Kris Andreassen concentrates her practice in financial services matters, including issues pertaining to the Bank Secrecy Act, other anti-money laundering (AML) laws and regulations, Office of Foreign Assets Control regulations, and state regulation of money services businesses (MSBs). She has considerable experience in assisting financial institutions, including banks, credit unions, broker dealers and MSBs, in implementing and reviewing AML compliance programs and conducting risk assessments. She has assisted numerous MSBs, including many players in the prepaid card/stored value space in evaluating state money transmitter licensing and requirements and exemptions, obtaining licenses and ensuring ongoing compliance with state laws.
Kris is a co-author of the Network Branded Prepaid Card Association’s bi-weekly Government Update, and a contributing editor to Paybefore Legal. As such, she regularly monitors and reports on pending federal and state legislation and regulations in the areas of money transmitter licensing, consumer protection and abandoned property laws.
Publications
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“Developments in the Regulation of Prepaid Payment Products Under State Money Transmitter Licensing Laws,” The Business Lawyer (Nov. 2009) (co-authored with Judith Rinearson)
Professional Affiliations
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American Bar Association
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Maryland Bar Association