Jesus Torres

Jesus has over two decades of experience in the financial services industry, specializing in money transmitter licenses and ensuring compliance with government rules and regulations with the Bank Secrecy Act, the USA PATRIOT Act of 2001, Office of Foreign Assets Control (OFAC), and Dodd-Frank EFTA Regulation E. Jesus assisted in numerous state and federal anti-money laundering regulatory examinations and audits, coordinated responses to such, and oversighted the implementation of recommendations and remediation to the findings.

Prior to joining Ankura, Jesus acted as the VP of Licensing for a regulatory compliance consulting company, leading a team of experts who provide consulting regulatory services to clients in the financial services industry, helping money service business (MSB), and FinTech companies navigate the acquisition and management of the complex regulatory environment of a money transmitter.

Jesus also worked as the Director of Regulatory Affairs and Licensing for a multi-national money transmitter, directing the company’s regulatory compliance and licensing affairs, coordinating, and implementing Anti-money Laundering (AML) systems and controls (BSA, USA Patriot Act, OFAC and Dodd-Frank EFTA Regulation E) to maintain an effective risk-based program. Jesus also led the acquiring, maintaining, and renewing of the company’s state licenses and bonding requirements in multiple jurisdictions, as well as ensuring ongoing compliance with the respective regulatory and reporting requirements of each jurisdiction through the Nationwide Multistate Licensing System (NMLS).

Before the multinational money transmitter, Jesus acted as the Administrative Service Center Controller for one of the largest independent providers of document management systems in the Southeast region of the U.S. Jesus prepared regional Financial Statements according to GAAP, provide financial analysis, budgeting, and forecasting based on the company’s financial history of Profit and Loss statements.