Management Team

Lawrence I Hebert, Chairman, Board of Advisors

Mr. Hebert is the Chairman of the Board of Advisors for the Dominion Advisory Group where he provides strategic advice and direction to the executive team.  Mr. Hebert also provides advice and consultation to Dominion’s clients on matters relating to regulatory enforcement action, Board of Director reporting, and compliance management.

Mr. Hebert is the Chairman and CEO of Intrepid Solutions, a full provider of management consulting, information technology, operations management and training to defense and national security departments and agencies of the U.S. government.

From 2001 to 2005 Mr. Hebert was the President and CEO of Riggs Bank N.A. as well as a member of the Riggs National Corporation Board of Directors.  During this time he led Riggs through several BSA regulatory enforcement actions and was instrumental in the successful integration of Riggs into PNC Bank, where he remained until 2007 as a Senior Advisor.

From 1989 until 2010 Mr. Hebert was a director of Allied Capital Corporation (NYSE), a leader in the private finance industry that provided debt and equity financing to middle market companies.  In 2010 Larry assisted in the successful sale of Allied to Ares Capital Corporation.

Mr. Hebert previously served as Vice Chairman from 1983 to 1998, President from 1984 to 1998, and Chairman and Chief Executive Officer from 1998 to 2001 of Allbritton Communications Company.

David Caruso, Chief Executive Officer

David Caruso is the Chief Executive Officer of Dominion.  David has built AML and sanctions compliance programs and led complex financial crimes investigations for over 15 years. 

David’s extensive experience helping to solve the most notable AML enforcement events of the past decade enables him to advise AML Directors, Chief Compliance Officers, General Counsels, CEOs and Boards of Directors on responding to regulatory and enforcement inquiries.  In addition, he’s brought his experience in optimizing operations and ensuring consistent and sustainable compliance to dozens of mid-size and large banks.

Prior to forming the Dominion Advisory Group, David was the Executive Vice President, Compliance & Security of Riggs Bank N.A. where he was hired to build a regulatory compliance, investigations, and security department in response to the 2003 enforcement actions against Riggs. David led the development and implementation of a BSA/AML program across all consumer, commercial, investment and international business lines. He was also responsible for reporting on the bank’s efforts to resolve its regulatory challenges to senior examination and headquarters staff of the Office of the Comptroller of the Currency, Federal Reserve Bank, the U.K.’s Financial Services Authority, senior Department of Justice officials and the staff of several Congressional committees.

While at Riggs, Mr. Caruso oversaw the two landmark AML investigations involving corruption and money laundering by the dictator of Equatorial Guinea and former Chilean President Augusto Pinochet.

Prior to joining Riggs, Mr. Caruso was a director at two big four accounting firms where he led anti-money laundering compliance and fraud investigations practices. Prior to consulting, Mr. Caruso was the manager of the anti-money laundering and enhanced due diligence group at JP Morgan & Company.

Mr. Caruso began his career as a Special Agent with the U.S. Secret Service where he was assigned to the New York Field Office’s Financial Institution Fraud group. He received his BA from the George Washington University.

Jon Glass, Chief Operating Officer and Director of AML Operations

Jon Glass, Co-Founder and Chief Operating Officer of Dominion has more than 15 years experience managing and operating AML compliance, fraud detection, and security programs across multiple industries. 

Prior to co-founding The Dominion Advisory Group, Jon was Vice President of Transaction Monitoring and AML Investigations at Riggs Bank in Washington DC.  Riggs hired Jon in 2003 as part of the Bank’s response to OCC and Federal Reserve BSA/AML enforcement actions.  Jon built the components of the Riggs BSA/AML program centered on transaction monitoring, case management, investigations and SAR filing.  This work included developing comprehensive processes and implementing technology to meet the requirements of the USA PATRIOT Act, BSA, and fulfill the mandates of multiple enforcement actions.

Since leaving Riggs Bank in 2005 and co founding The Dominion Advisory Group, Jon has successfully consulted and overseen the re-engineering of financial intelligence units (FIUs) for domestic and international banks under regulatory enforcement action.  Clients include banks with asset sizes of $5 billion, $20 billion, $60 billion, $100 billion, $350 billion and $800 billion.  Jon’s work includes helping clients hire and train FIU staff, implement and optimize monitoring systems, design case management programs and improve analysis and investigation quality.

Prior to his immersion in the AML field in 2003, Jon was the Director of Fraud and Security at AT&T Wireless and held similar positions at Ameritel Communications and Sprint Spectrum.  In this capacity Jon was responsible for establishing and operating internal and external fraud detection and prevention programs necessary for telecommunication companies to operate successfully. 

Jon earned his BA from the George Washington University.

Pete Balint, Chief Financial Officer and Director of Transaction Monitoring Services

Pete Balint is the Dominion partner in charge of transaction monitoring development and optimization.  Transaction monitoring and alert management are among the most challenging aspects of AML compliance.  Pete makes this challenge easier to meet by bringing nearly 10 years of “in-the-trenches” experience to developing effective monitoring scenarios and reducing the amount of low value or “false-positive” alerts that all monitoring systems are known to produce. 

Dominion understands that the first crucial step in AML compliance is the ability to accurately detect potentially suspicious activity.  The largest AML compliance failures of the past decade were born from the inability to properly detect suspicious activity and the catastrophic decisions that emerge when institutions find themselves buried under endless numbers of alerts.  Pete has led Dominion’s efforts to fix these problems and he has done so at some of the nation’s largest banks and in many of the most notable AML compliance actions of the last decade.

Pete oversees the implementation of processes to analyze alerts, develop specific monitoring programs for high-risk customers such as PEPs and cash intense businesses and high-risk products like correspondent banking and remote deposit capture.

Pete earned his BA from Georgetown University.