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Former FBI Financial Crimes Section Chief, Dennis M. Lormel, Joins IPSA International
Washington - D.C., August 4, 2008 – IPSA International, Inc. (IPSA), an international risk advisory firm, is pleased to announce that Dennis Lormel has joined as a Managing Director for IPSA’s Anti-money Laundering (AML) practice. In this role, Mr. Lormel will be focusing on AML, Combating the Financing of Terrorism (CFT), fraud and financial crime issues affecting IPSA’s clients globally.
Mr. Lormel comes to IPSA following 31 years of government services, 28 years as a Special Agent in the FBI. Dennis served as Section Chief for Financial Crimes where he was responsible for managing the FBI’s White Collar Crime Program. During his accomplished career, Dennis amassed extensive major case experience, particularly in complex, document and labor intensive financial investigative matters.
Following the attacks of September 11, 2001, Mr. Lormel developed, implemented and directed the FBI’s comprehensive terrorist financing initiatives, which evolved into a formalized entity within the Counterterrorism Division of the FBI known as The Terrorist Financing Operations Section. This group has attained international recognition as one of the world’s elite operations for tracking, investigating and disrupting terrorist-related financial activity.
He is the recipient of numerous commendations and awards to include the Department of Justice, Criminal Division’s Award for Investigative Initiative and the Central Intelligence Agency’s George H. W. Bush Award for Excellence in Counterterrorism. Mr. Lormel is an accomplished instructor and conference speaker, with extensive domestic and international experience. He has testified before numerous congressional committees and also prepared written testimony for senior FBI executives.
“I have known Dennis for a number of years and consider him a dear and trusted friend. I am thrilled to finally have him on the IPSA team,” commented Dan Wachtler, IPSA’s President & CEO. “Dennis has dedicated his entire career to combating financial crimes and terrorism. His talent, integrity and passion will serve IPSA and our clients well as we continue to grow our international capabilities.”
Mr. Lormel noted, “Joining IPSA and working with a team of industry experts with whom I have enjoyed a long relationship of mutual respect is a true honor. IPSA’s commitment to business excellence, service to its clients and sense of public responsibility are attributes that attracted me to the team. I look forward with pride to embarking on the next phase of my career as a member of the IPSA family.”
About IPSA International, Inc.
IPSA International, Inc. is an international risk advisory firm which provides clients in the corporate, financial and legal communities with high-end investigative consulting services. IPSA's preferred practice areas are: Anti-Money Laundering, Intellectual Property,
Asset Location, Fraud Investigations and Due Diligence services.
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