Employee Spotlight – Parmis Farahmand

Parmis Farahmand, a Certified Anti-Money Laundering Specialist (CAMS), joined our firm in 2024 as a Senior Consultant in the Internal Audit department. She brings a wealth of experience in financial services, specializing in Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) Compliance.

Her career includes significant roles at several notable institutions. At Cathay Bank in Los Angeles, she served as Vice President and Compliance Internal Audit Manager, overseeing and managing compliance-related audits and providing strong recommendations to strengthen internal controls and ensure regulatory compliance. Before that, at Mazars USA, LLP, she worked as a Senior Risk Consultant/Acting Manager, conducting internal audits to ensure AML/BSA compliance and offering insightful recommendations to improve clients’ business operations.

As an anti-money laundering specialist, she also held key positions at the Royal Bank of Canada in Toronto, serving as Manager of Anti-Money Laundering Compliance and Analyst for High Risk Client Management. In these roles, she managed AML policies and procedures, conducted risk assessments and investigations, and ensured compliance with FINTRAC regulations. Her earlier experience includes working at HSBC in Toronto as an AML Post Validation Analyst, supporting investigations into AML compliance, and at Scotiabank as a Financial Advisor and Mutual Fund Representative, where she provided financial solutions and ensured regulatory compliance.

Parmis holds a Master of Science in International Business from Birkbeck, University of London and a Bachelor of Arts in Business and Society from York University. She is an active member of the Association of Certified Anti-Money Laundering Specialists.

Known for her organizational skills and motivation, she is described by her colleagues as patient and detail-oriented. She attributes her success to patience and determination and emphasizes the importance of developing strong relationships with colleagues to create a healthy and productive work environment. Her favorite book is The Power of the Subconscious Mind, and she speaks three languages: English, Swedish, and Farsi.

Living in Los Angeles, she enjoys the city’s beautiful weather and outdoor activities. In her free time, she practices pilates, yoga, hiking, and playing golf and tennis, and she is a huge fan of the Toronto Raptors basketball team. Born in Gothenburg, Sweden, she spent her childhood there before moving to Toronto, Canada. She also lived in London, UK, while completing her master’s degree and has been residing in Los Angeles for the past three years.

Parmis is a dedicated professional whose diverse background and extensive experience enhance our firm’s capabilities and commitment to excellence in internal audits and compliance. Reach out to her for questions on FinCEN’s Corporate Transparency Act “Beneficial Ownership Information” compliance requirements or for your annual BSA exam!

Contact: pfarahmand@hauserjonesandsas.com