Anti-Money Laundering

Alan E. Sorcher is the Leader of Deloitte’s Anti-Money Laundering Strategic Leadership Group and part of Deloitte’s Anti-Money Laundering Group.  Prior to his current position, Mr. Sorcher was a Senior Advisor for Cross-Sector Regulatory Strategies at the Financial Crimes Enforcement Network, where he was involved in FinCEN’s policy issues, rulemaking and efforts to increase effectiveness and consistency of BSA programs across sectors.

Mr. Sorcher spent almost a decade at the Securities Industry and Financial Markets Association.  As Managing Director and Associate General Counsel at SIFMA, Mr. Sorcher was responsible for anti-money laundering issues, OFAC, privacy and data protection, bank holding company issues and financial regulatory reform.  He directed SIFMA’s efforts on the implementation of the USA Patriot Act and the Gramm-Leach-Bliley Act.  In addition, Mr. Sorcher created SIFMA’s Anti-Money Laundering and Financial Crimes Committee and its Privacy and Data Protection Committee.  He also organized and chaired SIFMA’s annual anti-money laundering compliance conference and organized conferences on privacy, information security, OFAC, Foreign Corrupt Practices Act, and Gramm-Leach-Bliley topics.  Mr. Sorcher has spoken and lectured regularly on anti-money laundering compliance, Gramm-Leach-Bliley Act topics, and privacy issues, and has conducted AML training in Asia.  In 2003, “Compliance Reporter” named Mr. Sorcher its “Lawyer of the Year” for his work in helping securities firms understand and implement the anti-money laundering provisions in the Patriot Act.  Mr. Sorcher was also a member of the Treasury Department’s Bank Secrecy Act Advisory Group for eight years.

Prior to SIFMA, Mr. Sorcher was counsel at the Board of Governors of the Federal Reserve System, where he handled both litigation and investigations.  Mr. Sorcher was also a branch chief in the SEC’s Division of Enforcement, where he was responsible for overseeing investigations involving violations of the federal securities laws.

Early in his career, Mr. Sorcher was in private practice.  He received a BA in Political Science from the University of Pennsylvania and a JD from the Boston University School of Law.