Michael Venn
About Michael Venn
Michael Venn is the Group Head of Risk & Compliance (MLRO) at Modulr, with extensive experience in financial crime, compliance, and law enforcement.
Current Position at Modulr
Michael Venn is the Group Head of Risk & Compliance (MLRO) at Modulr. He has been at the company since 2019, working in Edinburgh. His role involves overseeing risk and compliance measures, ensuring that Modulr meets regulatory obligations effectively.
Previous Role at SANNE
Before joining Modulr, Michael worked as a Senior Compliance Consultant at SANNE in 2019. During his 5-month tenure, he contributed his expertise to both the UK and Jersey offices, focusing on compliance issues within the company.
Experience at HSBC
Michael Venn served as Head of UK AML Investigations at HSBC from 2016 to 2018. In this role, he led anti-money laundering investigations, ensuring compliance with UK regulations. His work involved managing teams and developing strategies to mitigate financial crime risks.
Contributions at RBS
Michael's tenure at RBS spanned multiple roles from 2006 to 2016. He held critical positions such as Head of Global Transaction Monitoring Operations & Systems, Head of AML & Customer Tax Operations, and Financial Crime Analysis. His responsibilities ranged from AML operations to global transaction monitoring, bringing transformative change to the processes.
Early Career at Lothian & Borders Police
Michael began his career at Lothian & Borders Police, where he served as Head of Intelligence Analysis from 2000 to 2006. This role provided him with a strong foundation in law enforcement, skills he later applied to financial compliance and risk management.
Educational Background
Michael Venn attended Robert Gordon University, achieving a BA Honours degree from 1992 to 1996. His formal education set the stage for his diverse career in financial services and law enforcement.
Industry Contributions
Michael has played a key role in the development of information sharing and legislative reform within the financial services industry. He actively supports the creation of industry standards and practices by participating in various industry initiatives.