Overview

Gender

female

BakerHostetler Partner Carol Van Cleef leads a multidisciplinary team representing numerous clients in digital currency launches, ICOs and token-generating events, operating cryptocurrency exchanges and implementing blockchain technology strategies in new and existing businesses. She provides legal and strategic advice to depository institutions, money services businesses, other financial services companies, FinTech firms and blockchain-related companies on federal and state regulatory, compliance, enforcement and business matters. She advises a range of clients, from startup businesses to publicly traded companies, private equity funds and other entities in understanding the Bank Secrecy Act, Patriot Act, sanctions regulations, and state money transmitter licensing statutes; creating, evaluating and enhancing anti-money laundering and OFAC compliance programs; and addressing consumer protection issues including privacy and data security and unfair, abusive and deceptive practices. Carol is a recognized leader in providing pragmatic and forward-thinking advice in the regulatory aspects of financial technology, including emerging and alternative payments systems, prepaid access, mobile payments, virtual currencies and blockchain/distributed ledger technologies. A Certified Anti-Money Laundering Specialist (CAMS), Carol created a series of AML compliance training programs sponsored by the Conference of State Bank Supervisors and attended by regulators from 45 states and representatives of domestic and foreign banks, securities firms, money services businesses and other entities. She also developed and leads an AML Compliance Bootcamp for Virtual Currency and Blockchain Technology Companies. She participated in the Uniform Law Commission's efforts to draft the Regulation of Virtual Currency Businesses Act for virtual currencies.