Navigant's Alma Angotti relocates from Washington, DC to London
Alma Angotti, Navigant’s co-lead of its global investigations and compliance (GIC) practice, has relocated from the firm’s Washington, D.C. to the London office.
The GIC practice of Navigant, a global consulting firm with offices in eleven countries, helps clients deal with topics such as regulatory settlements, corporate investigations, remediation of regulatory violations and financial crime deficiencies, managing AML programs, and technology adoption. The arm works closely together with other service lines within Navigant, to offer a suite of management consultancy, risk management and financial advisory propositions.
Angotti brings over 25 years of experience to her role in the United Kingdom. Prior to joining Navigant in 2011, she served as senior special counsel in the Department of Enforcement at the Financial Industry Regulatory Authority, senior enforcement counsel at the Financial Crimes Enforcement Network of the U.S. Department of the Treasury, and senior counsel in the Division of Enforcement at the U.S. Securities and Exchange Commission.
From Navigant’s base in London, located at 25 Basinghall Street, Angotti will continue to work with current clients in North America while also strengthening relationships with institutions in the United Kingdom, continental Europe, the Middle East, and Asia. In addition to managing the GIC practice, she will focus on issues concerning anti-money laundering (AML), ‘Know Your Customer’ regulations, sanctions compliance, remediation of compliance deficiencies, and adapting to the rise of new financial products such as cryptocurrencies.
Angotti’s appointment comes at a time when the risks associated with financial crime have reached their highest point in history. Money laundered last year amounted, according to one estimate by the United Nations, to between 2% to 5% of global GDP, or $800 billion to $2 trillion. Similarly, damages stemming from cybersecurity breaches (damage or loss of data, downtime, lost productivity, post-attack disruption, etc) spiraled to $8 billion last year, estimated Cybersecurity Ventures, up from $5 billion the year previous. In a bid to counter the threats, organizations of all sizes are investing strongly in compliance measures, partly on the back of government and watchdog regulation obliging them to make necessary changes to methods, processes and controls.
“Ongoing regulatory scrutiny, new technological challenges, and reputational risks facing financial institutions require a global focus,” said Ellen Zimiles, a managing director at Navigant. “Alma is an accomplished leader who has worked closely with clients and regulators around the world. Her background as an enforcement attorney conducting investigations and litigating a variety of enforcement actions ensures that our clients receive world-class expertise.”
Alma Angotti holds a Juris Doctor degree from the University of Virginia School of Law.
Last week Navigant’s GIC practice in London also added James Siswick to its team; he joined from KPMG.
