Karen Schirmer serves as a vice president at Chartwell Compliance and is a subject matter expert in anti-money laundering, OFAC, money transmission, and prepaid access as well as other regulatory requirements specific to financial services. Karen originally joined Chartwell as a senior compliance director, bringing her many years of experience overseeing AML and compliance operations.
As part of the First Data leadership team for 10 years before joining Chartwell, Karen drafted and directed the operations of the 2012-2013 Global Corporate Compliance Program. Prior to First Data, as compliance director for Western Union, Inc. and Integrated Payments Systems Inc., Karen hired and trained new staff to provide training, monitoring, agent management, and compliance audits for the more than 80,000 agent locations.
Karen has 12 years of experience directing AML Compliance teams and drafting programs that identify requirements, risks, controls and methods of control validations. Karen’s career as an AML expert began in 2001 when the USA PATRIOT Act was passed and added BSA requirements to Money Services Businesses.
In addition to AML, her compliance oversight activities have included reviews of consumer services for FCRA and UDAAP compliance.
Karen has an undergraduate degree in Education from the University of Maryland, a Master’s Degree in Public Administration from the University of Colorado, and a Paralegal Certificate. In her free time, Karen can be found hiking, biking, cooking, reading, and playing cards.