Michael Buffardi (Programming Director) is a Managing Director at FTI Consulting, Inc. In his role, Michael assists financial institutions with compliance best practices, developing and assessing policies and procedures, and assisting financial institutions with remediation efforts, with a concentration in securities regulations and Bank Secrecy Act/anti-money laundering (“BSA/AML”).
Before taking on his role at FTI Consulting, Inc., Michael worked as a senior attorney at the U.S Securities and Exchange Commission (“SEC”) in the Office of Compliance Inspections and Examinations (“OCIE”) and the Office of Enforcement. In those positions, he conducted both examinations and formal investigations of SEC registrants in various areas, including BSA/AML and Office of Foreign Assets Control (“OFAC”) sanctions, supervisory controls and sales practices, microcap/penny stock trading analysis, pump-and-dump schemes, and insider trading. His enforcement investigations resulted in some of the highest AML civil money penalties imposed by the SEC.
Prior to joining the SEC, Michael worked at the Financial Crimes Enforcement Network (“FinCEN”) as both a special advisor in the Regulatory Policy and Programs Division and as the bureau’s liaison between the Undersecretary of Terrorism and Financial Intelligence and two FinCEN Directors. He was also the bureau’s liaison to the Law Enforcement and Non-Bank Financial Institutions Subcommittees of the Bank Secrecy Act Advisory Group (“BSAAG”). While at FinCEN, he drafted advisories on emerging threats to financial institutions, multiple BSA regulations, and BSA/AML interpretive guidance. He also assisted a variety of financial institutions, including depository institutions, money services businesses, casinos and card clubs, and securities/futures firms, with BSA/AML compliance and regulatory interpretations.