Karen M. Moloney, CAMS, CSS
Director – Global Sanctions
Karen Moloney is currently the Global Business Sanctions Advisor for Control and Corporate Functions at BNY (Bank of New York). She joined BNY with 20+ years of global experience in Financial Crimes compliance inclusive of payment, trade and brokerage investigations, training, independent reviews and remediations, risk assessment, organization design, best practices, hot topics such as crypto, alternative payment methods, export controls/restrictive measures and sanctions.
Prior to BNY, Karen worked as a consultant at Guidehouse, within the Financial Crime, Fraud, & Investigative Services practice. In addition, she has worked at two of the largest financial institutions in the world – JP Morgan Chase and Citibank in global roles within the financial crimes’ compliance organizations. Further, she has a unique perspective as prior examiner at FINRA and the Federal Reserve Bank where she specialized in AML/ BSA/ OFAC compliance of member firms and global institutions.
Karen joined Guidehouse from Citibank where she served as the Global Sanctions Head for Treasury and Trade Services (TTS) and Corporate Banking lines of businesses. In her role, she was accountable for strengthening the control environment across TTS. During her tenure, she led the TTS business through the remediation efforts of the final consent order actions resulting in the closure of the OCC Consent Order, advisory support of Citi TTS clients, products and controls related to the Russia occupation. Further she supported the business through implementation and extensive business growth with several large FinTech organizations across LATAM and Asia.
Prior to joining Citibank N.A., she held several senior roles in the Financial Crime Compliance organization at JPMorgan Chase (JPMC). Karen served as a BSA/AML Risk Specialist at the Federal Reserve Bank of Chicago where she was tasked with evaluating and recommending supervisory actions for institutions ranging in size from $1B to over $100B. She also held an examiner position at FINRA where she was tasked with reviewing the books and records of member firms, specializing in complex AML/BSA examinations. During her tenure at the FINRA, Karen received her examiner credentials to order to facilitate deep dive reviews of cycle and cause examinations, specializing in AML/ BSA and Sanctions compliance. Additionally, during her time at FINRA, Karen acted in the capacity of an expert witness in an administrative hearing with a disclosed Broker-Dealer subject to AML/ BSA enforcement action.
Early in her career, Karen worked as an AML Investigator at a mid-size institution and in the field of law enforcement with the Internal Revenue Service – Criminal Investigation and U.S. Attorney’s Office in Cincinnati, OH.
Prior to BNY, Karen worked as a consultant at Guidehouse, within the Financial Crime, Fraud, & Investigative Services practice. In addition, she has worked at two of the largest financial institutions in the world – JP Morgan Chase and Citibank in global roles within the financial crimes’ compliance organizations. Further, she has a unique perspective as prior examiner at FINRA and the Federal Reserve Bank where she specialized in AML/ BSA/ OFAC compliance of member firms and global institutions.
Karen joined Guidehouse from Citibank where she served as the Global Sanctions Head for Treasury and Trade Services (TTS) and Corporate Banking lines of businesses. In her role, she was accountable for strengthening the control environment across TTS. During her tenure, she led the TTS business through the remediation efforts of the final consent order actions resulting in the closure of the OCC Consent Order, advisory support of Citi TTS clients, products and controls related to the Russia occupation. Further she supported the business through implementation and extensive business growth with several large FinTech organizations across LATAM and Asia.
Prior to joining Citibank N.A., she held several senior roles in the Financial Crime Compliance organization at JPMorgan Chase (JPMC). Karen served as a BSA/AML Risk Specialist at the Federal Reserve Bank of Chicago where she was tasked with evaluating and recommending supervisory actions for institutions ranging in size from $1B to over $100B. She also held an examiner position at FINRA where she was tasked with reviewing the books and records of member firms, specializing in complex AML/BSA examinations. During her tenure at the FINRA, Karen received her examiner credentials to order to facilitate deep dive reviews of cycle and cause examinations, specializing in AML/ BSA and Sanctions compliance. Additionally, during her time at FINRA, Karen acted in the capacity of an expert witness in an administrative hearing with a disclosed Broker-Dealer subject to AML/ BSA enforcement action.
Early in her career, Karen worked as an AML Investigator at a mid-size institution and in the field of law enforcement with the Internal Revenue Service – Criminal Investigation and U.S. Attorney’s Office in Cincinnati, OH.