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Mark Shaffer advises U.S. and foreign financial institutions, broker-dealers, cryptocurrency businesses, fintech companies, and digital payment companies on a broad range of regulatory and compliance matters relating to SEC regulations, FRB and other banking regulations, FINRA rules, and Bank Secrecy Act (BSA)/anti-money laundering (AML) laws and regulations. He frequently helps clients understand how such laws and regulations map onto new technologies and innovative products.

Mark assists financial institutions, their employees, and associated persons to respond to regulatory examinations and inquiries and provides effective representation in a range of enforcement proceedings. Mark has handled enforcement matters involving issues relating to currency and equities market manipulation, collusion, insider trading, money laundering, OFAC sanctions, false statements, and accounting fraud. Throughout his career, Mark has represented clients before the U.S. Department of Justice and regulators such as the SEC, CFTC, Federal Reserve, FinCEN, OFAC, and the New York State Department of Financial Services.

Mark has assisted multiple banking entities in resolving MRAs and MRIAs, and in developing and implementing compliance programs and regulatory remediation plans. Mark also assists companies in staying current on material changes to applicable laws, rules and regulations, and helps to develop or amend their policies, procedures, controls, compliance manuals and related training.

Prior to joining the firm, Mark practiced at two large law firms in Washington, D.C. and served as an in-house counsel and compliance officer at a variety of global financial institutions. Mark clerked for Judge Richard L. Nygaard of the United States Court of Appeals for the Third Circuit.

Concentrations

  • Digital assets
  • Corporate governance
  • Compliance monitoring
  • S. broker dealer and banking regulations
  • Dodd Frank Title VII
  • Volcker regulations

Capabilities

Experience

  • BNY Mellon, 2021-2022
    • Chief Compliance Officer, BNY Trust Company of Canada and BNY Mellon, Toronto Branch, 2022
    • Director, Asset Servicing, Digital and Issuer Services (Corporate Trust and Depositary Receipts) Compliance, 2021-2022
  • Axiom Attorney/Team Lead, Wells Fargo, 2021
  • Risk and Compliance Consultant, Scotiabank, New York, 2020-2021
  • Director, Global Head of Compliance Policies and Communications; Head of Regulatory Compliance, Americas, Deutsche Bank, 2016-2019
  • Director/Counsel, Head of U.S. Regulatory Advisory, Investigations and Litigation; U.S. Data Protection Officer, UniCredit Bank AG, 2011-2016
  • Axiom Attorney, (advising AllianceBernstein and Bank of New York Mellon), 2008-2011
  • Vice President and Legal Counsel, Morgan Stanley, 2006-2008

Recognition & Leadership

  • Board Member, Cathedral Parkway Apartments Corp.

Credentials

Education
  • J.D., Highest Honors, The George Washington University Law School
    • Editor, The George Washington Law Review
  • M.A., History, James Madison University
  • B.A., cum laude, James Madison University
Clerkships
  • Hon. Richard L. Nygaard, U.S. Court of Appeals for the Third Circuit, 2001-2002
Admissions
  • New York
  • U.S. District Court for the Southern District of New York