Emilio Scarano
Maplewood
Summary
Financial Crimes professional with over 10 years’ experience working in fraud, AML/CFT, operational risk, BSA, investigations, auditing and compliance, across different industries and countries. Comprehensive background in identifying, investigating and reporting on complex financial crimes cases.
Overview
11
11
years of professional experience
1
1
Certification
Work History
Senior Financial Crimes Specialist
Wells Fargo Bank, NA
10.2021 - 03.2023
- Mitigating financial crimes risk and providing knowledge and expertise, helping the company operate in compliance with all applicable laws, regulations, and requirements, including Bank Secrecy Act, AML/CFT, Global Sanctions and Fraud.
- Conducting complex financial crime investigations, including research, analysis, interviews and law enforcement outreach; investigating and reporting on transactional patterns, digital evidence, surveillance video, cyber crime, trends, anomalies and fraud schemes. and all suspicious activity with moderate to high levels of risk.
- Conducting interviews with suspects and filed reports of findings; liaising with Law Enforcement agencies in prosecuting high loss and complex cases.
- Collaborating with cross-functional teams to develop comprehensive financial crime prevention strategies.
- Preparing comprehensive reports for management, detailing investigation outcomes and suggesting preventative action to mitigate losses and enhance recovery efforts.
- Assisting and mentoring peers and colleagues: reviewing investigations, providing feedback and identifying areas of improvement.
- Demonstrated capability in leading and participating in internal special projects, handling sensitive escalations and complex scenarios.
- Collaborate with managers and senior leadership to help identify and resolve issues, and achieve goals.
Licensing and Compliance Specialist
DRIASI
12.2020 - 10.2021
- Responsible for agency and third-party compliance, foreign corporation registrations and Third-Party Administrator (TPA) insurance provider licenses in all required States. Main duties included:
- Prepared regulatory and financial reports to all 50 State Insurance Department.
- Conducted and assisted with internal and external compliance and regulatory audits.
- Monitored Federal and State compliance laws and legislative changes applicable to the business and implement changes accordingly.
- Prepared regulatory reports for senior management, detailing compliance activities and progress towards established goals.
Enterprise Investigations Consultant
Wells Fargo Bank, NA
05.2019 - 08.2020
- Assisting the Enterprise Investigations Team in managing allegations of misconduct by team members for potential violations of law, regulations and codes of ethics, ensuring team members act in accordance with policies and industry laws. Main duties included:
- Analyzed large customer data sets and documentation; conducting in-depth research to ensure accuracy of investigation outcome and making decisions on action required based on individual case review.
- Worked with management on internal audits, projects, and initiatives related to internal investigations.
- Audited investigative work and identifying significant concerns for senior management, to ensure compliance with internal and external policies and procedures.
- Analyzed and approving summaries of investigations deemed significant to the business, to ensure control issues are assessed and remediated in a timely and effective manner.
- Enhanced communication among team members to foster collaborative and supportive work environment.
Compliance Officer
BGO Studios Ltd.
12.2016 - 10.2018
- Responsible for managing the business’ Compliance function; working with all stakeholders and business departments to ensure full awareness and implementation of regulations, codes and standards of practice applicable to online gaming products in established regulated markets, including AML/CFT, fraud prevention, data protection and customer due diligence.
- Provided leadership and expert advice on laws and regulations in established and newly regulated markets worldwide.
- Developed and implemented policies, procedures and control systems to ensure compliance with legal and regulatory obligations in day-to-day operations; monitoring and overseeing conformity via internal audit program.
- Represented the business at regulatory meetings, audits and inspections, seminars and conventions; liaised with regulators, auditors, testing houses and other stakeholders in the regulatory landscape.
- Assessed, evaluated and mitigated risks and issues related to operational incidents, regulatory changes and audit requirements.
- Overseeing compliance with AML regulations, implementing AML/CFT program and SAR reporting.
- Liaised with General Counsel and external lawyers in managing legal and regulatory issues, investigations and customer disputes.
Compliance Officer
Global Interactive Marketing Online Ltd.
01.2015 - 12.2016
- Managed compliance with licensing requirements in worldwide markets. Developed and maintained compliance program in line with regulatory obligations; implemented policies, guidelines and procedures to ensure compliance with regulatory requirements.
- Audited and assessed the company’s business model, products, and services for conformity with applicable laws and regulations.
- Provided Senior Management with in-depth analysis of regulatory and legal requirements in new and emerging markets.
- Responsible for compliance with Anti-Money Laundering regulations; supporting Risk department in implementing AML policy.
Senior Compliance Specialist
Win Technologies Ltd.
07.2012 - 12.2014
- Responsible for managing compliance of online gaming products licensed in Italy; supporting the team in day-to-day tasks for licenses held in other markets. Key relationship owner with Italian regulator.
- Managed documentation and applications for licenses, products and services. Supported the wider team in daily tasks for licenses held in European regulated markets.
- Working with independent testing houses to conduct annual audits, certifications and license renewals.
- Developed and implemented AML policy and Compliance guidelines for the Italian market; assisted business departments for implementation in day-to-day operations.
- Provided Directors with research and analysis of Italian legal and tax regime to expand presence in the market.
Education
Post-Graudate Master's - Hospitality & Business Management
LBS - LUISS Business School
Rome, Italy05.2010
Master's Degree - Laws
University of Foggia Law School
Foggia, Italy07.2009
Skills
- Extensive experience investigating, writing, and filing Suspicious Activity Reports in different industries and jurisdictions, implementing and applying policies, procedures and internal controls
- Excellent knowledge and understanding of financial crimes trend, digital forensics, fraud and risk management Able to work under pressure, meet tight deadlines and execute in a fast paced and high demand environment
- High proficiency with Microsoft Office; extensive experience reviewing, analysing and manipulating data using MS Excel
Certification
CAMS - Certified Anti Money Laundering Specialist, obtained in October 2023
CFCI - Certified Financial Crimes Investigator, obtained in Decemeber 2024
ADDITIONAL QUALIFICATIONS
Highly fluent in English and Italian, good knowledge of Spanish.
Timeline
Senior Financial Crimes Specialist
Wells Fargo Bank, NA
10.2021 - 03.2023
Licensing and Compliance Specialist
DRIASI
12.2020 - 10.2021
Enterprise Investigations Consultant
Wells Fargo Bank, NA
05.2019 - 08.2020
Compliance Officer
BGO Studios Ltd.
12.2016 - 10.2018
Compliance Officer
Global Interactive Marketing Online Ltd.
01.2015 - 12.2016
Senior Compliance Specialist
Win Technologies Ltd.
07.2012 - 12.2014
Post-Graudate Master's - Hospitality & Business Management
LBS - LUISS Business School
Master's Degree - Laws
University of Foggia Law School
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