Paul Dougherty is the senior vice president and director of financial crimes compliance at Fifth Third Bank. He leads Fifth Third Bank’s anti-money laundering (AML) and economic sanctions programs and is responsible for ensuring compliance with financial crimes laws and regulations. Dougherty is also the designated Bank Secrecy Act officer.
At Fifth Third Bank, Dougherty leads a team of experienced compliance officers who have financial crimes compliance oversight responsibility for consumer, commercial, payments and wealth management lines of business. The financial crimes compliance team handles all sanctions screening, AML transaction monitoring, customer due diligence reviews, AML investigations, currency transaction reporting and suspicious activity reporting. In addition, Dougherty is responsible for developing and implementing strategies that continue to improve Fifth Third Bank’s overall financial crimes program.
Prior to his current position, Dougherty spent 10 years in Bank of America’s AML organization. Past positions included head of AML risk management for North America, head of AML monitoring and surveillance, and chief operating officer for the financial crimes compliance team. While leading the AML monitoring and surveillance team, Dougherty patented, developed and implemented numerous solutions to identify potentially suspicious activity.
Moreover, Dougherty received his Bachelor of Science from Penn State University and is an active member of the Association of Certified Anti-Money Laundering Specialists (ACAMS).