NEW YORK: Today, Passthrough, a leader in fund workflow automation for investors, fund managers, and other fintechs, announced the addition of Mark Mangion to their team as Head of Financial Crime.

Mangion is a Certified Anti-Money Laundering Specialist (CAMS) and Certified Fraud Examiner (CFE) who has a thirteen-year career in the financial crime field. He has been responsible for leading anti-money laundering efforts, financial investigations, and regulatory compliance efforts for a wide array of companies and organizations. This includes Big 4 consulting firms, government-sponsored enterprises, real estate investment advisors, and twenty financial institutions across the United States. He has also become a leading authority in the field of financial crime prevention, training thousands of professionals and sharing his insights onstage at financial crime and private funds conferences.

For the past two years, Mangion has acted as a financial crime advisor for Passthrough, supporting Passthrough’s growth of customers across managed services, fund administration, and more. After witnessing firsthand the growing interest in Passthrough’s services and the success of their subscription document platform and KYC/AML offerings, he decided to join the team full-time.

“We aren’t just giving our customers regulatory compliance, we’re giving them the assurance that our product and service is up to date with the latest security and compliance protocols,” says Tim Flannery, Co-Founder & CEO of Passthrough. “These industry regulations are coming whether we like it or not. What we want to ensure is that our clients have the peace of mind that comes with being fully compliant. Mark is the industry expert and we are thrilled to have him spearheading this for us.”

In this new role, Mangion will be working with Passthrough’s customers such as investment advisors, fund managers, and fund administrators to address and comply with new regulations hitting the industry. Fund managers need to meet compliance requirements for long-term success, and under Mark’s guidance, Passthrough will be able to deliver this best-in-class service.

“Having worked with Passthrough for the past couple of years, I’ve seen the demand for platforms and services like this,” says Mangion. “I want to ensure that our customers not only have the tools and knowledge to do their jobs well, but to do them right. That means staying up-to-date with compliance requirements and being adaptable to the constantly changing regulatory landscape. I’m excited to expand on the work we’ve already achieved together as I step into this new role.”

Mangion’s new role is a natural step as Passthorugh continues to grow its services in the upcoming years. Their signature KYC/AML offerings are set to expand and include training, enhanced due diligence screening, and documentation review services.

About Passthrough

Passthrough turns investor onboarding into a solved problem – seamlessly managing subscription document distribution, execution, and KYC/AML compliance in minutes. Founded by former leaders from the Carta Investors Services team Alex Laplante, Ben Doran, and Tim Flannery, Passthrough provides an integrated platform solution that makes the subscription document process turnkey for investors with replicable and verifiable identity information built in for future use. In addition to subscription documents, Passthrough also offers a comprehensive AML & KYC compliance product which collects information from investors so fund managers can remain compliant. To learn more about Passthrough, please visit https://www.passthrough.com.

Fonte: Business Wire