U.S. Department of Justice HSBC Monitorship

Acted as the work stream lead overseeing global testing of compliance technology as part of HSBC DOJ Monitorship. In 2013, HSBC avoided criminal prosecution by agreeing to a deferred prosecution agreement with the U.S. Department of Justice after admitting to anti-money laundering violations, including allowing drug cartels to launder billions through its accounts. As part of the settlement, HSBC paid a $1.9 billion fine and agreed to a five-year monitorship, during which an independent monitor assessed and reported on the bank’s compliance improvements and internal controls.

As the global work stream lead responsible for compliance technology testing during the HSBC monitorship, led the assessment and validation of HSBC’s compliance technology systems, ensuring they met regulatory expectations and effectively mitigated financial crime risks. This included overseeing the testing of AML transaction monitoring systems, customer due diligence platforms, and sanctions screening tools. Managed cross-functional teams across multiple jurisdictions, coordinating test planning, execution, and reporting efforts. This included evaluating system logic, rule configurations, alert generation, and escalation processes to determine whether HSBC’s technology infrastructure could reliably detect suspicious activity.

Additionally, engaged in data analytics efforts that supported independent assessments of the bank's compliance framework and residual AML risk. This involved querying and analyzing large datasets to identify anomalies, test data integrity, and measure system outputs against expected behaviors. He also collaborated with analytics groups, IT compliance, and business stakeholders to track remediation of identified issues and ensure alignment with global regulatory standards.

Served as a key liaison between the monitor’s office and HSBC’s technology and compliance teams, ensuring transparency, accuracy, and accountability, throughout the monitorship. This work contributed to the monitor’s annual assessments and ultimately supported HSBC’s successful completion of the multi-year monitorship.

The engagement was global and included conducting reviews and reporting on behalf of the following regulators:

• Federal Reserve Board ("FRB")

• Mexico Comisión Nacional Bancaria y de Valores ("CNBV") (National Banking and Securities Commission)

• Bermuda Monetary Authority

• Argentina Unidad de Información Financiera ("UIF")

• Brazil Council for Financial Activities Control ("COAf")

• Hong Kong Monetary Authority ("HKMA")

• Monetary Authority of Singapore ("MAS")

• Japan Ministry of Finance

• South Korea Financial Services Commission