Pete Balint, Co-Founder
Pete Balint is the Dominion partner in charge of transaction monitoring development and optimization. Pete makes this challenge easier to meet by bringing over 15 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. 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 oversees the implementation of processes to analyze anomalous transactions, develops effective customer risk rating programs and leads evaluations of financial institutions’ sanctions and AML programs.
Jon Glass, Co-Founder
Jon Glass, Co-Founder and Chief Operating Officer of Dominion has more than 20 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.
Ron Paladino, Chief Technology Officer
Ron joined Dominion as their Chief Technology Officer in 2014. Ron understands that developing technology solutions is the only way to build and sustain a compliant and efficient BSA/AML operation. He helps clients leverage technology to optimize alert output, improve workflow, generate effective management reports, and manage customer risk rating.
Ron has over ten years of experience in BSA/AML technology with a deep understanding of the applications and systems which make a department run smoothly.
Before entering the financial services industry, he worked for nine years with a Fortune 500 technology firm developing manufacturing software and designing process improvements.
Ron attended St. Bonaventure University.