Gene J. Truono is a Managing Director in BDO Consulting, a division of BDO Seidman, LLP, in the New York office. He is responsible for the firm’s Financial Institution Consulting practice, including initiatives related to anti-money laundering, mortgage lending investigations, regulatory compliance and 1441 compliance. Mr. Truono has over twenty years of banking, regulatory compliance and legal experience covering all aspects of various institutions including retail banking, commercial lending, wholesale banking, residential mortgage, private banking, credit card issuing and merchant acquiring businesses.

• Mr. Truono was responsible for implementing and overseeing current remedial action plans related to the Written Agreement by the New York State Banking Department. 

• He has reviewed BSA/AML programs and enhanced customer due diligence policies and procedures, and also implemented enhanced monitoring systems and SAR processes, as well as transaction activity look-back reviews and client file data quality remediation projects.

• Mr. Truono was responsible for the development, oversight and management of the Global Treasury Service Department’s regulatory compliance program, the oversight of the Treasury Service’s BSA/AML/KYC/OFAC requirements, including monitoring of wire activity through the financial intelligence unit, and the management and supervision of all regulatory examinations.

• Before joining BDO Consulting, Mr. Truono was Vice President of Compliance and Ethics, and Chief Compliance Officer at American Express Bank Limited, a Standard Chartered Group company.          

Association of Certified Anti-Money Laundering Specialists