Insigneo Appoints Former HSBC Executive as Its New Global AML Officer

Insigneo, a Miami-based independent broker-dealer and registered investment advisory firm, has hired Carlos Carreño as its Global AML Officer, a brand new role in the company that seeks to oversee Anti-Money Laundering (AML) procedures. According to the announcement, the former HSBC Executive will lead the existing firm’s AML team.

Before joining Insigneo, Carreño spent part of his professional career in senior roles within regulatory and financial crime compliance teams, such as Regional Chief Compliance Officer at HSBC. Also, he had a background in working as Global AML Advisory Managing Director at IPB Citibank, Senior Regional Managing Director at IWM SunTrust Bank and Associate Managing Director at Kroll Inc, Miami.

According to his LinkedIn profile, his three-year tenure at HSBC mainly developed in the following areas:

“Key strategic executive Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term role with a broad remit and responsibilities for providing oversight and management of all aspects of Financial Crime Compliance in Latin America, including impact analysis of regulatory changes, driving coordination and Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term of the various Financial Crime Compliance workstreams, while ensuring alignment with Global Standards. Leading four verticals comprised of Financial Crime Compliance, Financial Crime Assurance, Financial Crime Threat Mitigation and Financial Crime Risk COO.”

Former Barclays Capital Executive

“Delighted to include Carlos in the expanding team of talented and experienced professionals working at Insigneo. We all think he will be of great service to our brokers, advisors and our community in leading at Insigneo the complex discipline of anti-money laundering,” George Arnett, Insigneo’s General Counsel, commented.

Additionally, Carreño has expertise in handling compliance framework and regulatory affairs of seven major Latam markets, such as anti-terrorism, anti-bribery and corruption. He graduated from the University of Central Florida with a Major in Liberal Arts. Currently, Carreño serves as an Executive Board Member of the Florida International Bankers Association.

Furthermore, the new Global AML Officer of the advisory firm served as VP Compliance Officer for the Latin America Regional Office of Barclays PLC for over seven years from 1994.