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Banking Law

BANKING 

Banking and finance law address the organization, ownership, and operation of banks and depository institutions, mortgage banks, other providers of financial services regulated or licensed by state or federal banking regulators, and holding companies (“bank and other financial organizations”). PLG counsels US and foreign banks, trust companies, broker and dealers, investment advisory companies, and other financial institutions. PLG also counsels operating subsidiaries, affiliates, and holding companies, on domestic and international activities. It also covers representation of bank and other financial organizations in lending transactions to borrowers and compliance with AML/BSA/OFAC and consumer and other laws involving all aspects of financial services provided.

PLG's comprehensive banking and finance law practice includes advice and representation not only with respect to lending and regulatory compliance, but also with respect to fiduciary activities, securitizations, payment systems, electronic banking, cyber security, data security, and risk management. PLG also covers mergers, corporate organizational and ownership issues involving holding companies, banks, and other regulated entities.

On an ongoing basis, PLG assist their clients with responses to regulatory examinations, representation during examinations, and, the resolution of enforcement actions. Some of PLG's areas of service include:

  • Advising boards of directors, executive management, and officers in the exercise of their powers and duties to their institutions, creditors, shareholders, and regulatory bodies
  • Corporate governance assessment
  • Policies and Procedures
  • Training
  • Enforcement action(s) negotiation, response, and resolution
  • AML / BSA / OFAC / KYC-EDD
  • State & Federal Banking License(s)
  • Money Transmitter Part II & Part III License(s)

PLG offers solid knowledge and experience with Bank Secrecy Act (BSA), AML / US Patriot Act, and OFAC compliance. Martin Prego, PLG's lead banking attorney, frequently lectures on AML/BSA/OFAC at anti-money laundering conferences and seminars and has published several articles. Due to the robust experience in banking & regulatory compliance, PLG is well-suited to provide representation in matters relating to federal and state anti-money laundering, OFAC, and know-your-customer statutes and regulations, as well as in the development and implementation of effective AML/OFAC programs and cost-effective resolution of compliance violations.

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Prego Law Group PLLC is committed to answering your questions about your legal issues in Florida

I offer a free consultation in English or Spanish and I’ll gladly discuss your case with you at your convenience. Contact me today to schedule an appointment. Due to COVID-19, virtual meeting is available.

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