Washington, D.C., January 27, 2009—One of the nation’s top bank regulatory attorneys has joined Patton Boggs, strengthening the firm’s ability to guide clients affected by the economic crisis, the rapidly shifting payments mechanisms and ongoing anti-money laundering concerns.
Carol R. Van Cleef’s expertise spans a wide array of services, concentrating on federal and state regulatory and compliance matters, including electronic payments, federal deposit insurance, money service business, and other bank regulatory issues. Ms. Van Cleef has in-depth experience advising clients on compliance with the USA Patriot Act, the Bank Secrecy Act (BSA), Office of Foreign Assets Control regulations, Bank Holding Company Act, money transmitter laws, privacy and data security laws and internet gambling regulations.
“Carol is a highly-regarded and accomplished attorney whose experience and expertise will serve the firm and our clients well,” said Stuart M. Pape, managing partner of Patton Boggs. “Given the current economic climate, Carol’s work in the financial services industry is a tremendous asset to Patton Boggs and we are proud to have someone of her caliber join the firm.”
Ms. Van Cleef’s clients include banking organizations, credit unions, securities firms, insurance companies, finance companies and money service businesses, whom she counsels on applicable regulatory and compliance matters. She is recognized as a leading attorney in compliance with anti-money laundering compliance as well as the payments, including stored value and prepaid cards and payments processing. .
“I’m excited to be joining Patton Boggs at such a critical time for the financial services industry. I look forward to working in a dynamic environment and providing clients with access to the extraordinary resources in our legislative and regulatory practices as well as the wide range of expertise in our business and litigation practice,” Van Cleef said.
A certified anti-money laundering specialist, Ms. Van Cleef created the Boot Camp for BSA/AML Professionals, a series of highly-acclaimed anti-money laundering compliance training programs sponsored by the Conference of State Bank Supervisors. She is a newly appointed member of the editorial board of Money Laundering Alert and MoneyLaundering.com and serves on the editorial task force of ACAMS Today. A frequent speaker on bank regulatory, AML and payment issues, Ms. Van Cleef is an active member of the NACHA’s Council for Electronic Billing and Payment.
Ms. Van Cleef is a past president of Women in Housing and Finance. She also has served as the vice-chair of the Legislative Process and Lobbying Committee of the American Bar Association’s administrative law and regulatory practice section and as a member of the executive committee of the Federal Bar Association’s banking law committee. Ms. Van Cleef received her B.S.F.S. from Georgetown University and J.D. from American University Washington College of Law.