Mr Ross S Delston CAMS, CTCE
Independent Attorney and Expert Witness specializing in Anti-Money Laundering Compliance
Ross S. Delston is an independent American attorney, Certified Anti-Money Laundering Specialist (CAMS), expert witness and former banking regulator (FDIC) with over 40 years of experience in the financial services sector. He has specialized in Anti-Money Laundering / Countering the Financing of Terrorism (AML/CFT) issues for over 20 years.
Ross has acted as a testifying or consulting expert on AML/CFT issues in numerous civil and criminal cases, including on behalf of the U.S. Attorney’s Office (Southern District of New York) in U.S. v. Prevezon, a civil forfeiture case involving the proceeds of a massive Russian fraud that resulted in the death of Sergei Magnitsky. He also testified virtually on behalf of plaintiffs for three days in a Canadian courtroom in Joint Liquidators of Stanford International Bank v. Toronto-Dominion Bank. Most recently, Ross was named by the U.S. Securities and Exchange Commission as a testifying expert in SEC v. Yin, a civil action involving insider trading.
Other engagements in the AML/CFT field include participating in two major compliance projects involving international banking and finance, AML, KYC/CDD, and OFAC/sanctions: The first, a five-month assignment as part of the Independent Consultant’s team for BNP Paribas in the aftermath of an enforcement order, and the second, a 15-month assignment as part of the monitorship team for AIG. Ross has drafted AML policies and procedures for a U.S. non-profit, participated in five annual independent AML audits of a publicly held company, and conducted an assessment of the AML/CFT framework of a leading offshore financial centre.
Ross has been a consultant to the International Monetary Fund (IMF) since 1997 on AML/CFT and banking matters and has participated in the AML/CFT assessments of nine offshore financial centres, including Saint Vincent, and the Grenadines, Bermuda, Jersey, Guernsey, and the Isle of Man. He has also been a consultant to the World Bank, 1998 – 2014, on banking regulation, resolution, insolvency, and systemic crisis issues for numerous countries in Africa, Asia, Eastern Europe, and the former Soviet Union.
Previously, Ross was a Consulting Counsel, IMF; Of Counsel, Jones Day; Assistant General Counsel, FDIC; and Counsel, U.S. Export-Import Bank. He is also the co-author of two law review articles on trade-based money laundering (TBML), both published in the Case Western Reserve Journal of International Law: “Strengthening Our Security: A New International Standard on TBML is Needed Now” (2012 ) and “Reaching Beyond Banks: How to Target TBML and Terrorist Financing” (2009).
Ross is a frequent speaker at seminars and conferences throughout the world, has appeared on TRT World News (the English language channel of the Turkish government), CNN International and BBC TV News and has been quoted in numerous publications, including the New York Times, the Times of London, the Washington Post, the Wall Street Journal, the New Yorker, Bloomberg, the American Banker, the Telegraph (U.K.), the Hindu Business Line (India) and the Nikkei (Japan). He regularly assists investigative journalists at the International Consortium of Investigative Journalists (ICIJ) and the Organized Crime and Corruption Reporting Project (OCCRP) in their reporting on money laundering and financial crime.
Click here to view his CV.
