Pete Balint

Pete Balint is the Dominion partner in charge of transaction monitoring development and optimization. Pete makes this challenge easier to meet by bringing over 15 years of “in-the-trenches” experience to developing effective monitoring scenarios and reducing the amount of low value or “false-positive” alerts that all monitoring systems are known to produce.

Dominion understands that the first crucial step in AML compliance is the ability to accurately detect potentially suspicious activity. The largest AML compliance failures of the past decade were born from the inability to properly detect suspicious activity and the catastrophic decisions that emerge when institutions find themselves buried under endless numbers of alerts. Pete has led Dominion’s efforts to fix these problems and he has done so at some of the nation’s largest banks and in many of the most notable AML compliance actions of the last decade.

Pete oversees the implementation of processes to analyze alerts, develop specific monitoring programs for high-risk customers such as PEPs and cash intense businesses and high-risk products like correspondent banking and remote deposit capture.

Pete oversees the implementation of processes to analyze anomalous transactions, develops effective customer risk rating programs and leads evaluations of financial institutions’ sanctions and AML programs.