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Raising the Stakes: New BSA/AML Whistleblower Legislation

Speaker(s): Kathleen Reilly, Kevin M. Toomey
Recorded on: Apr. 8, 2021
PLI Program #: 322019

Kathleen Reilly's practice focuses on commercial litigation, securities enforcement, and white collar criminal matters. She has substantial experience in internal investigations, civil litigation, white collar criminal matters, and enforcement actions brought by the US Securities & Exchange Commission (SEC), the US Department of Justice (DOJ) and State Attorneys General, as well as the Public Company Accounting Oversight Board (PCAOB).

Ms. Reilly also has maintained an active pro bono practice, including successfully representing a coalition of New York City charter schools in defending against challenges to their co-locations by individuals and governmental entities within the district school buildings. Ms. Reilly also represented an individual criminal defendant in connection with his appeal to the New York Appellate Division, First Judicial Department.

Prior to joining Arnold & Porter, Ms. Reilly attended the Villanova University School of Law, from which she graduated magna cum laude and was elected to the Order of the Coif. During law school, she served as an Associate Editor of the Villanova Law Review. Ms. Reilly earned her BA in history and political science from Boston College, graduating cum laude.

Kevin Toomey represents banks and nonbank financial services companies, along with their boards of directors, executives, and senior management, in a wide range of enforcement, regulatory, compliance, and governance matters before the federal and state banking agencies, Department of Justice, CFPB, FinCEN, and OFAC. Mr. Toomey regularly represents clients in investigative proceedings, including navigating internal and
government investigations, and advises clients on issues relating to the Bank Secrecy Act and anti-money laundering requirements, consumer protection, the Dodd-Frank Wall Street Reform and Consumer Protection Act, and state and federal banking laws and regulations.

Mr. Toomey also has significant experience counseling financial institutions on an array of corporate, securities, and transactional matters, including mergers and acquisitions, public and private securities offerings, and corporate reorganizations. While attending law school, Mr. Toomey worked in the Enforcement Section of the FDIC, the Executive Office for US Attorneys at DOJ, and the US Attorney's Office for the District of Columbia.