment.
• Since 2006, Violette is the Acting Co-Chair of the AML Compliance Peer Roundtable (1,000+ members, holding 6 to 8 Peer Best Practices Workshops and Seminars every year in New York, London and Singapore).  From 2018 to 2020, Violette lead the NYDFS Rule 504 – Annual Program Certification scope & process definition.  The process was accepted by major financial institutions and became the Annual Certification Best Practice.