Oscar A. Herasme advises companies in the financial services sector on state and federal laws, regulatory compliance, and compliance with tax matters, including money laundering prevention, permissible investments, risk control, operating licenses, and other regulatory matters. He represents banks, credit unions, specialty finance companies, and money service businesses (NSM), including national and international remittance companies and foreign exchange companies. Mr. Herasme also advises these entities on a variety of corporate matters such as the development of Sarbanes-Oxley Act policies and procedures, consumer privacy, and agency agreements.
Mr. Herasme founded Compliance Plus Services, LLC in January 2011. Prior to establishing the firm, he was a member of Compliance Associates, LLC, located in Florida. From 2003 to 2009, Mr. Herasme was President of the External Compliance Officer, Inc. (“ECO”), a leader in transaction analysis and money laundering prevention advice, based in New Jersey. Between 1995 and 2000, Mr. Herasme was an Assistant District Attorney at the New York County Attorney’s Office in Manhattan. Between 2002 and 2003 he served as legal advisor to the Immigrant Banking Subcommittee of the New York State Assembly. Mr. Herasme has also been actively involved in private practice providing advice on corporate and litigation matters to a variety of clients, including the government of the Dominican Republic. He is currently a counsel at the Herbert Law Group, LLC law firm in New Jersey.
Mr. Herasme has served as a speaker and panelist at conferences focusing on the Bank Secrecy Act (BSA), the Patriot Act (USAPA), the Foreign Assets Control Network (OFAC), as well as national and international practices and procedures. in anti-money laundering matters. He has also written and chaired seminars on related topics, including financial information exchange, wire transfer rules, and risk assessments.
Mr. Herasme received a BA in economics from Pace University in New York and his JD from the University of Wisconsin, where he was a deputy editor of the law journal Wisconsin Law Review. He is also a certified professional with the Association of Certified Anti-Money Laundering Specialists (ACAMS ™) based in Miami, Florida.