Laurel L. Rimon

Senior Counsel

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Laurel Loomis Rimon is a former federal prosecutor and experienced litigator who represents clients on a broad range of anti-money laundering and Fintech enforcement issues, as well as sensitive internal investigations and criminal and civil litigation.

Before coming to O’Melveny, Laurel served for more than 15 years as an Assistant United States Attorney and DOJ Trial Attorney, with a particular focus on litigating complex criminal and civil money laundering and other financial crimes involving some of the largest domestic and international corporations and financial institutions. As the head of Litigation for DOJ’s Asset Forfeiture and Money Laundering Section, she successfully coordinated numerous investigations of international financial institutions related to money laundering and sanctions violations, resulting in Deferred Prosecution Agreements coordinated with the Manhattan District Attorney’s Office and the Office of Foreign Assets Control. Laurel also served as Chief of the Special Prosecutions Unit at the US Attorney’s Office for the Eastern District of California, where she played a leading role in important mortgage fraud initiatives, including conducting jury trials.

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Corporate & Government Experience

  • General Counsel, Office of the Inspector General, US Department of Homeland Security
  • Assistant Deputy Enforcement Director, Office of Enforcement, US Consumer Financial Protection Bureau
  • Chief, Special Prosecutions Unit, US Attorney’s Office for the Eastern District of California
  • Deputy Chief, Financial Investigations and Litigation Unit, Asset Forfeiture and Money Laundering Section, US Department of Justice
  • Assistant US Attorney, Fraud and Public Corruption Section, US Attorney’s Office for the District of Columbia
  • Trial Attorney, US Department of Justice Civil Division

Honors & Awards

  • Assistant Attorney General’s Award for The Safeguarding and Maintenance of Confidence in the American Marketplace
  • Assistant Attorney General’s Award for Outstanding Advocacy in Protecting Citizens from Online Crime

Admissions

Bar Admissions

  • District of Columbia
  • California

Education

  • Southwestern Law School, J.D. 
  • University of California at Berkeley, B.A.

Professional Activities

Clerkships

  • Honorable Kenneth Harkins, US Court of Federal Claims

Author

Speaker

  • “Legal Perspectives on Fintech, BSA/AML,” International Bankers Association of California’s Special Update on Regulatory Hot Topics, FinTech Solutions and OFAC Compliance (December 11, 2019)
  • “Women Lawyers in Blockchain,” Celo (September 19, 2019)
  • “Staying compliant in this complex and changing regulatory environment,” ACI’s Women Leaders in Financial Law and Compliance Conference (September 18, 2019)
  • “Fintech: Friend or foe? Collaboration and Regulation in Emerging Tech,” at the FIBA AML Compliance Conference in Miami (March 13, 2019)
  • “Sports Betting: Rewards and Risks, Compliance Panel,” O’Melveny/EY Panel (January 31, 2019)
  • “Virtual Currency Panel,” Mid-Atlantic Anti-Money Laundering Conference (July 2018)
  • Fintech/BSA/Sanctions, International Bankers Ass’n of California (December 4, 2018)
  • “The Latest Updates on Financial Crime and Risk Issues Facing the Gaming Industry,” International Association of Gaming Advisors Webinar (October 17, 2018)
  • “Safe Bets: How the Supreme Court’s Sports Gambling Decision Affects AML Nationwide,” 2018 ACAMS AML and Financial Crimes Conference (October 3, 2018)
  • Cyber and Fintech Developments in BSA/AML/OFAC, 2018 Mid-Atlantic Anti-Money Laundering Conference (July 24, 2018)
  • “Exploring the New Frontier of Cryptocurrency & Blockchain,” Investor Rights Committee of the DC Bar Corporation, Finance and Securities Law Community (June 6, 2018)
  • “Whistleblowers vs. Leakers,” Federal Bar Association: Current Issues in Government Investigations Conference (April 2018)

Press Releases

Alerts and Publications

DOJ Eases Requirements in Corporate Enforcement Policy Update

November 26, 2019

DOJ Lifts the Curtain on Evaluating Claims of “Inability to Pay”

October 16, 2019

Token Alliance Releases 2019 Edition of Best Practices Guide For Digital Tokens – AML Guidelines: O’Melveny Lawyers Serve As Expert Contributors

September 12, 2019

FinCEN SPEAKS CRYPTO: Extensive New Guidance for ICOs, Digital Wallets, DApps, Trading Platforms, Decentralized Exchanges, and others in the Blockchain and Crypto Space

May 16, 2019

DOJ Issues Expanded Guidance for Prosecutors in Evaluating Corporate Compliance Programs

May 6, 2019

FinCEN Lays Down a New Marker in Cryptocurrency Anti-Money Laundering Enforcement

April 26, 2019

Federal Sports Betting Proposals: The Sports Wagering Market Integrity Act of 2018

February 13, 2019

O’Melveny’s Fintech Group: Quick Facts

January 26, 2019

Expanded CFPB Sandbox Promises Greater Protections for Fintech and Other Financial Services Companies

January 4, 2019

DOJ Eases Requirements for Cooperation Credit in Corporate Prosecutions

December 6, 2018

Federal Regulators Issue Joint Statement Encouraging Banks to Use Innovative Technologies to Combat Money Laundering and Terrorist Financing

December 5, 2018

Money Laundering Compliance Risks in Legalized Sports Gambling

October 23, 2018

Fintech: Anti-Money Laundering Compliance 101

October 8, 2018

Video: Fintech Regulation and Enforcement - What You Need to Know

October 5, 2018

Legalized Sports Gambling: Anti-Money Laundering Compliance

September 26, 2018

How Important is the Government’s New Regulatory Sandbox for Crypto?

August 6, 2018

The Impact of the Emerging AML Landscape in the EU on Cryptocurrency

April 4, 2018

Op-Ed for Bitcoin Magazine: A Quick-Start Token Sale Compliance Guide

March 30, 2018

Do All ICO Issuers Have to Register as Money Service Businesses with FinCEN?

March 16, 2018

Events

In the News

Corporate Counsel: As Cyberattacks on Business Grow, General Counsel Are ‘Thirsty’ for More Details

June 14, 2019

Law360: Cryptocurrency in for More Anti-Money Laundering Scrutiny

June 6, 2019

Casino.org: Federal Prosecutors May Find it Difficult to Use Wire Act to Shut Down Online Gambling: Experts Weigh In

January 17, 2019

Bloomberg Law: 2019 Outlook: CFPB Innovation Policies May Face State Challenges

December 28, 2018

Compliance Week: Bitcoin ‘Addresses’ Added to Sanctions Screening

November 29, 2018

Gambling Compliance: U.S. Sports-Betting Expansion an AML Compliance Challenge

October 4, 2018

Bitcoin Magazine: A “Good Start”: U.S. Introduces Office of Innovation and Sandbox for Fintech

August 2, 2018

Rimon Discusses New FinCEN Due Diligence Rule in Various Media Outlets

May 13, 2018

The Deal Covers Rimon’s Arrival at O’Melveny

January 18, 2018