S.V.P. Head of Sanctions
Bank of China
Salvatore is currently employed by Bank of China, as Senior Vice President in the Legal & Compliance Department as Head of Sanctions. In this current role Salvatore is accountable for the remediation of sanctions related opportunities and is implementing a comprehensive sanctions compliance risk framework for the bank. Previously, he has implemented for major domestic and foreign financial institutions AML and Sanctions compliance related programs and technology efforts. During his career, he had numerous opportunities in remediating Consent Order or Deferred Prosecution Agreement enforcement actions.
In addition to Private Sector experience, Salvatore worked for the U.S. Department of the Treasury, Terrorism and Financial Intelligence, Office of Foreign Assets Control. In this capacity, Salvatore was involved with sanctions program implementations, advisory, program compliance, outreach and enforcement. Salvatore also represented the US Government in various interactions with other U.S. agencies, Foreign Governments and Private individuals.
Salvatore is a tested banking and government professional with experience in AML & OFAC and international sanctions compliance, internal control, consumer banking, securities, trade services & payment operations and e-commerce products. Salvatore is considered a subject matter expert in both technical and management experience in the developing and coordinating robust compliance programs, as well as regulations pertaining to Bank Secrecy Act (BSA), Anti-Money Laundering (AML), U.S.A. Patriot Act, U.S. and International Economic and Trade sanctions, and Foreign Corrupt Practices Act (FCPA).