Latest news with #GuidepostSolutions
Business Wire
06-05-2025
- Business
- Business Wire
Guidepost Solutions Promotes Three Leaders to Drive Continued Growth of DEA Regulatory Compliance Practice
NEW YORK--(BUSINESS WIRE)-- Guidepost Solutions, a global leader in domestic and international investigations, compliance solutions, monitoring, and security and technology consulting, today announced the promotions of Krista Tongring to president, Susannah Herkert to executive vice president, and Sarah Osborne Pechnick to managing director of its DEA Regulatory Compliance practice. Tongring will continue to lead the practice group, providing strategic guidance to clients on navigating and complying with DEA regulations, while mitigating financial risk and safeguarding reputational integrity. 'The promotions of Krista, Susannah, and Sarah are a result of their tremendous effort and growth both individually and collaboratively,' said Julie Myers Wood, CEO of Guidepost Solutions. 'These promotions reflect Guidepost's commitment to strengthening its leadership in regulatory compliance and recognizing the team's significant contributions to the practice's success.' Guidepost's DEA Regulatory Compliance practice, founded by former senior DEA leader Louis Milione and now lead by Krista Tongring, is comprised of former DEA personnel, all of whom are nationally respected experts, including a former DEA diversion attorney and compliance professional, diversion investigators, and special agents, who ensure compliance with the Controlled Substances Act (CSA) and Code of Federal Regulations (CFR). The team has successfully developed compliance programs that withstand DEA scrutiny, helping clients avoid financial and reputational risks from potential enforcement actions, and has proactively reviewed and enhanced clients' current compliance programs. The DEA Regulatory Compliance team has worked with almost every category of individual or entity registered by the DEA, including hospital systems, wholesale distributors, manufacturers, narcotic treatment programs, pharmacies, veterinarians, and individual practitioners. Given their vast experience, the team offers extensive training for registrants that can be customized to meet individualized needs. Krista Tongring, with over 20 years of government service, including her role as acting section chief in the DEA's Office of Compliance, continues to lead the DEA Regulatory Compliance practice. She specializes in managing compliance engagements, monitorships, and investigations, conducting DEA compliance assessments, and delivering sustainable solutions tailored to clients' organizational needs. Susannah Herkert, a nationally recognized expert, has led over 150 mock DEA inspections for numerous, leading hospital and healthcare systems. She serves as an expert witness in high-profile drug diversion cases, develops compliance protocols, conducts assessments, and creates standardized inspection readiness templates for DEA registrants. Sarah Osborne Pechnick, leveraging her experience as a DEA diversion investigator, training instructor, and staff coordinator, supports DEA registrants with anti-diversion policies, mock inspections, security assessments, and tailored training programs to mitigate enforcement risks. Guidepost Solutions is a leader in domestic and international investigations, compliance solutions, monitoring, and security and technology consulting. We work wherever your needs take us – whether on the ground around the globe – or from one of our offices located in Bogotá, Chicago, Dallas, Honolulu, London, Los Angeles, Mexico City, Miami, New York, Palm Beach, Phoenix, San Francisco, Seattle, Singapore, Walnut Creek, and Washington, DC. For more information, visit
Yahoo
27-02-2025
- Business
- Yahoo
Exclusive-TD Bank appoints compliance monitor after $3 billion US penalty for money laundering
By Nivedita Balu TORONTO (Reuters) - Canadian lender TD Bank appointed Guidepost Solutions as the compliance monitor for its anti-money laundering program after U.S. regulators hit the lender with $3 billion in penalties last year. Guidepost Solutions will monitor TD's business in the United States as part of a multi-year program to fix TD's anti-money laundering problems and strengthen its controls, Chief Financial Officer Kelvin Tran told Reuters in an interview. The costs for the monitor will be paid from a $500 million pot that TD has earmarked for compliance work. The details on the monitor are being reported by Reuters for the first time. "AML remediation is our top priority at TD, and we're making steady progress," Tran said. Guidepost Solutions is a U.S.-based company with more than 250 people, including former federal prosecutors and intelligence officers, according to its website. It specializes in investigations, monitoring and compliance. TD became the largest bank in U.S. history to plead guilty to violating a federal law aimed at preventing money laundering, and agreed to pay more than $3 billion in penalties to resolve the charges in October. The U.S. Department of Justice and Financial Crimes Enforcement Network (FinCEN) ordered TD at the time to appoint a monitor, typically a third-party consultant or law firm, to observe its operations, track its progress on risk and controls, and report to regulators. Regulators said TD ignored red flags from high-risk customers and created a "convenient" environment for bad actors to exploit. It facilitated more than $650 million in transactions to launder funds on behalf of people selling fentanyl and other deadly drugs, while its employees took bribes from criminal gangs, the officials said. TD has since announced the departure of CEO Bharat Masrani, who also led its U.S. unit before taking helm. Its global AML officer Herb Mazariegos also left, and the bank has laid off several other executives and cut salaries.
Reuters
27-02-2025
- Business
- Reuters
Exclusive: TD Bank appoints compliance monitor after $3 billion US penalty for money laundering
TORONTO, Feb 27 (Reuters) - Canadian lender TD Bank ( opens new tab appointed Guidepost Solutions as the compliance monitor for its anti-money laundering program after U.S. regulators hit the lender with $3 billion in penalties, opens new tab last year. Guidepost Solutions will monitor TD's business in the United States as part of a multi-year program to fix TD's anti-money laundering problems and strengthen its controls, Chief Financial Officer Kelvin Tran told Reuters in an interview. The costs for the monitor will be paid from a $500 million pot that TD has earmarked for compliance work. The details on the monitor are being reported by Reuters for the first time. "AML remediation is our top priority at TD, and we're making steady progress," Tran said. Guidepost Solutions is a U.S.-based company with more than 250 people, including former federal prosecutors and intelligence officers, according to its website. It specializes in investigations, monitoring and compliance. TD became the largest bank in U.S. history to plead guilty to violating a federal law aimed at preventing money laundering, and agreed to pay more than $3 billion in penalties to resolve the charges in October. The U.S. Department of Justice and Financial Crimes Enforcement Network (FinCEN) ordered TD at the time to appoint a monitor, typically a third-party consultant or law firm, to observe its operations, track its progress on risk and controls, and report to regulators. Regulators said TD ignored red flags from high-risk customers and created a "convenient" environment for bad actors to exploit. It facilitated more than $650 million in transactions to launder funds on behalf of people selling fentanyl and other deadly drugs, while its employees took bribes from criminal gangs, the officials said. TD has since announced the departure of CEO Bharat Masrani, who also led its U.S. unit before taking helm. Its global AML officer Herb Mazariegos also left, and the bank has laid off several other executives and cut salaries.
