Tim R. White: The Intricacies of Sanctions

In this segment of AML Now, ACAMS Executive Vice President, John J. Byrne spoke with Tim R. White, BSA and OFAC automation specialist for Banker’s Toolbox, Inc., and chairman of the board of directors with West Coast AML Forum, about sanctions, his extensive AML career and how the West Coast AML Forum is making a difference.

Tim R. White, CAMS, has licensed BSA and OFAC compliance software to over a 1,400 financial institutions since 1994 when he started working in the OFAC compliance arena.

White is an expert on OFAC and has addressed OFAC and BSA issues at conferences throughout the U.S., including BOL’s BSA Top Gun Conference. White has published articles in the ABA Bank Compliance magazine, ACAMS Today and the Western Banking magazine. In 2011, White was a member of ACAMS’ certification exam re-write task force. In 2008, he was a member of a working group formed by the United Nation’s Al-Qaida Taliban sanctions monitoring team pursuant to UNSCR 1735. In June 2006, at the request of the U.S. Department of State, he addressed an EU-U.S. Workshop on Financial Sanctions and Terrorist Financing in Vienna, Austria. In 2005, White provided training for the Federal Reserve Bank’s BSA/AML specialists on OFAC compliance technologies. In 2004, White was a member of the ABA’s BSA/OFAC Working Group on OFAC Examination Procedures. In 2003, he addressed BSA and OFAC as a faculty member of NACHA’s Payments Institute. In 2002, White consulted the FBI on interdiction software capabilities within the financial institution marketplace. In 2001, while working for Thomson Financial Media, and in conjunction with First Data Western Union, White wrote the original product requirements for the first international interdiction database called Global Regulatory File, (now Accuity’s Global WatchList™); the first commercially marketed international sanctions database.

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