Koby Bambilia is head of K2 Integrity’s Financial Crimes Compliance practice, bringing over 20 years of global expertise in complex Bank Secrecy Act (BSA)/anti-money laundering (AML) compliance, sanctions programs, and regulatory enforcement actions. He leads a team of experts who help financial institutions navigate the intricate landscape of BSA, Office of Foreign Assets Control (OFAC), and USA PATRIOT Act compliance. Koby guides institutions facing regulatory enforcement actions, ensuring adherence to regulatory consent orders, and overseeing the implementation of remedial actions.
Koby’s expertise extends to mandatory BSA reporting, sanctions programs, transaction monitoring, and lookbacks. He is known for designing robust compliance programs that meet regulatory requirements and enhance overall compliance. Koby excels in assessing and enhancing institutions’ BSA/AML and sanctions compliance programs, including Know Your Customer (KYC), customer due diligence (CDD)/enhanced due diligence (EDD), customer risk rating, and customer identification program (CIP) regulations.
Koby oversees the strategic development and deployment of policies and procedures, including internal controls, quality assurance programs, compliance-related systems, and training. His practice provides a wide range of services to help clients manage compliance risks and meet regulatory expectations, such as program assessments, model validations, lookbacks, mandated monitorships, managed services, and advisory services. Koby’s strategic approach ensures that financial institutions are well equipped to manage compliance risks and meet regulatory expectations, providing clients with the intelligence and tools needed to make informed and sustainable business decisions.
Prior to joining K2 Integrity, Koby was a senior vice president and deputy chief compliance officer at a global financial group, where he oversaw the compliance programs of the group’s global subsidiaries. He led and managed enforcement actions issued by the U.S. Department of Justice (DOJ) and the New York State Department of Financial Services (NYS DFS), coordinating with mandated monitors and overseeing remedial actions. Koby also served as a board member of a trust company providing wealth management services to high-net-worth individuals and family offices.
Koby has extensive experience as a U.S.-based bank BSA and OFAC officer, where he managed BSA, AML, CFT, and sanctions programs, and directed correspondence during regulatory examinations. Before that, Koby was a criminal prosecutor, conducting complex international investigations and cases related to AML, CTF, and fiscal matters. Koby’s academic contributions include serving as a lecturer in both law and business management.
Koby holds an LL.M., magna cum laude, and received his bar license summa cum laude. Koby also holds the military rank of Major (Ret.).