Who We Are
NACS, Inc., is a consulting and training firm based in New Orleans, Louisiana and specializing in issues related to Anti-Money Laundering (AML), the Bank Secrecy Act (BSA), the USA PATRIOT Act, International Money Laundering, and Income Tax Investigations. NACS offers services to individuals, the legal profession, bank and non-bank financial institutions (precious metals dealers, auto dealers etc.) and other businesses and government agencies.
NACS has access to an array of highly experienced, retired federal agents providing a wide range of services, including electronic monitoring and surveillance. We have provided training and consulting services for many companies in numerous industries, financial professionals, law-enforcement and government agencies. We have developed and written hundreds of AML Plans (policies & procedures manuals) in addition to conducting AML independent (testing) audits/reviews of AML Programs around the United States.
Raymond (Ray) Gregson, Jr., retired from the IRS, Criminal Investigation (CI) as a Senior Special Agent and Money Laundering Expert on December 31, 2004, after more than 28 years of law-enforcement service.
From October 2000 until his retirement, Ray was also the Public Information Officer, dealing with the press on all levels regarding criminal cases and other IRS-CI issues in the New Orleans Field Office.
Ray conducted criminal income-tax investigations virtually throughout his career, but from about 1982 until his retirement, his criminal cases and other assignments focused almost exclusively on narcotics and money-laundering investigations. Ray was responsible for virtually all money-laundering training and was consulted on virtually every money-laundering case in the New Orleans Field Office (Louisiana and Mississippi and for part of Ray’s career, Alabama was also part of the New Orleans Field Office) and by many special agents throughout the United States on complex money-laundering cases. Ray was considered the point of expertise and conducted money-laundering (AML/BSA) training for New Orleans Field Office special agents, for local, state and federal law enforcement, including the U.S. Attorney’s offices in Louisiana, Mississippi, and Alabama and for most of the financial institutions throughout the field-office area. Since 1982, Ray has conducted more than about 850 AML/BSA training classes for financial institutions, casinos, automobile dealerships, precious-metals dealers and other businesses and organizations, including marijuana labs, throughout the United States. Ray was also an instructor at money laundering classes and conferences on more than 70 occasions since 1982, including three international money-laundering classes (in St. Petersburg, Russia; and Tallinn, Estonia). Also, since 1996 Ray has been qualified as a money laundering and cash reporting expert in Federal Court on at least four occasions and was requested and scheduled to testify on many more times, before the investigative targets in those cases pled guilty before the beginning of or during the criminal trial.
Since his retirement in December 2004, Ray has been consulting with and training numerous industries, including some of the same industries he worked with while a special agent with IRS-CI. Although the vast majority of his consulting and training is with the precious-metals industry, he continues to conduct training and AML/BSA reviews/audits for other industries, including MSBs (money service businesses). He also continues to be consulted as an expert by current and retired special agents of IRS-CI. Some of these retired IRS-CI employees now work as contract employees for other federal law-enforcement agencies, including the FBI and the U.S. Attorney’s Office.
Phil Hull retired from the IRS, Criminal Investigation (CI) as a Supervisory Special Agent in January 2014, after 27 years of federal law enforcement service.
During his IRS-CI career, he successfully completed over 200 criminal financial investigations, including numerous tax related cases and other financial fraud cases. Many of these cases included a money laundering component. His money laundering experience involved domestic and international money laundering activity, with criminally derived proceeds from numerous unlawful activities.
In addition, Phil has extensive experience with the requirements of the Bank Secrecy Act (BSA), which included being the lead case agent for the Federal grand jury investigation of AmSouth Bank in 2004. The AmSouth Bank case involved BSA reporting requirements, including failure to file Suspicious Activity Reports (SARs) in a timely, complete and accurate manner. The AmSouth case resulted in the bank agreeing to fines and penalties in the amount of $50 million. At that time, it was one of the largest assessments in U.S. history.
In addition, Phil was instrumental in the start-up of several financial crime task forces, including a task force to primarily handle the mortgage fraud epidemic and more recently spearheaded an identity theft task force. Phil Hull received numerous awards during his career, which included the nationwide award selection as IRS, Criminal Investigation “Special Agent of the Year”.
Phil also has extensive experience with respect to investigating many types of criminal income tax and money laundering investigations and was successful in the prosecution of virtually every case he investigated.