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Meet Michael Shepard

Principal, Deloitte Financial Advisory Services LLP

Michael is a principal in the Anti-Money Laundering (AML)/Economic Trade Sanctions practice of Deloitte Financial Advisory Services ("Deloitte FAS") LLP. His practice is focused on AML and Bank Secrecy Act compliance for financial institutions. He is the global Foreign Account Tax Compliance Act (FATCA) lead for Deloitte FAS. He is the former Head of AML Compliance and Deputy General Counsel at a leading full-service retail national bank. Previously, he was a partner at a major law firm concentrating his practice on white collar criminal defense, AML compliance and regulatory matters, asset forfeiture and internal corporate investigations. From 1987 to 1991, Michael served as a trial attorney for the U.S. Department of Justice Tax Division, Criminal Section, where he prosecuted a variety of complex criminal tax cases.

Michael has extensive experience in: Developing and implementing comprehensive AML policies and procedures, including Know Your Customer (KYC) procedures and customer risk rating models; organizational assessments regarding structuring, staffing, processes and tools for AML operational units; AML risk assessments, gap analysis, and program evaluation; Developing approaches for and overseeing the execution of large, complex KYC file remediations; Suspicious activity lookbacks; Designing and implementing AML training; Complex tax and economic crime investigations.

Michael is a frequent speaker at international, national, and regional AML, and more recently FATCA conferences and author of AML articles. Recent FATCA presentations include: American Bar Association Tax Section Spring Meeting (Toronto May 2010); Florida International Bankers’ Association FATCA Webinar (December 2010); Deloitte British Virgin Islands Annual Tax Conference (December 2010); Deloitte Brightman FATCA Roundtable (January 2011). In 2005, he co-chaired the Bankers Association for Finance & Trade Compliance Committee and has held various sub-committee posts over the years in the ABA Tax Section, Civil & Criminal Tax Penalties Committee.

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