Laurel Loomis Rimon


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Drawing on her almost 25 year career in government service, which included high-level positions at the Department of Justice, Consumer Finance Protection Bureau, and Department of Homeland Security, Laurel Loomis Rimon advises financial institutions, fintech companies, and government entities on compliance issues, enforcement actions, and internal and government investigations.

Before joining O’Melveny, Laurel served for more than 15 years as an Assistant United States Attorney and DOJ Trial Attorney, including tenure as head of Litigation for DOJ’s Asset Forfeiture and Money Laundering Section, where she litigated complex criminal and civil money laundering and other financial crimes.

As a federal prosecutor, Laurel successfully led the earliest federal prosecution involving virtual currency, the money laundering and money transmitting prosecution of the “e-gold” enterprise, providing her with an early appreciation of the intersection of financial services regulation and digital assets.


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

  • Named a Band 3 FinTech Legal - Leading Individual by Chambers USA (2022)
  • Recommended by The Legal 500 US in the category of Corporate Investigations and White-Collar Criminal Defense (2021)
  • Recognized as a “DC Trailblazer” by the National Law Journal (2020)
  • 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


Bar Admissions

  • District of Columbia
  • California


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

Professional Activities


  • Honorable Kenneth Harkins, US Court of Federal Claims



  • “Cryptocurrency: Valuation Issues and Market Volatility,” American Bankruptcy Institute Webinar (September 2021)
  • “Anticipating Enforcement Priorities in the Biden Administration,” O’Melveny Webinar (January 2021)
  • “FinCEN’s Crackdown on Self-Hosted Wallets,” O’Melveny Webinar (December 2020)
  • “Evaluating Your Risk Exposure for Digital Currencies and FinTechs,” ABA Financial Crimes Conference (December 8-10, 2020)
  • “Legal, Regulatory and Compliance Forum on FinTech & Emerging Payment Systems” American Conference Institute (July 29, 2020)
  • “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)


Select Investigations Experience

  • Representing a multinational bank in connection with an investigation by the CFPB regarding allegations of violations of the Consumer Financial Protection Act related to the auto pay functionality for bank-issued credit cards.
  • Representing a federal educational loan servicing company in connection with an investigation by the CFPB into potential violations of the Consumer Financial Protection Act related to its debt collection practices.
  • Conducted an investigation for a global emerging technology company into inquiries from the Department of Justice related to allegedly fraudulent marketing practices.
  • Conducted an investigation of alleged ethical violations by DC Councilmember Jack Evans, the Ward 2 representative and the District’s longest-serving lawmaker.

Select Fintech Experience

  • Representing one of the largest digital currency exchanges in enforcement actions brought by the US Department of Treasury’s Office of Foreign Assets Control and Financial Crimes Enforcement Network alleging that the exchange’s anti-money laundering compliance program was insufficient.
  • Advising a major financial institution’s cryptocurrency subsidiary on financial regulatory matters, including advising on travel rule compliance and developing an AML and OFAC compliance program.
  • Advising several payments startups on financial regulatory matters, including determining which of their operations may be subject to federal and state financial regulations and developing early stage AML compliance programs customized to their needs.
  • Advised a global e-commerce company in the development of a new anti-money laundering compliance program in connection with its shift to handling its own payments operations.

Other Select Experience

  • Serves as counsel to a government entity in defending against claims of retaliation filed by alleged whistleblowers and subsequent enforcement actions brought by the Nuclear Regulatory Commission.

Press Releases


Alerts and Publications

It’s a Sign: Key Takeaways from FinCEN’s Ransomware Report

十月 20, 2021 | Fintech

New OFAC Compliance Guidance for the Virtual Currency Industry Provides Insights into OFAC’s Compliance Expectations that are Useful for Both the Virtual Currency Industry and the Broader Corporate Community

十月 19, 2021

Stepping Out from the Shadows: FinCEN Sets First National AML Priorities

七月 2, 2021

CFPB’s New Guidance Takes Aim at Recent Increase in Digital Payments Fraud and Unauthorized Transactions

六月 14, 2021

Biden Administration’s National Security Memorandum Ramps Up Anti-Corruption and Anti-Money Laundering Efforts

六月 10, 2021

Non-Fungible Tokens (NFTs): When Collecting Meets Crypto, Legal Challenges Abound

三月 25, 2021

A Clean Sweep: Congress Overhauls Key Provisions of the Nation’s Money Laundering Laws

一月 7, 2021

New COVID-19 Relief Package Revives and Expands Paycheck Protection Program

十二月 30, 2020

New FTC Enforcement Action Reminds Fintechs of Consumer Protection Pitfalls

十二月 15, 2020

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

十一月 4, 2020

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

十一月 3, 2020

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

十月 26, 2020

Treasury Issues New Guidance on Risks of Ransomware Payments

十月 9, 2020

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

八月 3, 2020

Fraud Intelligence: Pandemic Predators – Covid-19 Fraud Schemes

七月 30, 2020

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

七月 23, 2020

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

七月 17, 2020

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

五月 20, 2020

DOJ Reviewing PPP Loan Applications for Criminal Fraud, Finding “Red Flags”

五月 4, 2020

Main Street Lending Program Expands Eligibility and Terms

四月 30, 2020

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

四月 24, 2020

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

四月 14, 2020

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

四月 9, 2020

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

四月 9, 2020

California Department of Business Oversight Sues One of the Nation’s Largest Student Loan Servicers

四月 7, 2020

CARES Act Enforcement Risks

四月 7, 2020

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

四月 3, 2020

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

三月 31, 2020

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

三月 30, 2020

SBA Affiliation Rules: Funding for Venture-Backed Companies under the CARES Act

三月 29, 2020

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

三月 16, 2020

CFPB Proposes New Whistleblower Award Program

三月 13, 2020

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

二月 25, 2020

In the News

Miami Herald: Money Laundering More Prevalent in Real Estate than Anywhere Else

十月 11, 2021

PYMNTS: Neobanks, Small FIs Face Heavy Lift Building Compliant AML Systems From Scratch

七月 9, 2021

The American Lawyer: As NFTs Spur a Digital Gold Rush, Law Firms Are Getting in on the Action

七月 1, 2021

Law360 Pulse: Law Firms Test The Waters By Issuing Their Own NFTs

五月 10, 2021

The Columbia Law School’s Blue Sky Blog: O’Melveny & Myers Discusses the Legal Challenges of NFTs

四月 14, 2021

Law360: O’Melveny Adds Former CFPB Lawyer To Fintech Practice

四月 13, 2021

LA Times: Tin Nguyen’s prison sentence was commuted, but he landed in ICE detention. Here’s his path to freedom

十二月 22, 2020

Law360: Fintech Group of the Year - O’Melveny

十二月 14, 2020

Daily Journal: Refugee Gains Freedom with O’Melveny’s Help

十月 1, 2020

Law360: Law360 Names Attys Who Moved Up The Firm Ranks In Q1

四月 28, 2020

Voice of America: US$2.2T Coronavirus Relief Package Poses Fraud Threat, Experts Warn

三月 31, 2020