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.
• 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
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.