VersaBank announced that it has appointed financial crime prevention expert and advocate, Garry W. G. Clement, to the position of Chief Anti-Money Laundering Officer (CAMLO). Mr. Clement is an internationally recognized expert in the areas of money laundering, white-collar crime, organized crime and detection of suspicious activity, including cyber-crime. He brings to VersaBank more than 40 years of policing and financial crime prevention experience, including three decades with the Royal Canadian Mounted Police (RCMP), culminating in his role as National Director, Proceeds of Crime (Superintendent).

In this capacity, Mr. Clement was a Canadian representative at Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog, and was a recognized international trainer focused on money laundering investigations. In 2018 Mr. Clement was named the Global Fraud and White Collar Advisor of the year. Since 2009, Mr. Clement has been President and Chief Executive Officer of Clement Advisory Group.

He currently sits on the board of advisors of MindBridgeAI, provider of the world's leading financial risk discovery platform, helps auditors, accountants, and financial professionals to become more efficient and profitable, and is an advisor to NPC DataGuard, MTFX Group of Companies, and most recently has been providing consulting advice to a new digital bank which will soon be announced in Barbados. Mr. Clement fills the role vacated by Barbara Hale, who is retiring after a 25-year career with VersaBank.