Zachary
Byrne
Zachary is a Manager in the Anti-Money Laundering Consulting Practice at Deloitte. He assists banks, broker-dealers, mutual funds and insurance firms comply with Bank Secrecy Act / Anti-money laundering (“BSA/AML”), Counter-Terrorist Financing and Office of Foreign Assets Control (“OFAC”) requirements/regulatory expectations.
He leads teams in performing Program Assessments of financial institutions’ BSA/AML and OFAC programs. He assesses these financial institutions’ policies, procedures, processes, systems, and controls in place to support and comply with applicable BSA/AML/OFAC laws and regulations and to mitigate and control BSA/AML/OFAC risks. He presents observations and recommendations on areas of the BSA/AML and OFAC programs that did not appear to be consistent with regulatory requirements, regulatory expectations, policies and procedures, as well as industry practice.
In addition he leads teams in conducting validations of corrective actions taken by financial institutions against the requirements of the Matters Requiring Immediate Attention (MRIAs), Matters Requiring Attention (MRAs), Memos of Understanding (MOUs), and Formal Agreements (FA) received as a result of exams performed by regulators.