Plenitude appoints Shahmeem Purdasy as Senior Executive & General Counsel

By Robin Amlot

RegTech consultancy Plenitude, which specialises in Financial Crime Risk and Compliance, has appointed Shahmeem Purdasy as Senior Executive and General Counsel. In his new role, Shahmeem will provide strategic advice and transformation expertise to help Plenitude’s clients meet the challenges posed by the evolving Financial Crime Compliance (FCC) landscape.

Plenitude works with several financial institutions including retail, commercial and investment banks, insurance companies and investment management firms across the UK and Europe, providing deep subject matter expertise, advisory and transformation services on some of the largest and most complex FCC initiatives in the industry. Plenitude is also firmly focused on augmenting its professional services offering with cloud-based subscription products that provide enhanced insight into the vast array of FCC laws, regulations, guidance and risk indicators.

With more than 20 years’ experience, Shahmeem has been a trusted advisor in HM Treasury and the Home Office, advising the UK Government on the Financial Action Task Force (FATF), the EU and the UK financial crime regimes. He was an architect of key money laundering, terrorist financing and country sanctions regulations, including the UK’s Money Laundering Regulations 2017. He is actively involved in industry and Government workstreams that will deliver the UK’s Economic Crime Plan 2019-2022.

Plenitude doubled its team size in 2020 and is expanding its European footprint to meet the growing demand for its services and formally launching RegSight, its cloud-based FCC obligations register.

Shahmeem Purdasy said: “Effective Financial Crime Compliance is a key industry and UK Government priority. We have a real opportunity to strengthen our collective effort to address both the regulatory and social imperatives in combatting money laundering, terrorist financing, sanctions evasion, bribery, corruption, fraud, tax evasion and market abuse.”

Purdasy added: “I look forward to helping Plenitude to expand and nurture our client relationships across the financial services sector. By offering strategic advice and providing technical detail across the financial crime lifecycle, we will continue to help a wide-range of financial services clients to safely translate the complex regulatory framework into effective operational practices.”