Susan Berger

Susan Berger

Susan Berger is a consultant and attorney specializing in anti-money laundering/countering terrorist financing (AML/CFT) regulation and compliance in the financial sector (primarily broker-dealers and registered investment advisors) both in the U.S. and globally.

Immediately prior to joining Bates as an expert, Ms. Berger worked for nine years as an intermittent advisor for the U.S. Treasury Department’s Office of Technical Assistance, providing technical assistance in AML/CFT to financial regulators, financial intelligence units and law enforcement authorities in twenty-three developing countries around the world. Ms. Berger has also worked for over a decade as an independent Bank Secrecy Act (BSA) and AML/CFT expert/consultant, providing services and litigation support to U.S. broker-dealers and attorneys, including conducting assessments and independent examinations of broker-dealers’ AML compliance programs, and providing expert testimony.

Ms. Berger began her legal career serving for seven years in the District Attorney’s Offices of New York City (Kings and Nassau counties), eventually as senior assistant district attorney supervisor of trials of organized and white collar crime and political corruption in the Rackets Bureau of the Kings County (Brooklyn) District Attorney’s Office.

She then took a position as assistant general counsel for E.F. Hutton and Co. and its successor firms up to and including Smith Barney. For thirteen years, Ms. Berger represented the firm as litigation and regulatory counsel for the retail brokerage. She held a variety of positions, ending up as a senior vice president at Smith Barney in charge of the regulatory group in the general counsel’s office. In that position, Ms. Berger supervised all regulatory (i.e. SEC, SRO, state securities commissioners, DOJ) matters. During her years as in-house counsel, Ms. Berger handled a large variety of legal matters from responding to customer complaints, regulatory inquiries and grand jury subpoenas to handling arbitrations, managing outside counsel on numerous large and complex matters, and conducting sensitive large internal investigations. Ms. Berger was the in-house counsel representing the firm in the first U.S. criminal case against a major broker-dealer for money laundering.

The Association of Certified Anti-Money Laundering Specialists (ACAMS) designated her in 2005 as a Certified Anti-Money Laundering Specialist (CAMS).


Credentials

EXPERIENCE

Grand Teton Consulting, Inc.AML/CFT Consultant, Founder – January 2004 - Present

United States Department of the Treasury – Office of Technical AssistanceIntermittent Advisor, Economic Crimes Team – September 2007 - July 2016

Prudential Insurance of AmericaAgent & Series 7 Registered Representative – December, 2000 - December, 2003, Director of Compliance – December, 1998 - December, 2000

Smith Barney, Inc. (and predecessor firms)Assistant General Counsel & Senior Vice President – October, 1983 - February, 1996

Kings County Office of the District AttorneyAssistant District Attorney – March 1978 - October 1983

EDUCATION

State University of New York, Stony BrookB.S. Political Science

New York Law School, New York, NY - Juris Doctor

PROFESSIONAL QUALIFICATIONS

Certified Anti-Money Laundering Specialist (ACAMS)

Member, SIFMA Legal and Compliance Committee

(Former) Arbitrator, NASD/NYSE Dispute Resolution, Inc.

(Former) New York City Bar Association Professional Ethics Committee Member

Automat:ee