School of Law inaugurates Financial Integrity Institute

Dena Cipriano  /  Tuesday, May 1, 2018  /  Categories: In Brief, Issue 100, Fall 2017  /  Rate this article:
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School of Law inaugurates Financial Integrity Institute
The Financial Integrity Institute at Case Western Reserve University School of Law celebrated its official launch on March 23rd in New York City with a reception, dinner and keynote address by Martin J. Gruenberg, a 1979 graduate of the School of Law and current Chairman of the Federal Deposit Insurance Corporation (FDIC).

The launch was attended by over 100 senior experts in anti-money laundering and anti-terrorist financing across the sectors of government, banking and consulting, who came out to support the institute and its mission to advance financial integrity globally by conducting and promoting at the highest standards of research, education and professional excellence in anti-money laundering, anti-corruption, targeted sanctions and countering the financing of terrorism.

Dean Jessica Berg, who attended the event, noted that it was “an incredible opportunity to gather government regulators and industry experts in one place to talk about the issues—a primary goal we had in creating the Financial Integrity Institute.”

In his address, Chairman Gruenberg discussed ways the AML/BSA (Banking Secrecy Act) industry has evolved over time in response to increasing risk from sophisticated financial crimes in the United States and abroad. The chairman remarked, as anti-money laundering efforts continue to evolve and expand internationally and the need for regulatory and compliance experts to monitor, report and prevent criminal activity grow, innovative education programs like the institute’s new Executive Master of Arts in Financial Integrity (MAFI) degree offer an industry short on experts the opportunity to develop necessary talent to meet growing industry demand.

Ross Delston, a Washington, D.C.-based independent attorney and anti-money laundering (AML) expert, said that the gathering “represented an assemblage of glitterati in the AML space, just the sort of folks who would lend their expertise to the Financial Integrity Institute and send their employees to the MAFI program.” According to Delston, who is a senior fellow at the institute and adjunct professor of law in the MAFI program, joining the compliance all stars were senior financial regulators and high tech companies, including Allsec Technologies, the platinum sponsor of the reception and dinner.

MAFI, which entered its first cohort of 16 students in September 2016, is now planning its second cohort for Washington, D.C. beginning September 2017, with a third cohort planned for NYC in 2018. Future cohorts may be offered in Florida, India and other locations around the globe.

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