Gustavo Acevedo, CAMS, CGSS

Experience

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  1st Natinal Bank of South Flori

  Jul 2000 - Aug 2005

  BSA Specialist

  Assisted BSA Officer with Risk Assessment of Bank’s products, services, policies, procedures, analyzed and interpreted Federal Compliance Laws and Regulations.Prepared monthly BSA/AML monitoring reports for Compliance Committee.Assisted BSA Officer with BSA internal and external audit.Reviewed new accounts risk profile including client’s background information to determine adequate risk classification and business designation at account opening.Ensured compliance with KYC, CIP, CDD/EDD, OFAC and record retention requirements.Conducted the monitoring of High Risk Accounts and identified any potential suspicious concern.Responsible for identifying unusual and or suspicious activity and ensuring that SARs and CTRs were filed in a timely manner.Responsible for processing Bank’s core system to ensure data files were properly processed and systems were updated/balanced accordingly.Through knowledge of transactional analysis and research. Show less

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  Ocean Bank

  Aug 2005 - Dec 2010

  Officer - Supervisor and Sr. BSA Analyst

  Assisted BSA Officer, Asst. BSA Officer and BSA Manager with Audits/Examinations, Board of Directors Monthly Reports and Annual Employee Performance Reviews. Reviewed, revised and drafted department policies and procedures and presented to Senior Management for approval. Supervised and Managed BSA Analysts that conducted High Risk and periodic reviews/investigations such as FinCEN 314a, FinCEN 314b, Annual High Risk Reviews which included high risk customers such as Politically Exposed Persons (PEPs), OFAC, Foreign Government Embassies/Consulates, Correspondent Banking, Money Services Businesses (MSBs), Monetary Instruments, Pouch, Enhanced Due Diligence and Ad Hoc Investigations (i.e. Subpoenas, Wire Trending Review, ATM Trending Review, Cash Trending Review and EDD Referrals). Responsible for planning and monitoring production staff. Ensured that potentially suspicious transactions were appropriately identified within specified timeframes and that decision to file, or not to file Suspicious Activity Reports were adequately supported. Prepared, filed Suspicious Activity Reports, Amendments/Corrections accordingly with FinCEN. Show less

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  HSBC Private Bank International

  Dec 2010 - Aug 2015

  Compliance Officer

  Provided BSA/AML OFAC Sanctions compliance advisory to the most complex areas/products of private banking personnel including Senior Management and fiduciary activities to ensure compliance with applicable laws and regulations, including the remediation of high risk, medium risk and standard risk accounts.Communicated with front - line management to discuss appropriate action to be taken when risk (s) were identified to ensure and maintain compliance with applicable laws and regulations.Responsible for reviewing and investigating escalated payments and/or transactions which have been identified as containing potential OFAC matches and or potential breaches or violations of U.S. economic sanctions and trade restrictions. Served as Point of Contact for all FinCEN 314b communications and responsible for completing review.Responsible for ensuring that the client’s profile information was considered accurate, adequate and sufficient to comply with bank’s global CDD/EDD standards. Show less

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  Sunstate Bank (Miami, FL)

  Aug 2015 - Jun 2024

  SVP, BSA/AML OFAC Officer

  Responsible for management and oversight of a comprehensive, effective and risk based BSA/Anti-Money Laundering and OFAC Sanctions compliance program for the Bank, including reviewing, updating, developing, testing and implementing relevant policies and procedures so as to conform with all regulatory requirements prescribed by but not limited to the USA Patriot Act, the Bank Secrecy Act, FinCEN, and or OFAC.Responsible for identifying, mitigating, and reporting any significant risk exposure to the Audit Committee and or Board of Directors.Provide support and direction on BSA/AML OFAC sanctions risk issues to all areas of the bank.Responsible for coordinating internal and external audits efforts and ensuring that these are addressed to comply with applicable regulations and requirements.Serve as point of contact for law enforcement requests and ensure that all requests received from an appropriate law enforcement agency are fully complied with.Ensure that adequate policies and procedures and controls are in place, developed, implemented and maintained in order to mitigate bank wide enterprise risk. Show less

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  Banco do Brasil Americas

  Jun 2024 - now

  SVP, BSA/AML Compliance & OFAC Officer