Dan Stipano brings more than three decades of bank regulatory and enforcement experience to his position as a Partner in Buckley Sandler LLP’s Washington, DC office. In his practice he advises on all aspects of bank regulatory and compliance issues, represents clients in state, federal, and foreign banking enforcement actions, and provides assistance in establishing, maintaining, and monitoring Bank Secrecy Act and Anti-Money Laundering (BSA/AML) compliance programs.
Prior to joining the firm, Mr. Stipano was at the Office of the Comptroller of the Currency (OCC), where he served as Deputy Chief Counsel for 16 years after joining the agency as a staff attorney 30 years ago. In his role as Deputy Chief Counsel, including serving two stints as Acting Chief Counsel, he was extensively involved in every major OCC enforcement action over the last 20 years until the time of his departure. In addition, he played a key role in every major BSA/AML post-USA PATRIOT Act rulemaking and policy issuance.
Over the course of his career at the OCC, Mr. Stipano oversaw three Supreme Court cases that resulted in victories for the agency and the banking industry, supervised more than a dozen successful appeals of lower court decisions, and was instrumental in bringing the first fair lending action taken against a bank by a federal banking agency, as well as the first Unfair or Deceptive Acts or Practices (UDAP) action taken against a bank. Mr. Stipano has testified before Congress six times on enforcement and BSA/AML matters, and prepared dozens of OCC witnesses to do the same.
A recognized leader in his field, Mr. Stipano has spoken at more than 100 conferences and industry events, and over the course of his career has established strong working relationships with his former colleagues in law enforcement and in other regulatory agencies. He received his J.D. from the College of William & Mary and his B.A. from Union College.
U.S. banks and other institutions are under intense scrutiny from law enforcement agencies as well as federal and state prudential regulators for their Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance programs. Recent enforcement orders from the Office of the Comptroller of the Currency...Webcast
As we move into 2017, now is a good time reflect on the important developments in Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and sanctions compliance in 2016, and how they will impact the year ahead. Our first webcast of the year will focus on those developments, including the Financial...Webcast
Daniel P. Stipano Quoted in an ACAMS Article, “Banks Adopt Varying Strategies Ahead of Beneficial Ownership Rule: Sources”
Daniel P. Stipano was quoted on September 1, 2017 in an ACAMS article, “Banks Adopt Varying Strategies Ahead of Beneficial Ownership Rule: Sources,” which discussed the different approaches financial institutions are taking to comply with the pending beneficial ownership rule. The article stated, “...In The News
Daniel P. Stipano Interviewed by the Association of Certified Financial Crime Specialists in “2017 Conference Speaker Spotlight”
Daniel P. Stipano was interviewed on August 24, 2017 by the Association of Certified Financial Crime Specialists in a “2017 Conference Speaker Spotlight” where he discussed a wide range of regulatory and compliance issues. ACFCS: What is new in terms of regulatory priorities, focal points or gaps...In The News
Daniel P. Stipano Quoted in Risk.net Article, “Covered Funds Seen as Starting Point for Volcker Rule Reform”
Daniel P. Stipano was quoted on August 22, 2017 in a Risk.net article, “Covered Funds Seen as Starting Point for Volcker Rule Reform,” which discussed reform of the Volcker rule’s covered fund definition. Currently, the rule refers to a covered fund as anything that is not considered an investment...In The News
Benjamin K. Olson and Daniel P. Stipano Quoted in Bloomberg BNA Article, “Banking Regulators Engage in Unusually Public Spat”
Benjamin K. Olson and Daniel P. Stipano were quoted on July 17, 2017 in a Bloomberg BNA article, “Banking Regulators Engage in Unusually Public Spat,” which discussed the disagreement between Consumer Financial Protection Bureau Director Richard Cordray and acting Office of the Comptroller of the...In The News
Daniel P. Stipano Quoted in American Banker Article, “Why OCC Fintech Charter May Have Life Under New Leader”
Daniel P. Stipano was quoted on July 7, 2017 in an American Banker article, “Why OCC Fintech Charter May Have Life Under New Leader,” which discussed the continued support of the fintech charter after the Office of the Comptroller of the Currency’s leadership change, even with the the amount of...In The News
Daniel P. Stipano was quoted on June 23, 2017 in an American Banker article, “Acting OCC Chief is No Benchwarmer,” which discussed Keith Noreika, current Office of the Comptroller of the Currency agency head, and his immediate request for policy changes. The article stated, “There’s a well-worn...In The News
Andrew L. Sandler and Daniel P. Stipano Discussed the Future of Regulations and BSA/AML Issues During a Podcast From the American Bankers Association’s 2017 Regulatory Compliance Conference
This podcast features interviews with Andrew L. Sandler and Daniel P. Stipano, broadcast live from the floor of the American Bankers Association’s 2017 Regulatory Compliance Conference. Sandler discussed current and future regulation of the financial services industry, and Stipano discussed key BSA...In The News
Daniel P. Stipano Quoted in Law360 Article, “Former OneWest CEO Otting To Bring Banker’s View To OCC"
Daniel P. Stipano was quoted on June 5, 2017 in a Law360 article, “Former OneWest CEO Otting To Bring Banker’s View To OCC, ” which discussed the nomination of Joseph Ottings, former OneWest Bank CEO, as the head the Office of the Comptroller of the Currency. The article noted some potential...In The News
Daniel P. Stipano Receives Leadership Award From Association of Certified Anti-Money Laundering Specialists
The Association of Certified Anti-Money Laundering Specialists (ACAMS) awarded Buckley Sandler partner Daniel P. Stipano the 2017 AML/CTF Leadership in Government award at the ACAMS moneylaundering.com 22nd Annual International AML & Financial Crime Conference on April 4, 2017, in Hollywood, FL...Press Releases
Former Director of Enforcement and Compliance for the Office of the Comptroller of the Currency Joins Buckley Sandler
WASHINGTON, DC (March 13, 2017) – Buckley Sandler LLP announced today that Ellen M. Warwick , former Director for Enforcement and Compliance for the Office of the Comptroller of the Currency (OCC), has joined the firm as a Senior Counsel. Resident in the firm’s Washington, DC office, Warwick will...Press Releases
Daniel P. Stipano presented, "An AML Career Still Moving Forward" during an ACAMS Today Podcast on March 3, 2017.In The News
Daniel P. Stipano Quoted in ACAMS Article, “New York Finalizes Cybersecurity Rule for Banks, with Certification Requirement”
Daniel P. Stipano was quoted on February 16, 2017 in an ACAMS article by Daniel Bethencourt, “New York Finalizes Cybersecurity Rule for Banks, with Certification Requirement.” The article states that New York financial institutions will be required to evaluate their cybersecurity plans in order to...In The News
Daniel P. Stipano Quoted in ACAMS Article, “FinCEN Must ‘Reclaim’ Examination Authority, Overhaul AML Rules: Industry Panel”
Daniel P. Stipano was quoted on February 16, 2017 in an ACAMS article by Valentina Pasquali, “FinCEN Must ‘Reclaim’ Examination Authority, Overhaul AML Rules: Industry Panel.” The article notes that FinCEN “should ’reclaim’ sole authority for examining multinational banks that present national...In The News
Daniel P. Stipano, Ellen M. Warwick, and Benjamin W. Hutten Authored The Review of Banking & Financial Services Article, "FinCEN's Customer Due Diligence and Beneficial Ownership Rule"
On May 11, 2016, the U.S. Department of Treasury’s Financial Crimes Enforcement Network (“FinCEN”) published a long-awaited final rule, Customer Due Diligence Requirements for Financial Institutions (the “Final Rule”). The Final Rule, which impacts anti-money laundering (“AML”)-related obligations...Articles
Daniel P. Stipano and Ellen M. Warwick Authored a Currents Article, "Banks Can Provide Services to MSBs While Meeting BSA Requirements"
In recent years, "de-risking" – the categorical termination of customer accounts – has resulted in the loss of access to the banking system for scores of businesses. But none have been harder hit than money services businesses (MSBs). Check cashers, payday lenders, money transmitters, and other...Articles
Daniel P. Stipano, Ellen M. Warwick, and Brendan Clegg Authored Banking Exchange Article, "Don’t Get Burned by Coming CDD Rule"
FinCEN’s issuance of the final customer due diligence (CDD) rule in May 2016 significantly altered the Bank Secrecy Act / Anti-Money Laundering (BSA/AML) compliance landscape.1 Insured depository institutions, among other covered financial entities, must comply with the rule by May 11, 2018. The...Articles
The Bank Secrecy Act regulatory regime depends heavily on the sharing of information—from financial institutions to the government, from the government to institutions, and from institutions to each other. Robust information sharing better positions institutions to conduct customer due diligence;...Articles
As the Bank Secrecy Act approaches its 50th anniversary, legitimate questions have arisen about the efficacy of anti-money-laundering requirements and the burden of compliance. The pace of technological advances in the financial services industry, coupled with the negative consequences of...Articles
- J.D., College of William & Mary
- B.A., Union College
- District of Columbia
- U.S. Supreme Court
- Deputy Chief Counsel, Office of the Comptroller of the Currency; two stints as Acting Chief Counsel