Security Firms Announce Alliance to Address Anti-Money Laundering & Compliance Issues for Financial Institutions

27 Feb, 2013

Thomas B. Locke & Associates, LLC, a top global security consulting firm in the Washington, DC Metropolitan Area, announced today a strategic alliance with Armas Consulting, Ltd., a prestigious security consulting firm in the New York City Metropolitan Area.  The purpose of the alliance is to bring a new menu of services to prospective clients in the financial community to mitigate the risks of correspondent banking relationships. 


The alliance will bring together teams of anti-money laundering specialists who will review or augment Anti-Money Laundering programs at banking institutions, both in the United States and abroad, ensuring compliance with the United States Patriot Act as well as other requirements mandated by the Treasury Department’s Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FinCEN). 


Tom Locke (pictured), the 32-year FBI veteran and President of Locke & Associates, said, “This is an excellent partnership in which we can draw upon the wide experience of our personnel to address this timely issue within the financial community.  All of our people are members of the Association of Certified Anti-Money Laundering Specialists (ACAMS), and they can provide the guidance needed as we navigate the troubled waters of our time.”


Marty Mahon, President of Armas, himself a 20-year veteran of the New York City Police Department and Certified Anti-Money Laundering Specialist (CAMS), said, “By providing the right combination of technology and personnel, we can protect our clients and address the myriad of rules associated with anti-money laundering and compliance issues.  Teaming with Locke & Associates allows us to pool our resources and provide what is necessary to accomplish that goal.”

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