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Customers Bank Appoints Allen Love as Chief Compliance and AML Officer

Author

Slice of Finance Team
15 Aug

Key Highlights:

  • Customers Bank appoints Allen Love as Chief Compliance and AML Officer.

  • Love to lead Bank Secrecy Act and AML protocols for the bank's digital asset business.

  • Brings extensive experience from top U.S. banks and IRS Criminal Investigation Division.

  • Focused on strengthening compliance to support regulatory agreements.

Source (Business Wire)

Notable Quotes:

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“Customers Bank has always been dedicated to the principles of strong risk management, and we have already taken several important steps towards meeting the expectations of our regulators, including the appointment of Allen Love as Chief Compliance and AML Officer.”

Joan Cheney, Executive Vice President and Chief Risk Officer at Customers Bank
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“I am excited to join Customers Bank and help guide the ongoing maturation of its compliance program.”

Allen Love, Chief Compliance and AML Officer at Customers Bank

Our Take:

The appointment of Allen Love as Chief Compliance and AML Officer signals Customers Bank's commitment to bolstering its compliance framework amid evolving regulatory landscapes. With his extensive background in financial crimes risk management and experience at top-tier financial institutions, Love is well-positioned to enhance the Bank’s risk management strategies, particularly in the burgeoning digital asset space. This strategic move is aligned with Customers Bank's ongoing efforts to meet and exceed regulatory expectations, ensuring robust protection for its customers and sustained growth in its service offerings.