Updated: Aug 17
(AUSTIN, TX – JAN. 26, 2022) – Financial services leader Chris Nowak will bring more than a decade of experience as a BSA (Bank Secrecy Act) Compliance Officer to his latest role as Senior Solutions Sales Executive for RiskScout, it has been announced today.
RiskScout remains a leading BSA/AML compliance automation tool for banks and credit unions, allowing them a key to enter high-growth emerging markets, including hemp, cannabis THC, private ATMs, money services businesses, cryptocurrency, and others.
In his most recent roles, Nowak served as the Manager of Quality Assurance AML/KYC for USAA, as well as Vice President – Bank Secrecy Act Officer at Evans Bank and Vice President – BSA/AML & OFAC Officer at Five Star Bank, both based in New York.
Prior to that, Nowak cut his teeth in the industry serving as a Bank Officer, FIU AML Senior Compliance Analyst for First Niagara Bank, where he spent five years investigating anomalous banking activity, focusing on mitigating money laundering risks to FNFG and its customers.
Nowak is also a Certified AML and Fraud Professional (CAFP) by the American Bankers Association, as well as a Certified Anti-Money Laundering Specialist (CAMS) from ACAMS.
“Chris brings a wealth of BSA/AML experience to help financial institutions navigate the waters when starting a new program or scaling an existing one,” said Justin Fischer, CEO and Co-Founder of RiskScout.
Nowak joins RiskScout’s dream team of fellow compliance experts with BSA/AML experience. RiskScout’s proprietary enterprise-grade compliance automation software remains especially powerful as the go-to tool enabling community financial institutions to roll out and streamline commercial banking services to cash-intensive businesses, giving them the opportunity to remain viable by growing within a multitude of higher-risk markets. These types of underbanked businesses are often rejected by these financial institutions due to the level of compliance necessary and lack of resources to onboard and maintain them.
For more information on RiskScout, visit www.riskscout.com.