Our Practice

Compliance

In recent years, compliance has become a major risk source for financial institutions. Noncompliance with the Bank Secrecy Act, consumer laws such as RESPA and state and federal securities laws, among others, creates a substantial challenge for the financial institution and its board and management.

We have been active in assisting banks in developing controls and systems and other preventative or corrective measures designed to minimize violations of the Bank Secrecy Act and other laws, and have defended a number of financial institutions cited by the federal banking agencies (and FINCEN, a bureau of the U.S. Department of Treasury, in the case of the Bank Secrecy Act) as being in violation of such laws.