#United States #Pasadena #Dowling Advisory Group #Ronald Schmidt #AML compliance

Ronald Schmidt Joins Dowling Advisory Group

The Dowling Advisory Group (DAG), recognized as a leader in providing consulting services for Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) compliance, proudly announces a significant addition to its team: Ronald (Ron) Schmidt. With a formidable background in federal regulatory compliance and over 30 years of experience, Schmidt is set to play a vital role at DAG.

Extensive Regulatory Background

Ron Schmidt's career is distinguished by more than two decades at the IRS, particularly within the Bank Secrecy Act Program, where he primarily oversaw compliance examinations in high-risk areas such as Las Vegas and Southern California. His role as a Group Manager involved critical oversight of various entities related to the BSA, including casinos, money service businesses, and even virtual currency operations. Schmidt's expertise is vast; he was among the pioneering IRS examiners focused on casino and card club regulations, playing a pivotal role in shaping the agency's examination programs in these sectors.

Starting his IRS career in 1991 as a Revenue Agent, Ron transitioned to BSA compliance in 2003, specializing in AML evaluations, transactional data analysis, and adherence to reporting requirements for Currency Transaction Reports (CTR) and Suspicious Activity Reports (SAR). His experience uniquely positions him to contribute significantly to DAG’s consulting efforts.

Commitment to Excellence

Upon joining the Dowling Advisory Group, Ron expressed his admiration for DAG’s well-earned reputation in the industry. He remarked, ‘I chose to join the Dowling Advisory Group because of their outstanding reputation and deep expertise in the BSA/AML field. I’m excited to be part of a team that shares my commitment to quality and integrity in compliance work.’ This sentiment resonates deeply with DAG’s mission to provide unwavering support to clients navigating the complex landscape of compliance.

Jim Dowling, the President of DAG, echoed these sentiments, highlighting the value that Schmidt's extensive experience brings to their advisory services. He stated, ‘We are thrilled that Ron is joining our team of experienced experts. Ron's experience will only further the quality of the advice we offer to all of our clients.’

Expertise in Collaboration

Ron Schmidt, a Certified Public Accountant, is no stranger to high-level collaboration, having worked closely with numerous federal and state agencies, including the Financial Crimes Enforcement Network (FinCEN), the IRS Criminal Investigation Division (IRS-CI), and the Department of Justice (DOJ). His speaking engagements at industry events, such as those hosted by the American Gaming Association and various ACAMS regional chapters, speak to his authority and respected position within the field.

At DAG, Schmidt’s primary focus will involve supporting financial institutions and other businesses in refining their AML strategies and ensuring they meet BSA compliance requirements. This is crucial as the regulatory environment continues to evolve, necessitating a proactive approach in safeguarding against financial crime.

About Dowling Advisory Group

The Dowling Advisory Group is dedicated to offering expert advice and compliance services related to Anti-Money Laundering, Bank Secrecy Act compliance, and managing financial crime risks. Their commitment to excellence ensures that organizations are equipped with the necessary tools and knowledge to maintain compliance and integrity in their operations. For more information on their services or to learn more about their team, visit their website at www.dowlingadvisorygroup.com.