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Daniel P. Stipano
Dan is very insightful in terms of the various processes, particularly in Washington, DC. He has great experience from various agencies and gives you good insight into the regulatory expectations. Chambers USA

Biography

Dan Stipano brings more than three decades of bank regulatory and enforcement experience to his position as a Partner in Buckley LLP’s Washington, D.C., office. In his practice he advises on all aspects of bank regulatory and compliance issues, represents clients in state, federal, and foreign banking enforcement actions, and provides assistance in establishing, maintaining, and monitoring Bank Secrecy Act and Anti-Money Laundering (BSA/AML) compliance programs.

Prior to joining the firm, Mr. Stipano was at the Office of the Comptroller of the Currency (OCC), where he served as Deputy Chief Counsel for 16 years and Director of the Enforcement & Compliance Division after joining the agency as a staff attorney 30 years ago. In his role as Deputy Chief Counsel, including serving two stints as Acting Chief Counsel, he was extensively involved in every major OCC enforcement action over the last 20 years until the time of his departure. In addition, he played a key role in every major BSA/AML post-USA PATRIOT Act rulemaking and policy issuance.

His recent work includes:

  • Representing a federal savings bank regarding OCC 15-day letters based on compliance deficiencies
     
  • Representing a former state member bank employee in a Federal Reserve Board enforcement proceeding that resulted in a consent cease and desist order, and a national bank employee and a former national bank employee regarding OCC 15-day letters that resulted in letters of reprimand
     
  • Drafting BSA/AML policies and procedures for a federal branch of a foreign bank, a broker-dealer, and a blockchain-based consumer lender
     
  • Representing a state nonmember bank in an OFAC investigation resulting in issuance of a cautionary letter
     
  • Advising a state nonmember bank on its response to a 15-day letter in a Federal Deposit Insurance Corporation (FDIC) civil money penalty (CMP) proceeding that resulted in no CMP assessment
     
  • Advising a state member bank concerning its policies, procedures, and controls with respect to a customer’s business activities in Cuba

Over the course of his career at the OCC, Mr. Stipano oversaw three Supreme Court cases that resulted in victories for the agency and the banking industry, supervised more than a dozen successful appeals of lower court decisions, and was instrumental in bringing the first fair lending action taken against a bank by a federal banking agency, as well as the first UDAP action taken against a bank. Mr. Stipano has testified before Congress six times on enforcement and BSA/AML matters, and prepared dozens of OCC witnesses to do the same.

A recognized leader in his field, Mr. Stipano has spoken at more than 100 conferences and industry events, and over the course of his career has established strong working relationships with his former colleagues in law enforcement and in other regulatory agencies. He received his J.D. from the College of William & Mary and his B.A. from Union College.

Dan is very insightful in terms of the various processes, particularly in Washington, DC. He has great experience from various agencies and gives you good insight into the regulatory expectations. Chambers USA

Webcasts & Speaking Engagements

In The News

Publications

Awards and Recognitions

Awards & Recognitions

  • Chambers USA 2020: Band 3, Financial Services Regulation: Banking (Enforcement & Investigations)
  • Best Lawyers 2019-2021: Banking and Finance Law, Litigation - Banking and Finance, Financial Services Regulation Law 

Education

  • J.D., College of William & Mary
  • B.A., Union College

Admissions

  • District of Columbia
  • Virginia
  • U.S. Supreme Court

Government Service

    • Deputy Chief Counsel, Office of the Comptroller of the Currency; two stints as Acting Chief Counsel

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