Koby Bambilia is head of the Financial Crimes Compliance practice at K2 Integrity. With more than 20 years of global experience with complex Bank Secrecy Act (BSA)/anti-money laundering (AML) compliance, sanction programs, and regulatory enforcement action matters, Koby helps financial institutions meet the challenges of complying with BSA regulations, the Office of Foreign Assets Control (OFAC), and the USA PATRIOT Act, and assists those facing regulatory enforcement actions. He helps financial institutions adhere to regulatory consent orders that mandate review and enhancement of their programs; implement remedial actions; and comply with consent orders that mandate transaction monitoring lookbacks. Koby assesses 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; mandatory BSA reporting; sanctions programs; transaction monitoring; and lookbacks—and helps design programs to increase compliance.
Prior to joining K2 Integrity, Koby was a senior VP at Leumi Group, a global banking group with managed assets of more than $125 billion and global subsidiaries. As the group’s deputy chief compliance officer, Koby oversaw the development and deployment of policies and procedures, including internal controls and quality assurance programs, compliance-related training, and IT systems. He managed the overall implementation of the bank’s policies and procedures in compliance with the U.S. Foreign Account Tax Compliance Act (FATCA), the Organisation for Economic Co-operation and Development’s (OECD) Common Reporting Standard (CRS), and local regulations concerning the risk management of cross-border activities and risk management in view of determining tax offenses as predicate offences. Koby also served as a senior member of the bank’s FATCA, CRS, and cross-border committees.
Koby additionally served as a board member of a trust company providing wealth management services to high-net-worth individuals and family offices.
In a prior position as a U.S.-based bank BSA and OFAC officer, Koby managed the bank’s BSA, AML, counterterrorist financing (CTF) and sanctions programs, and directed the bank’s correspondence during regulatory examinations.
Before that, Koby served as a criminal prosecutor conducting complex international investigations, indictments, and forfeiture cases, mainly related to AML, CTF, and fiscal matters. He also served as a lecturer at Tel Aviv University’s Faculty of Law and its School of Business Management.
Koby received an LL.M., magna cum laude, and an LL.B. from Tel Aviv University Faculty of Law. He is admitted to practice law after receiving his license, summa cum laude. Koby holds the military rank of Major (Ret.).
