Braddock Stevenson

Counsel

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Drawing on his extensive government experience, Braddock Stevenson advises financial institutions and fintech companies on anti-money laundering and Bank Secrecy Act (BSA) compliance to help them navigate investigations and enforcement matters (not yet admitted in the District of Columbia*). 

Braddock is a member of O’Melveny’s Coronavirus Task Force, advising clients on their eligibility for and obligations under available federal finance programs. He counsels small to mid-size businesses on SBA lending, Federal Reserve credit facilities, and health and human services grants and state and local governments on federal block grants.

Braddock joined O’Melveny after more than a decade at the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), most recently serving as Deputy Associate Director of FinCEN’s Enforcement Division.

While at FinCEN, Braddock oversaw BSA compliance and enforcement for all US financial institutions including banks, virtual currency exchanges, broker-dealers, money transmitters, casinos, and jewelry dealers. Braddock led multiple investigations into a broad range of financial institutions and served as the lead negotiator in resolving BSA matters. His work included developing the Department of the Treasury’s BSA supervision strategy for all US financial institutions and advising both private sector and government officials on compliance matters. His responsibilities also included investigating and drafting USA PATRIOT ACT section 311 actions and representing FinCEN in intra-agency task forces. Braddock spent four years stationed in the New York High Intensity Financial Crimes Area advising law enforcement on money laundering investigations. Braddock worked extensively on developing BSA policy for traditional and emerging payment systems including SWIFT, ACH, Fedwire, CHIPs, mobile payments, prepaid cards, and virtual currency platforms.

Government Experience

  • Deputy Associate Director, US Department of the Treasury’s Financial Crimes Enforcement Network
  • Director of the Office of Compliance and Enforcement, US Department of the Treasury’s Financial Crimes Enforcement Network
  • Section Chief of Depository Institutions, US Department of the Treasury’s Financial Crimes Enforcement Network
  • Section Chief of Eastern Hemisphere & Office of Special Measures, US Department of the Treasury’s Financial Crimes Enforcement Network
  • Enforcement Officer of Enforcement Division, US Department of the Treasury’s Financial Crimes Enforcement Network
  • Regulatory Policy Specialist in the Office of Regulatory Policy, US Department of the Treasury - Financial Crimes Enforcement Network

Admissions

Bar Admissions

  • New Jersey
  • New York

*Admitted only in New Jersey and New York; supervised by principals of the firm.

Education

  • Case Western Reserve University School of Law, J.D., 2007
  • Pennsylvania State University, B.A., 2004

Professional Activities

Speaking Engagements and Publications

Alerts and Publications

New Strings Attached? SBA Requires PPP Recipients to Re-Prove Need for $2 Million+ Loans

November 4, 2020

The Recorder: BitMEX Indictment Warns of New Department of Justice Approach on AML Program Failures

November 3, 2020

DOJ Stakes a Claim in Cryptocurrency Enforcement with Publication of Broad New Framework

October 26, 2020

Treasury Issues New Guidance on Risks of Ransomware Payments

October 9, 2020

FinCEN Issues New Anti-Money Laundering Red Flags to Stem Increased Threat of COVID Cybercrime

August 3, 2020

Fraud Intelligence: Pandemic Predators – Covid-19 Fraud Schemes

July 30, 2020

Mainstreaming Digital Asset Custody? OCC Greenlights Digital Asset Custody Services for Crypto Assets

July 23, 2020

AML Compliance After the Blockchain Twitter Hack: How “SAR” Down the Rabbit Hole to Go?

July 17, 2020

PPP Loan Forgiveness: The SBA’s Application Form Includes New Guidance and Details

May 20, 2020

Main Street Lending Program Expands Eligibility and Terms

April 30, 2020

US$484 Billion in New Funds for CARES Act Small Business Loans and Health Care Programs

April 24, 2020

SBA’s Paycheck Protection Program and Economic Injury Disaster Loan Program

April 14, 2020

Door Opens to Non-Traditional SBA Lenders’ Participation in SBA’s Paycheck Protection Program

April 9, 2020

Federal Reserve Announces Two Main Street Lending Programs as Part of Stimulus Efforts

April 9, 2020

CARES Act Enforcement Risks

April 7, 2020

CARES Act: Direct Loans to Non-Investment Grade Businesses and Federal Reserve Liquidity Facilities

April 3, 2020

COVID-19: Unemployment Assistance for Gig Workers and Independent Contractors

March 31, 2020

COVID-19: Stimulus to Provide Unprecedented Government Assistance to US Businesses

March 30, 2020

Individual Liability: FinCEN Issues Personal Penalty to Former Chief Compliance Officer

March 16, 2020

Heads Up: AML and Economic Sanctions Moves the Crypto Industry Should Watch for From Regulators in 2020

February 25, 2020

In the News