James F. Dowling, CFS
James Dowling is the founder and Managing Director of Dowling Advisory Group. He has more than 30 years experience in the areas of fraud, misconduct, anti-money laundering (AML) and risk management. His career includes extensive experience in federal law enforcement, “Big Four” accounting and regulatory compliance. Prior to forming DAG, Jim was the Managing Director in the Forensics practice at KPMG where he led regulatory compliance matters, as well as fraud and misconduct investigations.
Jim is a recognized industry leader in Financial Regulatory Compliance. He has assisted numerous financial institutions, as well as “non-bank financial institutions” such as casinos, broker dealers, and money service businesses (MSBs) in improving their AML programs, risk assessments, and policies and procedures in both proactive and reactive situations. Jim also has provided AML/BSA training to clients, regulators, and governmental agencies including the Federal Reserve Private Equities Group, the National Drug Intelligence Center, the Central Intelligence Agency and state gaming regulators. In the area of fraud and white collar crime, his investigations have included fraud and misconduct, fraud against financial institutions, theft and misallocation of corporate funds, and asset tracing.
Jim has testified as a fact and expert witness in depositions, civil trials, and criminal trials in both state and federal court. These trials included allegations of money laundering, tax evasion and other white-collar crimes.
Prior to his Big Four experience, Jim was a Special Agent with the IRS Criminal Investigation Division and the Anti-Money Laundering Advisor to the White House Drug Policy Office. In this capacity, he provided policy, analytical and technical assistance for domestic and international money laundering issues. He was responsible for preparing numerous threat assessments and strategic initiatives to address those threats. Jim was also a contributing author of the most recent U.S. Government’s National Money Laundering Threat Assessment and Strategy which was signed by the President.
As a former Special Agent, Jim investigated and supervised complex financial investigations of national and international scope. He spent more than six years as an undercover agent investigating off-shore tax shelters and criminal enterprises engaged in money laundering and tax fraud.
Jim earned a bachelor’s degree in Business Administration from Western Michigan University and a master’s degree in Computer Information Security from Eastern Michigan University.
Manager, CFE, CAMS
John P. Everett is a seasoned financial professional with more than 30 years experience conducting complex financial investigations, establishing anti-money laundering (AML) programs for financial institutions and helping clients improve their existing policies and procedures. While still with the Internal Revenue Service, John was the point of contact for Los Angeles based financial institutions on matters related to the Bank Secrecy Act and related money laundering issues. As a consultant for such companies as Deloitte & Touche LLP, AML Specialist and Doyle Group, John conducted AML look-backs, investigations, and enhanced due diligence projects for various financial institutions both large and small. He has also worked with the Federal Bureau of Investigation, providing financial expertise in sensitive investigations involving national security.
Prior to joining the private sector, John served as a Special Agent with the Criminal Investigation Division of the Internal Revenue Service where he conducted complex financial investigations, which were national and international in scope. As a Special Agent, he provided advice and guidance to the financial industry regarding suspicious financial transactions and anti-money laundering procedures. He also worked with the Organized Drug Enforcement Task Force (OCDETF) where he was recognized for his outstanding work managing complex money laundering investigations.
In February 2007 and again in January 2009, John was deployed to Iraq as a Law Enforcement Professional (LEP) embedded with the 20th Engineer Brigade, XVIII Airborne Corps and with Special Operations Command respectively. This is a new concept that involves partnering experienced civilian criminal investigators with military offensive operations. In this position, John provided criminal investigative expertise to the U.S. Army’s fight against terrorist groups operating in the region.
John is a licensed private investigator, as well as a Certified Fraud Examiner (CFE) and Certified Anti-Money Laundering Specialist (CAMS).
Henry D. Espinoza is a seasoned financial professional with more than 32 years experience conducting and supervising complex and sensitive criminal financial investigations, establishing and managing the Bank Secrecy Act (BSA)/anti-money laundering (AML) programs for major financial institutions, assisting other financial institutions improve their procedures, and auditing individual and small business tax returns. As a Manager for the Dowling Advisory Group, Henry has conducted the Independent Testing of the BSA/AML/OFAC programs at state regulated and Native American casinos, as well as card clubs. He has also assisted numerous Money Service Businesses (MSBs) in improving and testing their programs. Henry has also reviewed the internal AML alerting and investigative process for a major financial institution. In this capacity, he was responsible for reviewing and approving hundreds of internal AMGL alert reports to ensure they were prepared in compliance with BSA regulatory requirements. As a former manager in the Financial Investigation Unit (FIU) for Union Bank of California, Henry was responsible for establishing and maintaining the Unit’s controls and systems over the BSA/AML investigative process in compliance with BSA regulations and directives. In this position, he provided direct supervision and leadership to four Team Leaders and 30 senior to junior level investigators. During his tenure with the FIU, Henry was instrumental in the lifting of a “Cease and Desist Order” issued by the Office of the Comptroller of the Currency against Union Bank for prior BSA violations.
Prior to joining the private sector, Henry served as a Supervisory Special Agent and Special Agent with the Internal Revenue Service (IRS) Criminal Investigations, where he supervised and conducted numerous complex and sensitive criminal financial investigations. These investigations included tax evasion, money laundering, terrorism, loan and bank fraud, bankruptcy fraud, health care fraud, subsidy fraud, alien smuggling, armed robbery, investment fraud, structuring, identity theft, and seizures and forfeitures. From 2003-2006, Henry was the Chairman of the Los Angeles High Intensity Financial Crimes Area (HIFCA) Task Force. The mission of the HIFCA Task Force was to work with State and Federal law enforcement agencies and private financial institutions to identify, investigate, prosecute, and dismantle high level and complicated money laundering schemes and organizations from BSA information and other sources. As the HIFCA Chairman, Henry was responsible for organizing and presenting the annual Los Angeles/Orange County Bank Secrecy Act/Money Service Business Conference in Los Angeles and Norwalk, California.
Before transferring to IRS Criminal Investigations, Henry was a tax auditor with the IRS Examination Division, where he was responsible for auditing individual and small business tax returns to resolve issues for customers and to determine their correct tax liability using required and analytical methods. As a tax auditor, Henry was required to have extensive knowledge of the tax code and regulations, and to be skilled in the use of fact finding and analytical techniques.