Executive Vice President, Financial Crimes Risk Management & Group Chief Anti-Money Laundering Officer
Stuart Davis was appointed Executive Vice President, Financial Crimes Risk Management & Group Chief Anti-Money Laundering Officer (CAMLO) in September 2020. In this role, he provides strategic direction for enterprise-wide Anti-Money Laundering/Anti-Terrorist Financing programs and the associated Financial Crime risks.
Stuart joined Scotiabank in 2019 as Global Head, Financial Crimes Risk Management, and has 30 years of progressive experience in leadership roles focusing on remediating, transforming and delivering risk management and compliance programs with a focus on anti-money laundering, sanctions, and financial crime prevention. Prior to joining Scotiabank, he was the Global Chief Anti-Money Laundering Officer at Bank of Montreal, and previously Enterprise Chief Anti-Money Laundering Officer and Bank Secrecy Officer at USAA Financial Services. He also held senior roles at First Data / Western Union Financial Services, Capital One, and Bank of America.
He is a global advocate on anti-money laundering and the prevention of human trafficking and child exploitation in the financial system having spoken at the UN, FATF and Vatican. He currently serves as co-chair of Finance Canada’s Advisory Committee on Money Laundering and Terrorist Financing and Chair of the Canadian Banker’s Association subcommittee on Anti-Money Laundering. In 2019, Stuart was awarded the Association of Certified Anti-Money Laundering Specialists (ACAMS) Professional of the Year, and currently serves as the co-chair of the Greater Toronto Chapter. He relocated to Canada with his family in 2013.