Daniel Lane

Director

Dan Lane, a Director with Treliant, is an accomplished professional in corporate accounting, financial auditing, forensic accounting, regulator-directed monitorship, and financial crimes compliance. He has worked with financial institutions, publicly-traded companies, and state government agencies.

Dan has a history in financial crimes compliance stemming from his experience at the global consulting and financial advisory firms of AlixPartners/Freeh Group, Guidehouse, and KPMG. His expertise includes conducting sensitive investigations related to professional misconduct, bribery and corruption, fraud, economic sanctions, and money laundering. He has also conducted extensive financial and risk control audits for financial institutions, energy providers, and publicly traded companies.

Dan is a member of Treliant’s Global Financial Crimes Compliance practice. His past engagements in this field include an assessment and lookback investigation of a Northeast U.S. correspondent bank’s program for anti-money laundering and combating the financing of terrorism (AML/CFT). The review of international wire transactions identified nearly $145 million in suspicious transactions from high-risk jurisdictions in the Middle East, East Asia, and Central America. The transactions were reported to the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) via suspicious activity reports (SAR) for possible violations of the Bank Secrecy Act (BSA) and Office of Foreign Assets Control’s (OFAC’s) Specially Designated Nationals List (SDN).

As a former Vice President and Director with AlixPartners (Freeh Group), Dan assisted in several monitorships of large international retailers and energy providers under deferred prosecution agreements (DPA) with the U.S. Department of Justice (DOJ). These monitorships focused primarily on violations of the Foreign Corrupt Practices Act (FCPA) and required reviews and ongoing assessments of compliance programs.

Throughout his career, Dan has handled assignments in various international jurisdictions in Asia, Central and South America, Europe, and the Middle East. In addition, he has co-authored several articles and client bulletins related to transaction monitoring, COVID-19 related fraud, and updates to the Fair Credit Reporting Act (FCRA).

Dan holds a BS, with high honors, in Accounting with a minor in Criminal Justice from West Chester University of Pennsylvania. He is also a Certified Anti-Money Laundering Specialist (CAMS) and Certified Fraud Examiner (CFE).

Insights by Daniel Lane

The Cost of Inaction: Why Financial Institutions Should Prioritize Identity Verification

Identity fraud is a rapidly growing problem that affects individuals and organizations across the globe, with financial institutions being particularly vulnerable to these types of attacks. A recent international survey showed the cost of identity fraud varying widely among several types of financial organizations, with smaller banking institutions being hit the hardest. The survey’s findings highlight the urgent need for financial organizations to take proactive steps to protect themselves and their customers from identity fraud.

Treliant Takeaway…Wolfsberg Group Issues Updated Anti-Bribery and Corruption Compliance Program Guidance

Possessing the ability to prevent, identify, and remediate potential bribery and corruption related misconduct is vital in this heightened regulatory environment. Treliant’s Global Financial Crimes Compliance (GFCC) team can assist in developing and maintaining effective corporate compliance programs for financial institutions of all sizes. Treliant’s team includes experienced industry leaders and subject matter experts such as former compliance officers, audit professionals, and regulatory and supervisory examiners.