CRI Board


Gene Truono

Director

Gene Truono has nearly 30 years of regulatory compliance experience and most recently served as the Chief Compliance Officer (CCO) for PayPal from October 2014 through August 2016. Prior to that he was the Global Head of Anti-Money Laundering (AML), Counter Terrorist Financing (CTF), Anti-Corruption, and Sanction/OFAC Compliance for PayPal from March 2011 to October 2014. In that role, he built a global Financial Crimes Compliance (FCC) program interacting with regulators in Australia, Singapore, India, Hong Kong, Japan, Canada, Mexico, Brazil, Russia, Luxembourg, and the United States.
 
He has presented to the Financial Action Task Force (FATF) at the Money Value Transfer Conference in 2014 on Virtual Currency and new methods of Transaction Monitoring as well as having served on the Financial Crimes Enforcement Network (FinCEN) BSA Advisory Group (BSAAG) and co-chaired its sub-committee on Regulatory Reporting reform from 2013 to 2016.
 
Prior to that he led major remediation projects at American Express Bank International and subsequently at Standard Chartered Bank for its global Private Bank and Correspondent Banking departments related to the rebuilding of both businesses entire FCC programs including Policies and Procedures, Customer Identification Program (CIP), Know Your Customer (KYC), transaction monitoring and Office of Foreign Asset Control (OFAC)/sanctions programs.
 
Additionally, he was instrumental in building JPMorgan Chase's Correspondent Banking and Trade Finance compliance program to meet the requirements of the USA Patriot Act. While at Chase Manhattan Bank USA, NA he spearheaded an Office of the Comptroller of Currency (OCC) and industry wide project formulating the implementation of the revised Uniform Retail Credit Classification and Account Management Policy specifically related to credit limits and criteria for re-aging and minimum payment thresholds for open end credit.
 
While head of Compliance at Associates National Bank (Delaware), later acquired by Citigroup, he was instrumental in the design and implementation of its Fair Lending and Community Reinvestment Act (CRA) programs and was recognized by the OCC for unique and innovative grant and loan products targeted specifically to low income borrowers to make home ownership more affordable and accessible to those in most need of access to housing.
 
He is also a licensed Delaware attorney and has handled debt collection recovery litigation and Bankruptcy claims, consumer and commercial loan documentation, regulatory compliance, as well as bank licensing, corporate governance and securities disclosure.
 
He has served on numerous boards and non-profit organizations related to community development, historic preservation, higher education and assisting low to moderate income individuals to obtain and maintain housing and small business lending.