Craig Timm is Bank of America’s Financial Crimes Executive for Strategic Initiatives, Government Liaison, and Emerging Risks. In this role, he is responsible for the management of strategic initiatives related to financial crimes, including participation in the Bank Secrecy Act Advisory Group, 314(b) information sharing initiatives, and the Wolfsberg Group as well as managing the day-to-day liaison with FinCEN, the U.S. Treasury, senior financial crimes policy officials at the OCC and Federal Reserve Board, key law enforcement agencies, and the U.S. Department of Justice. From 2016 to 2019, Craig was the Financial Crimes Executive for the Global Wealth and Investment Management business lines where he served as the designated Anti-Money Laundering Compliance Officer for Merrill Lynch Pierce Fenner & Smith and U.S. Trust Company of Delaware.
Craig joined Bank of America in January 2016 from the Department of Justice, having most recently served as a Deputy Chief in the Asset Forfeiture and Money Laundering Section (now Money Laundering and Asset Recovery Section) in the Criminal Division at headquarters in Washington, DC. In that role, he led a team of prosecutors responsible for enforcing criminal violations of the Bank Secrecy Act, U.S. Economic Sanctions, and money laundering laws committed by financial institutions and their employees. As a trial attorney in the same unit, Craig prosecuted some of the largest financial institutions in the world including BNP Paribas, HSBC and MoneyGram. Craig began his career with the Department of Justice as an Assistant United States Attorney in the District of Arizona. At the Department of Justice, he was the recipient of a number of awards including the Attorney General’s Crime Victim’s Restoration Award, the Assistant Attorney General’s Award for Exceptional Service, and the Immigration and Customs Enforcement Director’s Meritorious Service Award.
Craig has an undergraduate degree from the University of Michigan and a law degree from the Northwestern University School of Law.