Background Sven joined KPMG’s Forensic practice in October of 2004. Prior to joining KPMG ForensicSM, Sven worked with the NASD (National Association of Security Dealers) as a Compliance Examiner. His prior experience includes Financial and AML/U.S. Patriot Act compliance audits of broker/dealers as well as securities fraud examinations. Sven’s industry expertise includes domestic and international banks, broker/dealers, trust companies and hedge funds, focusing on regulatory compliance, fraud issues and AntiMoney Laundering compliance. Sven participated in the development and deployment of KPMG’s proprietary Anti-Money Laundering approach and system, for both correspondent and retail banking, which focuses on the development of scenarios to identify potentially suspicious transactions as well as other indicators of money laundering or fraud. SVEN STUMBAUER Director, Forensic Advisory Services KPMG LLP Suite 2000 303 Peachtree Street, N.E Atlanta, GA 30308 Tel 404-614-8592 Fax404-759-2184 Cell 404-402-8578 email sstumbauer@kpmg.com Sven is fluent in English, German, Czech and Slovak, and possesses a working knowledge of Russian and Spanish. Sven has extensive international professional experience, providing advisory services to clients in the United States, throughout Europe and Russia, the Caribbean Islands, South America and Asia. In addition, Sven is frequently asked to speak and/or to address regulatory compliance topics relating to Anti-Money Laundering in the current marketplace. In the last two years, Sven has been invited to speak at the several conferences in the U.S., Caribbean Islands, South America, and the Middle East. Sven currently serves on the Board of Directors of the Florida International Bankers Association (FIBA). Professional and Industry Experience Sven has substantial experience leading and coordinating Forensic advisory engagements in the financial services industry. He has served as leader for planning, execution, and delivery of anti-money laundering gap assessments, independent assessments of financial institutions’ Anti-Money Laundering Programs, validation of transaction monitoring systems and fraud investigations in the United States, throughout Europe and Russia, the Caribbean Islands, South America and Asia. He has also provided subject matter knowledge and guidance to leading financial institutions on controls to comply with the Bank Secrecy Act and the USA PATRIOT Act. Professional Associations • Florida International Banker’s Association (FIBA) • South Florida Banking Institute • Association of Certified AntiMoney Laundering Specialists • Association of Certified Fraud Examiners • Professional Risk Managers’ International Association • German American Chamber of Commerce Languages English - Fluent Czech - Fluent Slovak - Fluent German – Fluent Russian - Conversant Spanish - Conversant Transaction Monitoring Systems (AML and Fraud) • Assisted several large US financial institutions in deploying, implementing and independently validating commercially available fraud detection and prevention systems. • Assisted several large US financial institutions in deploying, implementing and independently validating commercially available AML transaction monitoring solutions, Fortent (Searchspace), Mantas, Actimize, Prime, Norkom, ASSIST, BSA Reporter as well as internally developed AML transaction monitoring solutions. • Assisted several US and foreign financial institutions in “tuning” and increasing the efficiency of their AML transaction monitoring solutions, including but not limited to Fortent (Searchspace), Mantas, Actimize and Prime. Education, Licenses & Certifications • Master of Business Administration with concentration in Finance and International Business, Georgia Institute of Technology • Graduate Certificate in International Business, Georgia Institute of Technology • Bachelor of Science in International Trade, Georgia Southern University • Conducted a validation of the transaction monitoring system for a Pakistani headquartered bank to assist the bank in compliance with regulatory mandates and expectations.. © 2008 KPMG LLP, a U.S. limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. Printed in the U.S.A. Page 1 of 5 SVEN STUMBAUER Director, Forensic Advisory Services • Wirtschaftsuniversität Wien (Vienna University of Economics and Business Administration) Commerce • Höhere Technische Bundeslehranstalt für Maschinenbau Wien X (Higher Technical Institution for Mechanical Engineering Vienna X) - Mechanical Engineering • Completed NYSE/NASD Series 7 examination • Certified Anti-Money Laundering Specialist (CAMS) • Certified Anti-Money Laundering Professional (AMLP) AML Transaction Lookbacks • Conducted and managed Transaction Lookbacks for several domestic and international financial institutions. • Co-lead a team of U.S. and Russian KPMG professionals in providing AML advisory services to a Russian Federation financial institution. KPMG assisted the bank with preparing risk assessments for customer transactions that would allow the bank to risk rank each customer as low or high risk. KPMG also assisted the bank in developing a Know Your Customer (“KYC”) checklist and a checklist for the manual transactional documentation review of particular customer transactions. The risk assessments and checklists adhered to Russian and Japanese regulatory requirements. KPMG also reviewed the bank’s AML policies and procedures with regard to Russian and Japanese legislation requirements. • Assisted the subsidiary of a large international financial institution in conducting a transaction Lookback of its Trust business mandated by the OCC. • Conducted a Lookback of approximately 5.5 billion transactions of a premier US financial institution for compliance with Bank Secrecy Act and relevant anti-money laundering rules and regulations mandated by the Federal Reserve. AML Independent Testing • Conducted an AML independent testing of one of the world's largest mutual fund firm and broker/dealer, focusing on the review and assessment of its proprietary transaction monitoring system. • Performed the annual independent testing of a large private broker dealer’s AntiMoney Laundering Program. Emphasis of testing included Customer Identification Program, suspicious activity reporting, transaction monitoring, foreign correspondent banking and foreign private banking. • Performed an independent testing of an Okinawa, Japan based money services business. Proprietors of the money services business intended to use KPMG report to maintain its banking relationship in the U.S. • Developed, led and implemented Anti-Money Laundering training programs for financial institutions. • Conducted Anti-Money Laundering compliance and investigative advisory services for a premier financial institution in the United States. • Conducted a Lookback of approximately 5.5 billion transactions of a premier US financial institution for compliance with Bank Secrecy Act and relevant anti-money laundering rules and regulations mandated by the Federal Reserve. FINRA/SEC Financial and Compliance Services • Assisted several leading U.S. law firms in assisting their clients with regulatory and /or examination matters brought forth by FINRA, the SEC or various state regulatory agencies. The clients included broker/dealers, registered investment advisers, mutual funds and hedge funds. The range of matters covered in this area includes but is not limited to the following regulatory areas: net capital , suitability, stock fraud, stock © 2008 KPMG LLP, a U.S. limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. Printed in the U.S.A. Page 2 of 5 SVEN STUMBAUER Director, Forensic Advisory Services manipulation, sales practices, suitability, OFAC and AML rules and regulations, FCPA, and corporate governance issues. Merger & Acquisition Due Diligence • Conducted several due diligence assessments of banks and broker/dealers in the U.S. and Latin America focusing on overall regulatory, fraud and money laundering exposure the potential acquisition presents for the acquiring entity. Previous Experience – Regulatory – NASD • Lead, coordinated and implemented compliance exams for NASD/NYSE member firms reviewing every regulatory aspect of broker/dealers under NASD and SEC rules and regulations, including sales practices and securities related issues. • Reviewed and analyzed monthly/quarterly financials of broker/dealers, and acted as a liaison for 30+ broker/dealers and the NASD. • Served as a source of interpretive guidance for senior management of broker/dealers with respect to new rules and regulations of the MSRB, NASD, and SEC. • Analyzed and audited broker/dealer security offerings, policies and terms. • Specialized in AML (Anti-Money Laundering)/U.S. Patriot Act compliance audits and financial audits. • Lead and participated in on-the-record testimonies of broker/dealers before the NASD. Technical Skills Microsoft Office, IDEA, Fortent (Searchspace), Mantas, Actimize, Prime, Norkom, ASSIST, BSA Reporter Selected Publications • “Los agentes de bolsa y la nueva fase de cumplimiento anti-lavado de dinero” – Legalmente Hablando, Venezuela, November 2008 • “Money Services Businesses – Friend or Foe?” – Antimoneylaundering.us, Venezuela, July 2008 • “Broker/Dealer AML Compliance Enters News Phase” – Antimoneylaundering.us, Venezuela, July 2008 • “The Future of International Private Banking in the United States” - Florida International Banker’s Association Newsletter, USA, July 2008 • “Money Services Businesses – Friend or Foe?” - Florida International Banker’s Association Newsletter, USA, June 2008 • “MSBs – Friend or Foe?” – Securities Industry News, USA, April 2008 • “Global Anti-Money Laundering Compliance” – ACAMS Today, USA March 2008 • “AML Considerations in the Context of Mergers and Acquisitions” - Complinet, November 2007 • “The Rinse Cycle – Anti-Money Laundering Considerations in M&A Deals,” – The Deal, October 2007 • “AML Compliance Poses New Challenges for Broker/Dealers” – Complinet, August 2007 © 2008 KPMG LLP, a U.S. limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. Printed in the U.S.A. Page 3 of 5 SVEN STUMBAUER Director, Forensic Advisory Services • “Broker-Dealer AML Compliance - New Challenges” - Securities Industry News, USA, August 2007 Selected Speaking Engagements • “The Role of Forensic Investigators in Assisting Financial Institutions to Prevent Money Laundering,” Congreso Mundial sobre Prevención de Lavado de Activos y Financiamiento al Terrorismo (CIPLAD), Costa Rica, November 2008 • “AML Compliance Challenges with Cross-Border Operations,” Mexican Banker’s Association, 10th International Seminar of Money Laundering and Terrorist Financing Prevention, Mexico, October 2008 • “Fundamental Elements of an AML Compliance Program,” Mexican Banker’s Association, 10th International Seminar of Money Laundering and Terrorist Financing Prevention, Mexico, October 2008 • “Fraud Risk Management for Financial Institutions, “Cayman Islands Bankers' Association, Grand Cayman, October 2008 • “Know Your Customer” From the Bank’s Point of View. How to Maintain Accounts for MSBs and Casas de Cambio, 3rd International Money Transmitter Convention, USA, September 2008 • “Anti-Money Laundering Compliance for Broker/Dealers – New Challenges,” XII Congreso Hemisférico Para la Prevencion de Lavado de Dinero y el Combate de Financiamiento del Terrorismo, Panama, August 2008 • “The Future of International Private Banking PART II: Current Regulatory Trends and Best Practices,” Florida International Banker’s Association, USA, July 2008 • “Anti-Money Laundering Compliance for International Broker/Dealers - Current Trends and Leading Practices,” IV. Conferencia Internacional Antilegitimación de Capitales y Contra el Financiamiento al Terrorismo, Venezuela, July 2008 • “Anti-Money Laundering Considerations for Hedge Funds and Fund Administrators,” Cayman Islands Bankers' Association, Grand Cayman, April 2008 • “International Correspondent Banking - Current Trends and Leading Practices,” 6th Offshore Alert Financial Due Diligence Conference, USA, April 2008 • “Anti-Money Laundering Considerations for Trust and Investment Management,” The Fiduciary & Investment Risk Management Association, USA, March 2008 • “Anti-Money Laundering Compliance for Broker/Dealers Current Trends and Leading Practices,” Florida International Banker’s Association, USA, March 2008 • AML Transaction Monitoring Systems - Leading Practices and Common Pitfalls,” Florida International Bankers Association, 8th Annual AML Compliance Conference, USA, February 2008 • “Money Laundering Red Flags, Typologies, System Challenges,” U.S. – Middle East/North Africa Treasury Private Sector Dialoque on Combating Money Laundering and Terrorist Financing, Dubai, December 2007 • “Sanction Compliance for Global Financial Institutions,” Middle East-North Africa International Money Laundering/Terrorist Financing Conference & Exhibition, Dubai, December 2007 • “AML Transaction Monitoring Systems – How to Successfully Deploy an Automated AML Monitoring System,” Middle East-North Africa International Money © 2008 KPMG LLP, a U.S. limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. Printed in the U.S.A. Page 4 of 5 SVEN STUMBAUER Director, Forensic Advisory Services Laundering/Terrorist Financing Conference & Exhibition, Dubai, December 2007 • “Fraud Risk Management - How Banks Are Facing Up to the Challenge,” South Florida Banking Institute, October 2007 • “Global Anti-Money Laundering Survey 2007 - How banks are facing up to the challenge,” 3rd Annual AML Compliance Conference, Grand Cayman, October 2007 • “Global Anti-Money Laundering Survey 2007 - How banks are facing up to the challenge,” Florida International Banker’s Association, USA, September 2007 • “AML Transaction Monitoring Systems - Leading Practices and Common Pitfalls,” Webinar, Florida International Banker’s Association, USA, September 2007 • “AML Transaction Lookbacks – Leading Practices,” American Bankers Association Regulatory Compliance Conference, USA, June 2007 • “Managing AML Risks Involving Broker/Dealers and Mutual & Hedge Funds,” Webcast, Association of Certified Anti-Money Laundering Specialists (ACAMS), USA, October 2006 • “AML Transaction Monitoring Systems and Transaction Lookbacks – Leading Practices,” ABA/ABA Money Laundering Enforcement Conference , USA, October 2006 © 2008 KPMG LLP, a U.S. limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. Printed in the U.S.A. Page 5 of 5