Tim Stokes is a Managing Director with Asurity Advisors. He has 25 years of experience in financial crimes compliance, anti-money laundering/countering the financing of terrorism  (AML/CFT), Office of Foreign Assets Control (OFAC) regulations, and regulatory risk management. Given his prior service in executive leadership roles at banks, financial technology companies, regulatory agencies, as well as professional service advisory firms, Tim possesses the experience that enables him to bring both tactical and strategic solutions to a wide array of client engagements.

Tim’s regulatory and enforcement experience includes developing and executing remediation plans in response to regulatory and federal enforcement actions for Bank Secrecy Act/Anti-Money Laundering (BSA/AML) violations. Tim also has significant experience in developing and enhancing BSA/AML program components including risk assessments, model reviews, transaction monitoring, and training.  He has served in seconded roles as Chief Compliance Officer, BSA/AML Officer, and Fair Lending Officer for mid-size and regional banks.

Tim was a Senior Regulatory Outreach Specialist at the Financial Crimes Enforcement Network (FinCEN), where he advised financial institutions contacting FinCEN through the help line, played a key role in launching the agency’s BSA e-filing system, and acted as a liaison to federal banking agency AML divisions. This time at FinCEN provided Tim with a unique perspective on regulatory expectations and interagency coordination regarding AML/CFT requirements.

Tim regularly advises banks and fintechs on the design, assessment, and enhancement of financial crimes compliance programs, including risk assessments, transaction monitoring, suspicious activity reporting, governance, and training. He has led enterprise-wide reviews of BSA/AML and OFAC programs, conducted independent testing, and supported institutions undergoing regulatory exams and enforcement resolution.

Before consulting, Tim was the Chief Compliance Officer of a Texas-based community bank and the Vice President of Operations and Compliance at a mid-size credit union.  Tim has spoken at the American Bankers Association Regulatory Compliance Conference and conducted webinars on regulatory risk assessment and risk management for the Consumer Bankers Association. Tim holds a B.S. in Organizational Psychology from the University of Houston and is a Certified Regulatory Compliance Manager.