Deloitte Financial Advisory Services LLP announced that litigator Robert Axelrod has joined as a director in the company's anti-money laundering group, part of Deloitte's national forensic & dispute services practice.
Axelrod has more than two decades of experience in securities litigation and compliance -- first as a litigator, then as general counsel for a broker-dealer, and most recently as a bank compliance officer.
"Since the passage of the Patriot Act, U.S. businesses across the spectrum have faced ... scrutiny over where their money comes from and where it is going, especially when dealing with large movements of funds through the international payments systems,"
said Michael Zeldin, global leader of the anti-money laundering group. "Bob's understanding of the legal and regulatory aspects will be beneficial in assisting clients interested in safeguarding their institutions from potential litigation and regulatory scrutiny."
Prior to joining Deloitte, Axelrod served as managing director for global compliance at a New York City-based bank. His duties there included helping the bank's broker-dealers comply with the Patriot Act and other securities and banking requirements. He drafted and revised policies regarding compliance and insider trading, and also supervised compliance issues regarding foreign exchange transactions and derivatives.
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