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March 18, 2021
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March 23, 2021

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Frank CentofantiFrank’s Story

 

RADD Senior Consultant Frank Centofanti https://raddllc.com/our-team/ is a highly experienced and credentialed compliance and audit professional.

He’s worked for all sizes and varieties of financial institutions – from mega banks to credit unions and brokerages – which gives him the insight to customize the creation and implementation of compliance policies and procedures to be both effective and practical.

His super powers: 1) writing policies, procedures and program documents that are both very detailed and ‘right sized’ to the uniqueness of each financial institution, 2) relating well at all levels of the hierarchy – from candid communications with CEOs to helping tellers understand the value of their roles, and 3) breaking big problems down into manageable parts.

He has a depth of experience in an array of regulatory related initiatives including payment device products, writing policies, procedures, audit reports, account documentation review, risk assessment, investigation of suspicious transactions and reviewing financial advisor trading activities.

Frank’s areas of expertise include: BSA/AML regulations, California Consumer Privacy Act (CCPA), and implementation of high-risk business channels such as Money Services Banking (MSB) and Cannabis-Related Businesses (CRB).

His simple yet powerful motto – “Don’t ever assume or jump to conclusions; investigate first” – was developed through his experience as an auditor.

Frank is a graduate of Purdue University where he earned a B.S. in Management with a specialization in Finance.

In his spare time, he enjoys playing acoustic guitar, home improvement, gardening and dabbling in real estate.

 

Frank’s professional career highlights include:

Broad & Deep Financial Institution Expert

  • He has held positions as corporate compliance officer, compliance examiner, bank branch manager, securities administrative manager, and investment representative within small and medium-sized banks as well as some of the largest banks and securities firms in the world, including Citibank, HSBC, and Prudential Securities Inc.

Multi-Licensed Professional

  • He has held nine professional/licensing designations in the banking and securities industries, including securities sales and supervisory licenses, and is currently a FINRA Arbitration Panel Committee member.

Cannabis-Related Business (CRB) Expert

  • Recognizing the need for experts in CRB banking policies and procedures experts, Frank took the initiative to become an expert to better serve his clients.

Money Laundering Expert

  • He is an expert on the Bank Secrecy Act and anti-money laundering surveillance (BSA/AML) and is a member of the Association of Certified Anti Money Laundering Specialists (ACAMS) and the Southern California Chapter of ACAMS.

Process Automation Leader

  • Spearheaded the development of an automated compliance monitoring system covering mortgage origination and servicing, retail and wholesale banking, and card products.

 

 

Compliance & Auditing Credentials and Specializations

• Certified Anti-Money Laundering Specialist (CAMS) designation

• Specializes in Cannabis Related Businesses (CRB), Money Service Businesses (MSB), and the California Consumer Privacy Act

• FINRA Arbitration Panel Committee Member

• Formerly held FINRA 3, 7, 9, 10, 24, and 63 licenses and a California General Life Insurance Agent licenses

 

Values & Key Attributes

When it comes to experience and style Frank raises the bar. He has held compliance leadership roles for small financial institutions and mid-sized and mega banks. He has the perspective of a former auditor and stockbroker and a knack for breaking problems down to manageable bites. His writing and attention to detail are impeccable and his ‘we’re all in this together’ approach and candor lets him relate well to all stakeholders – from tellers to CEOs.