Maleka Ali has over 30 years experience servicing the financial community in all areas including Operations, Fraud, Compliance and Risk Management. She has been working with Banker’s Toolbox since October of 2005. Prior to joining Banker’s Toolbox, Maleka worked in key roles at several financial institutions including 1st Century, Commercial Capital, Pacific Century, California United, Gilmore and Crocker Bank.
Experience includes management of compliance, operations service and production, fraud/risk control, development of new products, brochures and operational, compliance and training policies and procedures, along with participating in the creation of two new “denovo” financial institutions. She has also participated as a task force member in several mergers, acquisitions and system conversions.
Maleka has worked heavily with OFAC and BSA compliance and has developed and implemented BSA programs along with comprehensive risk assessments at many financial institutions. She is knowledgeable about the USA PATRIOT Act as well many of the international AML principals and guidelines set by the FATF, Wolfsberg Group, and Basel Committee.
She is CAMS certified (Certified Anti-Money Laundering Specialist), and was also part of the inaugural class for the advanced CAMS-Audit certification demonstrating advanced skills in auditing the effectiveness and adequacy of BSA/AML compliance programs. She is a founding board member for the Southern California ACAMs chapter and still serves as board secretary.
Maleka is also the founder of BAM Academy, a BSA school located in Austin Texas and was a faculty member on BSA/AML at America’s Community Bankers National School of Banking in Connecticut and has served as a guest speaker and workshop instructor at many of their National Compliance Conferences.
She has also been a guest speaker at various other national conferences, including the Association of Certified Fraud Examiners, as well as at several financial and corporate compliance organizations, addressing the subjects of BSA/AML/OFAC compliance and its various applications, risk assessment management, fraud and identity theft.
At Bankers Toolbox, Maleka has trained over 750 financial institutions on BSA/OFAC compliance and how to effectively utilize automated monitoring systems. She has created BSA/OFAC desktop procedures and helped develop products that assist financial institutions and corporations with their compliance to these laws and recommendations with a special emphasis on effectiveness (quality) and efficiency (process improvement).
Subject Matter Expertise
Risk Assessment, Data Validation, Program Evaluation, Emerging Threats, Policies/ Procedures
OFAC, Watch List Scanning