Allen Love
Vice President, Office of Corporate and Regulatory Compliance
The Depository Trust Clearing Corporation
Allen is a Vice President in the Office of Compliance and Regulatory Control at The Depository Trust Clearing Corporation (DTTC) where he is responsible for assisting with managing the compliance program at DTTC.
Allen Love’s AML and financial investigations background go back to 1991. Allen began his career as a Special Agent with the Criminal Investigation Division of the Internal Revenue Service in the Southern District of New York. Allen was responsible for conducting, managing, and supervising anti-money laundering investigations. Allen was an original member of the El Dorado Task Force and also served in an undercover capacity. Allen left the government after 9 years and began working a consultant for a Big 4 accounting firm where he was responsible for managing and supervising AML and fraud engagements.
Allen left consulting after 4 years and moved to California to join PayPal as their AML/BSA Officer and Chief Compliance Officer. Allen successfully enhanced the overall compliance program at PayPal to meet regulatory expectations. While at PayPal, Allen worked with the Financial Crimes Enforcement Network to develop a guide for law enforcement about the electronic payment industry. Allen also presented before the Financial Action Task Force regarding the good and bad about the electronic payment industry.
Allen left PayPal and moved back east to join GE as the Global AML Leader for GE Commercial Finance where he was responsible for overseeing its AML program. While at GE Allen developed an enterprise wide approach to Know Your Customer and enhanced the overall AML policies and procedures. Allen and several former colleagues at GE have an application for a patent pending relating to the development of an automated AML risk assessment tool.