Financial Crime Prevention Veterans Join Arachnys Advisory Board

By CIOReview | Friday, August 10, 2018

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Edward Sander, President

Arachnys, the leader in Customer Risk Intelligence solutions for Know Your Customer (KYC), Anti Money Laundering (AML) and Due Diligence (DD), announced that four industry luminaries have turned into functioning part of the organization's growth and development..

The advisory board members were selected for their strategic risk and compliance experience serving leading financial institutions. These experts deliver expertise and insights into customers’ requirements and Arachnys’ KYC, AML and enhanced due diligence (EDD) solutions. They support the Arachnys leadership team as they guide the business through the next phase of its growth.

“I’m delighted to welcome such renowned and experienced senior advisors to Arachnys and am confident their insights will deliver significant enhancements to the company’s growth strategy,” said Ed Sander, Arachnys’ President. “We are excited to leverage each of their skill sets and knowledge to help grow the Arachnys brand, support our market expansion and enrich our product strategy.”

Nigel Broda served as a member of the NICE Actimize leadership team as its VP Sales, EMEA & Asia-Pacific during a period of explosive growth and brings over 25 years of experience leading multiple products and sales teams.

Lynne Federman, former Global Head of AML Compliance for State Street Bank has over 30 years’ experience supervising all aspects of AML, anti-terrorist financing and sanctions compliance programs at some of the world’s largest financial institutions.

Wendy Conway Schmidt, a former litigator, was the global leader of the Business Intelligence Services practice at Deloitte Advisory until her retirement in 2017. She has over 25 years of experience in developing background information and intelligence for commercial and government clients in the context of due diligence, fraud investigations, and litigation support.

M. Babar Shameem’s expertise is in designing and deploying anti-money-laundering strategies. He was formerly the Global Head of AML, Know Your Customer, Sanctions Screening and Anti-Bribery & Corruption technology at Citigroup and is currently Managing Partner at Sanctions Advisory, LLC.