Richard N. Pagnotta, Sr.

Richard N. Pagnotta, Sr.

Richard N. Pagnotta, Sr. is a Deputy General Manager, Senior Vice President, and Chief Compliance Officer for Itaú Unibanco S.A., New York Branch.. He is responsible for the day-to-day management of the Compliance Department and oversees Risk Management of BSA/AML and OFAC Compliance, as well as Corporate Compliance.
Mr. Pagnotta is an accomplished compliance professional and a regulatory/anti-money laundering compliance specialist with extensive experience in building, managing, and maintaining compliance programs for foreign banks, as well as managing the regulatory authority examination process for foreign banks since the enactment of the International Bank Supervision Act of 1991.

Richard has over 35 years of international banking experience, with a focus on BSA/AML, OFAC and Corporate Compliance for twenty of those years. Prior to working at Itaú Unibanco S.A., New York Branch, Mr. Pagnotta developed the BSA/AML and OFAC Compliance Program of China Merchants Bank Co., Ltd., New York Branch. He successfully built all initial compliance programs and developed formal written regulatory policies and procedures. His expertise further includes compliance risk management, developing regulatory and AML training and comprehensive compliance testing and monitoring programs, implementing and maintaining automated AML systems for Customer Due Diligence, Enhanced Due Diligence, Transaction Monitoring, OFAC and FinCEN 314(a), and MIS Reporting.

Previously, Richard was Head of Compliance North America at Eurohypo AG, New York Branch where he led the overall management and day-to-day operations of their compliance programs in New York, Chicago and Los Angeles. He also worked at CIBC World Markets Corp. where, as Executive Director and Compliance Officer he was responsible for the development of a Compliance Risk Assessment Program. Prior to that, Richard was a Vice President and Compliance Officer at Mizuho Corporate Bank, Ltd.

He attended St. John’s University, and received his Certified Compliance Regulatory Professional (CCRP) certification at Pace University’s CCRP program in partnership with the Association of International Bank Audit and Compliance Professionals Inc. (AIBA) where he is a member of the Board of Directors and Treasurer. A member of the initial Curriculum Committee, Richard was one of the pioneers of the CCRP program, and occasionally lectures at CCRP classes on compliance related topics. He participated in the Correspondent Banking Panel at the Florida International Bankers Association Annual Anti-Money Laundering Conference and is active at the Institute of International Bankers (IIB) where he is a member of the Compliance Officers and Legislative and Regulatory Policy Committees.