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Chip Poncy

Center on Sanctions and Illicit Finance - Senior Advisor

Biography:

Chip Poncy serves as senior advisor of the Center on Sanctions and Illicit Finance (CSIF) at the Foundation for Defense of Democracies.

Chip Poncy is the President and Co-Founder of the Financial Integrity Network (FIN). Chip also serves as an Advisor on HSBC Turkey’s Financial System Vulnerabilities Committee.  FIN is a strategic and technical advisory firm exclusively dedicated to assisting its clients around the world achieve and maintain the financial integrity needed to succeed in today’s global economic and security environment.  CSIF is a Washington, DC-based think tank that provides leading subject matter expertise in areas of illicit finance, financial power, and economic pressure to the global policy community.

From 2002-2013, Mr. Poncy served as the inaugural Director of the Office of Strategic Policy for Terrorist Financing and Financial Crimes (OSP) and a Senior Advisor at the U.S. Department of the Treasury. As the Director of OSP from 2006-2013, Mr. Poncy led an office of strategic policy advisors in creating policies and initiatives to combat the full spectrum of illicit finance, including money laundering, terrorist financing, WMD proliferation financing, and kleptocracy flows. As a Senior Advisor from 2002-2006, Mr. Poncy assisted Treasury leadership in developing the U.S. Government’s post-9/11 strategy to combat terrorist financing. He also assisted senior leadership in creating and developing the Office of Terrorism and Financial Intelligence in the post-9/11 government reorganization.

Mr. Poncy led the U.S. delegation to the Financial Action Task Force (FATF) from 2010-2013, co-chaired the policy working group of the FATF from 2007-2013, and managed U.S. participation on various G7, G8 and G20 illicit finance experts groups from 2008-2013. Key accomplishments in these roles included assisting in the revision and adoption of the FATF’s global standards and assessment processes for future jurisdictional reviews under the FATF global network, and facilitating the integration of counter-illicit finance into the broader global financial reform agenda since 2008.

Prior to launching FIN, Mr. Poncy served as the interim Head of Financial Crimes Compliance for Mexico and the Latin American region for HSBC, assisting in the development and implementation of an enterprise-wide financial crimes compliance program adherent to global standards.

Mr. Poncy began his career as an associate in the New York offices of the law firm White & Case and has served as general counsel to biotechnology and internet radio companies. He has co-pioneered a graduate course on national security and the international financial system as an adjunct associate professor at Georgetown University’s Edmund A. Walsh School of Foreign Service. Mr. Poncy graduated with honors from Harvard University (Bachelor of Arts in Government) and The Johns Hopkins School of Advanced International Studies (Masters of Arts in International Relations) and holds a Juris Doctor from the Georgetown University Law Center.

Designing a New Anti-Money Laundering System

29th September 2016 – FDD Research Memo

Designing a New Anti-Money Laundering System

Chip Poncy, Juan Zarate

Over the past 15 years, concerns over the dangerous and corrosive impact of illicit financing have shaped core national security strategies and underscored the importance of defending the integrity of the financial system. more...

Analysis & Commentary

17th August 2017 – Quoted by The Peninsula

Qatar partners with US firm to combat terror financing

Chip Poncy, Juan Zarate

Qatar’s National Anti-Money Laundering and Terrorism Financing Committee (NAMLC) has engaged with the Financial Integrity Network (FIN), based in Washington DC, as its principal strategic adviser for enhancing Doha’s Anti-Money Laundering and Counter-terrorist Financing System (AML/CFT). The partnership will ensure that the country meets the heightened and evolving global standards and expectations for financial integrity. more...

29th September 2016 – FDD Research Memo

Designing a New Anti-Money Laundering System

Chip Poncy, Juan Zarate

Over the past 15 years, concerns over the dangerous and corrosive impact of illicit financing have shaped core national security strategies and underscored the importance of defending the integrity of the financial system. more...

15th June 2016 – Quoted by Jessie Fox, Guy Taylor - The Washington Times

Boeing-Iran deal in jeopardy as concerns persist about Tehran’s terror links

Mark Dubowitz, Chip Poncy

Two former U.S. Treasury officials cast doubt Wednesday on the prospects of a highly touted deal between Iran and the American aerospace giant Boeing, claiming concerns about Iranian money laundering and terrorism financing activities are likely to scuttle the agreement. more...

29th April 2016 – Woodrow Wilson Center

Financial Reforms in the Shadow of the “Panama Papers”

Chip Poncy

FDD's Senior Advisor for its Center on Sanctions and Illicit Finance discusses reform efforts that are receiving additional attention in the wake of the so-called “Panama Papers.” more...