Teresa (Terry) Pesce is a principal in KPMG's Forensic Advisory Services practice. She is Global Head of AML Services and Head of Financial Crimes Solutions in the US. Based in New York, Terry possesses a diversity of skills in forensic and Anti-Money-Laundering (AML)-related areas. As leader of the AML service line, Terry has spearheaded numerous engagements assisting a variety of financial institutions in addressing AML and sanctions issues, both proactively and reactively. These engagements have involved assistance with the design of AML programs; assistance with the design of policies and procedures; assessing gaps against regulatory requirements and leading practices; assessing money-laundering/OFAC risks; testing systems and controls; conducting transaction reviews; conducting customer file remediation and risk ranking; creating management reporting and metrics, among other things. Terry has additionally assisted institutions in connection with investigations involving fraud and misconduct. During the course of her with financial institutions Terry is often called up to report directly to regulatory agencies in connection with assistance of assessments KPMG has provided.
Before joining KPMG in early 2007, Terry was Executive Vice President and AML Director for the North American operations of a global bank, joining the bank to build out the AML compliance function for all business lines in response to a regulatory order imposed in 2003 and lifted by the OCC during her tenure in 2006. Her responsibilities included management and oversight of teams responsible for the creation and maintenance of policies and procedures; testing; training; investigative/financial intelligence programs; transaction monitoring; OFAC/sanctions compliance; and business line AML compliance. Terry was the primary contact for the bank’s regulators (the FRBNY, OCC inter alia) during all AML-related examinations. Terry worked with peers throughout the globe to provide assistance in the conduct of anti-money-laundering compliance across all divisions of the bank globally.
Prior to joining the bank in late 2003, Terry served as Chief of the Major Crimes Unit, and Deputy Chief of the Criminal Division in the United States Attorney’s Office, Southern District of New York. There she gained extensive experience prosecuting and supervising the prosecution of major white collar criminal cases, including money-laundering, bank and investment fraud, and tax and wire fraud. From 1999 through 2003, Terry was responsible for supervision and oversight of all money-laundering and tax prosecutions and worked closely with the financial regulatory agencies responsible for oversight of AML enforcement.
Terry is a recognized thought leader in the area of anti-money-laundering and has participated in numerous speaking engagements.