Thomas Lorenz Email & Phone Number

For this organization, I conceptualized, developed, launched, and provide full operational leadership and organizational compliance to this technology start-up targeting normalizing financial services to non- and under-banked individuals with clients comprised of individuals and business with capabilities up to enterprise-level.

In this role, I serve as an AML (Anti-Money Laundering) specialist consultant working with depository and non-bank financial institutions with a scope that includes FinTech compliance. I am accountable for implementing detection and compliance programs for clients ranging from sole proprietorships up to multinational corporations. I am also responsible for identifying and mitigating risk; designing risk mitigation programs, policies, and procedures; and ensuring clients are compliant with all codified and applicable laws, rules, and regulations.Additionally, I assess AML risk, compliance, and internal control at the enterprise and business unit level; draft and enhance policies and procedures; create and deliver training modules; conduct forensic "look backs" pursuant to regulatory orders; select and implement technology solutions; and perform internal investigations. Finally, I manage a wide range of 3rd party consultants.

I was recruited and as a 3rd party provider, I reported to the Head of Legal, who also ascended to CEO during my tenure, and I served as the MLRO (Money Laundering Reporting Officer) of the Precious Metals Division.In my capacity, I identified areas in need of risk mitigation, prevented operational, reputational, and monetary risk, including reviewing approximately 500 large deals annually; liaised daily with legal and outside counsel on ever evolving regulatory and sanction laws and compliance related issues; and I managed the Precious Metals division, comprised of approximately 30, on sanctions issues, and indirectly oversaw the Compliance team.I also held accountability for approval of all high-risk opportunities—in consultation and concert with head of Legal/CEO. Additionally, I was responsible for providing initial and ongoing AML and sanctions training, and I was also responsible for quarterly and annual AML compliance reporting to the Board of Directors.Finally, I created and updated protocols and policy & procedure for risk assessments for contract values up to multi-billions for a billion-dollar book of business; and rewrote AML programs, policies & procedures manual, and onboarding procedures & documents, including factors, such as, internal product, industry, use, metal type, client entity type, and jurisdiction.

In this role, I was accountable for new client development, NFA compliance, risk assessment, and net capital computation for this full-service financial markets consulting firm, which provided customized compliance solutions to the Futures and Forex industries.I operated as “Virtual Compliance Officer” for NFA member firms, and I conducted AML and AML Risk audits for NBFIs, including MSBs, Precious Metals dealers, Pawn Brokers, NFA member firms, and FINRA member firms.I also was accountable for ensuring clients were protected and positioned to face a regulatory audit with confidence and complete understanding.Finally, I created and reviewed complete compliance and AML manuals and procedures, and I managed 3rd party audits of general operations manuals and full compliance audits, encompassing Bribery & Corruption, Gifts & Entertainment, and Conflict of Interest.

Ba, International Studies

Honorarium, International Business