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Thought Leaders

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Thought Leader

WWL Ranking: Global Elite Thought Leader
Thought Leaders - Data 2019
WWL Ranking: Thought Leader

Global Leader

Data - Data Experts 2019

Professional Biography

WWL Ranking: Global Elite Thought Leader

WWL says

Richard Chalk is one of the top names in in our research this year. He stands out among peers for his "innovative approach" and "user-friendly style", as well as being "extremely good at responding to a crisis".

Biography

Richard specialises in structured data arising from business information systems and has run risk review projects and provided complex data analyses to a range of Global 500 clients. His clients are domiciled in the USA, the EU and Asia. Richard has led engagements involving widely recognised and bespoke financial and transactional databases to assess risk controls, compliance reporting, workflow processes and overall data integrity. His experience includes database creation and analysis. He is involved in Ankura’s development of business intelligence reporting systems, innovations in e-discovery review tools and advanced analytics initiatives.

Mr Chalk has demonstrated his experience on multiple OFAC, FATCA, FCPA and AML related projects. More specifically he has assisted clients in identifying their exposure to compliance, fraud, and corruption issues, by deploying data identification, collection, analysis and review techniques.

He recently worked on an OFAC sanctions look-back matter relating to a large Middle Eastern financial institution. This resulted in Mr Chalk presenting findings to OFAC, the DOJ, the FBI, the IRS and the SDNY. The look-back included 10 years of transactional activity regarding its US-dollar clearing and related activity through US and non-US banks, including trade finance activities and book-to-book transfers with possible US-dollar clearing. The review included tens of millions of SWIFT messages, 500,000 trade finance files and millions of book-to-book transfers.

He also advised on an OFAC sanctions investigation into a global financial institution. SWIFT interbank communication messages were extracted, processed and reviewed to identify transactions that were not compliant with the sanctions list. Over 1 billion messages were reduced to 150 million, and over 14 countries were involved in the investigation. Messages were screened against SDNs/PEPs/customised listings to uncover suspicious payments, and then linked in a bespoke social networking programme to reconstruct the full transaction and all associated messages.

In addition, Mr Chalk was part of the independent examiner (IE) team responsible for auditing a data request from a Swiss private bank – a matter that related to a FATCA-influenced agreement between the DOJ and the Swiss Federal Department of Finance in producing information around US-related accounts. Mr Chalk was responsible for auditing and validating all technical aspects of identifying accounts based on the prescribed US indicia, and ensuring the bank produced all requested account and transaction-level information in line with the programme. This involved analysing a large number of database queries across multiple platforms (CRM, account holder, transactional) and ensuring all results were reviewed and integrated into the final production.

Mr Chalk also led an FCPA investigation for a major beverage distributor in response to allegations of bribing public officials for favourable import tax benefits. The company was threatened with a ban from multiple Asian markets as a result. Mr Chalk was brought into the investigation to secure communications and data from 27 structured data systems, in order to follow the fund flow. He uncovered evidence to support the allegations and a scheme to pay the private-school bills of officials’ children by the tax leads in various countries, in direct disregard of company policy and senior officials’ instructions. The company was able to identify and control the issues, and settled so as to avoid the potential crippling ban.

WWL Ranking: Recommended

WWL says

Richard Chalk impresses market commentators with his adept handling of digital forensic and data analysis.

Biography

Richard Chalk is a managing director at Ankura, based in London with over ten years’ experience providing expert advice around data driven events, including financial crime and compliance investigations, litigation, insolvencies, valuation disputes, management consulting and general distressed situations. He has been recognised in the Who’s Who Legal directory in the investigations, data and eDiscovery, and data consulting categories.
Richard has demonstrated his experience on multiple matters relating to anti-money laundering sanctions, the Office of Foreign Assets Control, the Foreign Account Tax Compliance Act and the Foreign Corrupt Practices Act, with a strength in Society for Worldwide Interbank Financial Telecommunication (SWIFT) message analytics. More specifically he has assisted clients in identifying their exposure to compliance, fraud and corruption issues.

WWL Ranking: Global Elite Thought Leader

WWL says

Richard Chalk is a well-respected data expert with international experience of advising and reporting on financial crime and other data-driven matters.

Biography

Richard Chalk is a managing director at Ankura, based in London with over ten years’ experience providing expert advice around data driven events, including financial crime and compliance investigations, litigation, insolvencies, valuation disputes, management consulting and general distressed situations. He has been recognised in the Who’s Who Legal directory in the investigations, data and eDiscovery, and data consulting categories.
Richard has demonstrated his experience on multiple matters relating to anti-money laundering sanctions, the Office of Foreign Assets Control, the Foreign Account Tax Compliance Act and the Foreign Corrupt Practices Act, with a strength in Society for Worldwide Interbank Financial Telecommunication (SWIFT) message analytics. More specifically he has assisted clients in identifying their exposure to compliance, fraud and corruption issues.

WWL Ranking: Recommended

WWL says

Richard Chalk is a stand-out name in the market who is lauded by peers for being "extremely good at responding to a crisis".

Biography

Richard Chalk is a managing director at Ankura and specialises in structured data arising from business information systems and has run risk review projects and provided complex data analyses to a range of Global 500 clients. His clients are domiciled in the USA, the EU and Asia. Richard has led engagements involving widely recognised and bespoke financial and transactional databases to assess risk controls, compliance reporting, workflow processes and overall data integrity. His experience includes database creation and analysis. He is involved in Ankura’s development of business intelligence reporting systems, innovations in e-discovery review tools and advanced analytics initiatives.

Richard has demonstrated his experience on multiple OFAC, FATCA, FCPA and AML related projects. More specifically he has assisted clients in identifying their exposure to compliance, fraud, and corruption issues, by deploying data identification, collection, analysis and review techniques.

He recently worked on an OFAC sanctions look-back matter relating to a large Middle Eastern financial institution. This resulted in Richard presenting findings to OFAC, the DOJ, the FBI, the IRS and the SDNY. The look-back included 10 years of transactional activity regarding its US-dollar clearing and related activity through US and non-US banks, including trade finance activities and book-to-book transfers with possible US-dollar clearing. The review included tens of millions of SWIFT messages, 500,000 trade finance files and millions of book-to-book transfers.

He also advised on an OFAC sanctions investigation into a global financial institution. SWIFT interbank communication messages were extracted, processed and reviewed to identify transactions that were not compliant with the sanctions list. Over 1 billion messages were reduced to 150 million, and over 14 countries were involved in the investigation. Messages were screened against SDNs/PEPs/customised listings to uncover suspicious payments, and then linked in a bespoke social networking programme to reconstruct the full transaction and all associated messages.

In addition, Richard was part of the independent examiner (IE) team responsible for auditing a data request from a Swiss private bank – a matter that related to a FATCA-influenced agreement between the DOJ and the Swiss Federal Department of Finance in producing information around US-related accounts. Richard was responsible for auditing and validating all technical aspects of identifying accounts based on the prescribed US indicia, and ensuring the bank produced all requested account and transaction-level information in line with the programme. This involved analysing a large number of database queries across multiple platforms (CRM, account holder, transactional) and ensuring all results were reviewed and integrated into the final production.

Richard also led an FCPA investigation for a major beverage distributor in response to allegations of bribing public officials for favourable import tax benefits. The company was threatened with a ban from multiple Asian markets as a result. Richard was brought into the investigation to secure communications and data from 27 structured data systems, in order to follow the fund flow. He uncovered evidence to support the allegations and a scheme to pay the private-school bills of officials’ children by the tax leads in various countries, in direct disregard of company policy and senior officials’ instructions. The company was able to identify and control the issues, and settled so as to avoid the potential crippling ban.

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