Brendan Clegg is an Associate in the Washington, D.C., office of Buckley LLP, working on all aspects of bank regulatory and compliance issues. He represents clients in state, federal, and foreign banking enforcement actions, and provides assistance in establishing, maintaining, and monitoring Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance programs.
Prior to joining Buckley, Mr. Clegg served as an attorney for the Enforcement and Compliance Division of the Office of the Comptroller of the Currency (OCC). In his role there, he evaluated the compliance of financial institutions and individuals with numerous federal statutes and assessed the conduct of institutions and affiliated parties for applicability of enforcement mechanisms under Section 8 of the FDI Act, and conducted investigations into bank affairs and corporate governance matters. He also provided legal advice and guidance on banks’ potential violations of law, compliance with enforcement actions, and completion of matters requiring attention.
Mr. Clegg received his J.D. (summa cum laude, Order of the Coif) from William & Mary Law School in 2012, where he served as the Articles Editor for the William & Mary Law Review. He received his B.A. from Colgate University (magna cum laude) in 2008. Following law school, Mr. Clegg clerked for the Hon. Tucker L. Melancon in the Eastern District of New York.
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
"Nevada spousal credit sharing may conflict with federal law" by Jonice Gray Tucker, Kari K. Hall, and Brendan Clegg (Law360)
In just a few weeks, lenders may face a challenging circumstance in evaluating applications for credit from some Nevada borrowers. Can lenders comply with a new Nevada law that allows applicants with no credit history to use their spouse’s credit history without violating the Equal Credit...Articles
"Closing the loop on prepaid access: Complying with FinCEN's prepaid access rule in a digital environment" by Jonice Gray Tucker and Brendan Clegg (FinTech Law Report)
Prepaid access vehicles have become pervasive in today’s world. Among other things, such devices provide consumers with the ability to load and store funds to be used for future purchases of products and services at various vendors, facilitating efficient and convenient cashfree, and even card-free...Articles
"BSA/AML Compliance and Enforcement" By Daniel P. Stipano, Brendan Clegg, and Benjamin W. Hutten (ABA Bank Compliance)
After nine months in office, it seems unlikely that the administration’s efforts to change the existing financial industry regulatory regime will affect enforcement of the Bank Secrecy Act (BSA) and its implementing regulations. To the contrary—it appears that law enforcement and national security...Articles
Daniel P. Stipano 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
- J.D., William & Mary Law School, 2012 (summa cum laude, Order of the Coif)
- B.A., Colgate University, 2008 (magna cum laude)
- District of Columbia
- Attorney for the Enforcement and Compliance Division, Office of the Comptroller of the Currency
- Law Clerk, Hon. Tucker L. Melancon, U.S. District Court, Eastern District of New York