Mihal Nahari
Chief Compliance Officer
The Depository Trust & Clearing Corporation
Mihal Nahari was appointed Chief Compliance Officer in November 2007. In this position, she has enterprise-wide responsibility for compliance activities at DTCC, principally focusing on such matters as anti-money laundering (AML), USA PATRIOT Act, Bank Secrecy Act (BSA) and record retention requirements. The aim of DTCC’s program is to promote transparency, ensure the soundness of capital markets, prevent fraud, protect investors, combat terrorist activity and enforce federal sanctions on foreign entities hostile to U.S. interests.
Ms. Nahari is a highly regarded industry expert with nearly 20 years’ experience in the financial services industry on a wide range of domestic and international legal, compliance and regulatory risk management issues. Most recently, she was a partner with the New York law firm, Bressler, Amery & Ross, P.C., where she served as an advisor to industry clients on regulatory and risk management subjects.
Prior to that, she was with Bank of America Corporation where she was senior vice president and AML executive with responsibility for overseeing and implementing AML compliance and risk mitigation strategies across the bank’s global business. Ms. Nahari was also with Morgan Stanley for some eight years, where she established one of the first global AML and OFAC compliance programs at such a firm and subsequently became the company’s Global AML Officer. She later served as the firm’s chief compliance officer for its retail and high net worth brokerage operations.
Ms. Nahari is a past co-chair of the AML committee of the Securities Industry and Financial Markets Association (SIFMA) and served as the industry’s representative to the U.S. Treasury Department Bank Secrecy Act Advisory Group, where she played a significant role in the policy and regulatory development of the USA PATRIOT Act. In addition, Ms. Nahari is a frequent speaker on various securities industry panels, addressing a wide range of issues relating to AML compliance and terrorist financing. She is a graduate of the Fordham University School of Law and a graduate of Rutgers University with a bachelor’s degree in Economics and Spanish.
About DTCC
The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities and over-the-counter derivatives. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with financial firms and third parties who market these products. DTCC’s depository provides custody and asset servicing for 3.5 million securities issues from the United States and 110 other countries and territories, valued at $39 trillion. Last year, DTCC settled more than $1.8 quadrillion in securities transactions. DTCC has operating facilities in multiple locations in the United States and overseas. For more information on DTCC, visit www.dtcc.com.
6/08