Sterling Daines

Information

Position

Managing Director, Risk & Compliance

Sterling Daines joined BNY in September 2022. Sterling was previously the Chief Compliance Officer and a board member of Diem Networks, a stablecoin initiative. He was responsible for designing and overseeing all compliance controls for the Diem ecosystem, and, working with other executives, addressing operational risk, legal, regulatory, and financial issues (including reserve composition and stability). Prior to Diem, Sterling was the global head of Financial Crime Compliance (FCC) for Credit Suisse. Sterling also co-led various reputational risk forums and co-led the bank’s global onboarding digitization efforts and the broader Compliance surveillance program. Sterling also spent over ten years at Goldman Sachs as a Managing Director and the Deputy Head of FCC, an umbrella forensic organization that oversaw classic FCC risks, but also was responsible for all e-communications surveillance (including email, broker-dealer chat rooms, IM, and voice), the antifraud and whistleblower programs, significant portions of market abuse surveillance, employee trading and information barrier surveillances, and other functions. Prior to joining Goldman, Sterling was a partner at Deloitte and helped build out the firm’s AML practice. Sterling was also the head of the US Data Analytics practice. His clients included numerous financial institutions as well as FinCEN and other government agencies. Over the years, Sterling has held various industry leadership roles, including serving as co-head of the Wolfsberg Group and the Financial Crimes Compliance Committee of SIFMA.