Amy
Reed, CAMS, CCCE
Amy Reed, CAMS, is Senior Vice President, Chief Risk Officer of Bank Michigan and is responsible for overseeing the Bank’s BSA/AML and Fraud Department, as well as the Regulatory Compliance Department. She has over 15 years of experience in implementing and overseeing such programs for both smaller community banks and large regional financial institutions, as well as, over 22 years of general banking experience. Amy has developed several robust and comprehensive programs in these areas to address complex and high-risk customer activity to mitigate the likelihood and opportunity for money laundering, terrorist financing, or fraud.
Currently, Amy and her team monitors an extensive portfolio of Money Service Business (MSB) customers, in addition to, cannabis related entities, customers with privately owned ATMs, dealers in precious metals stones or jewels, international non-government organizations, and third-party payment processors – all within or near the Michigan High Intensity Drug Trafficking Area (HIDTA), including Metro Detroit. She works closely with federal regulators, law enforcement, and other various government agencies. She is a certified AML professional and member of the Association of Certified Anti-Money Laundering Specialist (ACAMS), which includes the Michigan Chapter. She has been appointed to the Michigan Chapter Board of Directors where she currently serves as the organization’s treasurer. She is also a certified commercial cannabis expert with ACCCE.