Kris Andreassen concentrates her practice in financial services matters, including issues pertaining to the Bank Secrecy Act (BSA), other anti-money laundering (AML) laws and regulations, Office of Foreign Assets Control (OFAC) 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 BSA/AML and OFAC 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 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.
Bar and Court Admissions
District of Columbia, 2005
Maryland, 2004
Education
Duke University, J.D., cum laude, 2004
Carnegie Mellon University, B.S., with honors, Phi Beta Kappa, 2000
Publications
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"Long-running Rebate Card Class Action Against AT&T Settled," Paybefore News (April 2011)
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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
- American Bar Association
- Maryland Bar Association
- Former Co-Vice Chair to the Payments Fraud Task Force for the American Bar Association’s Subcommittee on Cyberspace Law