Overview
Braddock Stevenson is Of Counsel in the Fintech & Payments and Investigations & White Collar Defense practices at Paul Hastings and is based in the firm’s Washington, D.C. office.
After more than a decade at the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), most recently serving as Deputy Associate Director of FinCEN’s Enforcement Division, Braddock advises financial institutions and FinTech companies on anti-money laundering and Bank Secrecy Act (BSA) compliance to help them navigate investigations and enforcement matters.
While at FinCEN, Braddock oversaw BSA compliance and enforcement for all US financial institutions including banks, virtual currency exchanges, broker-dealers, money transmitters, casinos, and jewelry dealers. He led multiple investigations into a broad range of financial institutions and served as the lead negotiator in resolving BSA matters on behalf of the government.
His work included developing the Department of the Treasury’s BSA supervision strategy for all US financial institutions and advising both private sector and government officials on compliance matters. His responsibilities also included investigating international financial institutions under the USA PATRIOT ACT section 311 and representing FinCEN in intra-agency task forces. He spent four years stationed in the New York High Intensity Financial Crimes Area advising law enforcement on money laundering investigations. He worked extensively on developing BSA policy for traditional and emerging payment systems including SWIFT, ACH, Fedwire, CHIPs, mobile payments, prepaid cards, and virtual currency platforms.
Education
- Case Western Reserve University School of Law, J.D., 2007
- Pennsylvania State University, B.A., 2004
Engagement & Publications
- “Disappearing Acts: Trends in AML, BSA, and Consumer Fraud”, Paul Hastings Consumer Financial Services Webinar Series , March 6, 2024
- “Information Sharing: Best Practices and Future Developments,” ACAMS San Diego Baja Chapter November Virtual Event (November 2020)
- “BitMEX Indictment Warns of New Department of Justice Approach on AML Program Failures,” The Recorder (November 2020)
- “Exploration of Advantages and Disadvantages of Geographic Targeting Orders,” CWRU Law Financial Integrity Institute (August 18, 2020)
- “Pandemic predators – Covid-19 fraud schemes,” Fraud Intelligence (July 2020)
- “Developments Regarding BSA/AML and OFAC Compliance,” Institute of International Bankers (October 2019)
- “Risk-Based and Effective: Developing Trends in BSA Monitoring,” Institute of Internal Auditors Financial Services Exchange (September 2019)
- “BSA/AML Enforcement Update,” FFIEC Advanced BSA/AML Examiner School (July 2019)
- Texas Bankers Association Annual AML/BSA Compliance Meeting (June 2018)
- “BSA/AML Hot Topics,” Montana Bankers Association Annual AML/BSA Compliance Meeting (June 2018)
- “How to Develop an Effective Compliance Program to Address Evolving Federal Regulation,” American Bar Association Business Law Section Fall Meeting (November 2016)
- “Supervisory Developments Regarding BSA/AML and OFAC Compliance,” Institute of International Bankers (October 2016)
- “You Sent Funds Where? How to Help Remittance Transfer and Mobile Payment Clients Fess Up When They Mess Up BSA and OFAC Compliance,” American Bar Association Business Law Section Spring Meeting (April 2013)