Speaking History

Speaker at Money20/20 2016
Speaker at Money20/20 2015
Speaker at Money20/20 2014
Speaker at Money20/20 2013
Speaker at Money20/20 2012

Session Information

Carol Van Cleef

Partner
Manatt, Phelps & Phillips
Speaking History

Speaker at Money20/20 2016
Speaker at Money20/20 2015
Speaker at Money20/20 2014
Speaker at Money20/20 2013
Speaker at Money20/20 2012

Session Information

Carol Van Cleef is co-chair of the Global Payments practice group and a member of the Financial Services and Banking practice. She represents financial services companies and other clients in federal and state regulatory, compliance, and enforcement matters, including anti-money laundering, electronic payments, federal deposit insurance, and other bank regulatory issues. She counsels banking organizations, credit unions, securities firms, insurance companies, finance companies, money service businesses and hedge funds, among others.

Ms. Van Cleef has significant experience working with all types of MSBs (including domestic and foreign money remitters, bill payment systems, check cashers, currency dealers/exchangers), third-party payment processors, stored value (prepaid card) programs, and other alternative payment systems regarding state money transmitter licensing and regulatory requirements, federal MSB registration, BSA/AML compliance, privacy and information security programs. She has represented publicly traded companies and private equity funds in purchasing and selling bill payment companies, money transmitters and other types of money services businesses. Ms. Van Cleef also has worked closely with the management and shareholders of money services businesses seeking new funding sources and confronting bankruptcy. She is the author of the legal/regulatory section of the National Automated Clearing House Association’s popular 2007 Guidelines for Billers and Walk-in Payment Providers. A Certified Anti-Money Laundering Specialist, Ms. Van Cleef is a frequent speaker on AML compliance-related issues and a member of the Editorial Task Force ofACAMS Today. She has created a series of highly acclaimed AML compliance training programs sponsored by the Conference of State Bank Supervisors, including the Boot Camp for BSA/AML Compliance Professionals, the Mini-Boot Camp for Developing Prepaid Card AML Compliance Programs, and an intermediate course, Officer Training for BSA/AML Professionals. These programs have been attended by regulators from more than 45 states and representatives of domestic and foreign banks, securities firms, MSBs and other companies.

Ms. Van Cleef regularly advises clients on compliance with the USA Patriot Act, the Bank Secrecy Act, and Office of Foreign Assets Control regulations. She assists clients in developing, reviewing, and enhancing BSA, AML, and OFAC compliance programs. She also works with clients in analyzing implementation of their automated BSA/AML compliance solutions, addressing enforcement actions and preparing for regulatory examinations and independent compliance reviews.

A veteran of the savings and loan crisis, Ms. Van Cleef has represented more than 50 banking organizations on a number of federal deposit insurance assessments and coverage issues. She has worked with numerous banks and savings institutions on various types of transactions involving failing and failed depository institutions, asset acquisitions, and contracting to provide services to receivers or conservators. She also served as special regulatory counsel for the holding company of a failed bank in federal bankruptcy proceedings.

In addition to CSBS, Ms. Van Cleef works closely with the Money Transmitter Regulators Association and the National Association of State Credit Union Supervisors. She is an active member of NACHA’s Council for Electronic Billing and Payment. Ms. Van Cleef 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 a member of the Executive Committee of the Federal Bar Association’s Banking Law Committee. She is a past president of Women in Housing and Finance.

Prior to practicing law, Ms. Van Cleef was a consultant with the bank consulting firm Golembe Associates, Inc.

Education

American University Washington College of Law, J.D., 1984.

Georgetown University, B.S.F.S., 1978.