Sean M. O’Malley is a Vice President and the Chief Investigator of the Financial Intelligence & Investigations Unit within the Enforcement division at the Federal Reserve Bank of New York. In this capacity, he participates and manages investigations of possible violations of banking and criminal laws and regulations by financial institutions and affiliated parties subject to the jurisdiction of the Federal Reserve. Mr. O’Malley specializes in investigations that relate to Anti Money Laundering/Bank Secrecy Act and OFAC Sanctions violations. Mr. O’Malley also acts as a liaison between the Federal Reserve Bank of New York and law enforcement agencies at both the federal and state level in advanced fee and other types of fraud detection, money laundering and terrorist-financing issues. As part of this responsibility, he has testified as an expert witness at numerous criminal trials and taught training seminars focusing on the banking system to bankers, as well as criminal agents and prosecutors from various federal and local law enforcement agencies. Mr. O’Malley was also a lead investigator on the Independent Inquiry Committee, where he helped trace billions of dollars in corruption linked to the United Nations Oil-for-Food Programme.
Prior to his employment at the Federal Reserve Bank of New York, Mr. O’Malley worked at Kroll Associates, a leading international investigation firm headquartered in New York. He served in a variety of positions, lastly as a Managing Director in the Financial Investigation Services Group. In that capacity, Mr. O’Malley led numerous fraud investigations into various industries, which included investigating financial statement fraud, embezzlements, inventory and receivable manipulations, as well as bid rigging and kickback arrangements. He also acted as a monitor for companies and unions in industries plagued by organized crime.
Prior to working at Kroll Associates, Mr. O’Malley served as a Senior Investigative Auditor for the N.Y.S. Special Prosecutor for Medicaid Fraud Control. In that position, Mr. O’Malley planned and conducted health care fraud investigations, which led to convictions of individuals and corporations in the health care and construction industries.
Mr. O’Malley graduated cum laude with a B.S. Degree in Accounting from Long Island University – Post Campus. Mr. O’Malley is a member of the New York State Society of Certified Public Accountants and the Association of Certified Fraud Examiners. Previously, Mr. O’Malley was the Chairman of the NYSSCPA’s Anti-Money Laundering & Counter Terrorist Financing Committee.