Jesse Weissman

Lawyers & Professionals

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Offices

New York

919 Third Avenue
New York, NY 10022
United States of America
- +1 212.756.2000 Phone
- +1 212.593.5955 Fax

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Washington, DC

555 13th Street, NW, Suite 6W
Washington, DC 20004
United States of America
- +1 202.729.7470 Phone
- +1 202.730.4520 Fax

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London

One Eagle Place
London SW1Y 6AF
United Kingdom
- +44 (0) 20 7081 8000 Phone
- +44 (0) 20 7081 8010 Fax

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Jesse Weissman practices in the Bank Regulatory Group at the firm.

Publications

“FinCEN Issues Proposed Access Rule and Proposed Forms to Further Implement the CTA,” SRZ Alert, Feb. 7, 2023

“FinCEN Identifies Bitzlato as a 'Primary Money Laundering Concern' in First-Time Use of Section 9714(a) and DOJ Charges Its Founder with Owning an Unlicensed Money Transmitting Business,” SRZ Alert, Feb. 3, 2023

“NYDFS Releases Guidance for BitLicensees and Limited Purpose Trust Companies on Asset Custody in the Wake of Cryptocurrency Insolvencies,” SRZ Alert, Jan. 31, 2023

“NYDFS Announces $100 Million Settlement with Coinbase for AntiMoney Laundering Compliance Deficiencies,” SRZ Alert, Jan. 23, 2023

“Substantial Penalty Against Major Bank Highlights Aggressive CFPB Enforcement,” SRZ Alert, Dec. 21, 2022

“CFPB Proposes Rule to Establish Public Registry of Nonbanks with Consumer Financial Law Enforcement Orders,” SRZ Alert, Dec.19, 2022

“NYDFS Continues Effort to Amend Cybersecurity Regulation (“Part 500”) and Publishes Revised Proposed Amendments,” SRZ Alert, Nov. 23, 2022

Highlights (10)

Alerts

FinCEN Issues Proposed Access Rule and Proposed Forms to Further Implement the CTA

February 7, 2023

In December 2022, the Financial Crimes Enforcement Network, a bureau of the United States Department of the Treasury (“FinCEN” and “Treasury,” respectively), issued a notice of proposed rulemaking (“Proposed Access Rule”)[1] continuing the process of...

Alerts

FinCEN Identifies Bitzlato as a “Primary Money Laundering Concern” in First-Time Use of Section 9714(a) and DOJ Charges Its Founder with Owning an Unlicensed Money Transmitting Business

February 3, 2023

On Jan. 18, 2023, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued an order[1] (“Order”) identifying Bitzlato Limited (“Bitzlato”), a Hong Kong-based virtual currency exchange with global operations, as a...

Alerts

NYDFS Releases Guidance for BitLicensees and Limited Purpose Trust Companies on Asset Custody in the Wake of Cryptocurrency Insolvencies

January 31, 2023

On Jan. 23, 2023, the New York State Department of Financial Services (“NYDFS”) issued guidance to entities licensed under 23 NYCRR Part 200 (“BitLicensees”) and entities chartered as New York limited purpose trust companies (together with...

Alerts

NYDFS Announces $100 Million Settlement with Coinbase for Anti-Money Laundering Compliance Deficiencies

January 23, 2023

The New York Department of Financial Services (“NYDFS”) announced on January 4 that it had reached a $100 million settlement with Coinbase, Inc. (“Coinbase”), a NYDFS-licensed money transmitter and “Bitlicensee,” to resolve deficiencies in Coinbase’s...

Alerts

Substantial Penalty Against Major Bank Highlights Aggressive CFPB Enforcement

December 21, 2022

The Consumer Financial Protection Bureau (“Bureau”) reached a consensual resolution with Wells Fargo, N.A. (the “Bank”), which calls for restitution to consumers totaling $2 billion, in addition to a $1.7 billion civil penalty — the largest penalty...

Alerts

CFPB Proposes Rule to Establish Public Registry of Nonbanks with Consumer Financial Law Enforcement Orders

December 19, 2022

On Dec. 12, 2022, the Consumer Financial Protection Bureau (“Bureau”) issued a proposed rule (“Proposed Rule”) which would require nonbank covered persons (subject to certain exceptions) that offer consumer financial products or services to report to...

Alerts

NYDFS Continues Effort to Amend Cybersecurity Regulation (“Part 500”) and Publishes Revised Proposed Amendments

November 23, 2022

On Nov. 9, 2022, the New York Department of Financial Services (“NYDFS”) published a proposed amendment (“Proposed Amendment”)[1] to its 2017 cybersecurity regulation (“Part 500”), which requires certain NYDFS-regulated financial services companies...

Alerts

Federal Reserve Board Issues Letter Regarding Crypto-Asset-Related Activities

August 23, 2022

On Aug. 16, 2022, the Board of Governors of the Federal Reserve System (“FRB”) issued a letter (“Letter”)[1] regarding FRB-supervised banking organizations (“Covered Entities”) engaging in crypto-asset-related activities (“C-A-R activities”).[2]...

Alerts

Federal Reserve Board Approves Guidelines for Evaluating Reserve Bank Account Requests

August 17, 2022

On Aug. 15, 2022, the Board of Governors of the Federal Reserve System (“FRB”) unanimously voted to approve guidelines (“Guidelines”) for Federal Reserve Banks (“Reserve Banks”) to use in evaluating requests by institutions — including those with...

Alerts

NYDFS Publishes Pre-Proposed Amendment to Cybersecurity Regulations (“Part 500”)

August 15, 2022

On July 29, 2022, the New York State Department of Financial Services (“NYDFS”) published pre-proposal amendments (“Proposed Amendments”)[1] to its cybersecurity regulations (“Part 500”).[2] While NYDFS will be accepting comments on the Proposed...

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Jesse Weissman

Publications

Highlights (10)

FinCEN Issues Proposed Access Rule and Proposed Forms to Further Implement the CTA

FinCEN Identifies Bitzlato as a “Primary Money Laundering Concern” in First-Time Use of Section 9714(a) and DOJ Charges Its Founder with Owning an Unlicensed Money Transmitting Business

NYDFS Releases Guidance for BitLicensees and Limited Purpose Trust Companies on Asset Custody in the Wake of Cryptocurrency Insolvencies

NYDFS Announces $100 Million Settlement with Coinbase for Anti-Money Laundering Compliance Deficiencies

Substantial Penalty Against Major Bank Highlights Aggressive CFPB Enforcement

CFPB Proposes Rule to Establish Public Registry of Nonbanks with Consumer Financial Law Enforcement Orders

NYDFS Continues Effort to Amend Cybersecurity Regulation (“Part 500”) and Publishes Revised Proposed Amendments

Federal Reserve Board Issues Letter Regarding Crypto-Asset-Related Activities

Federal Reserve Board Approves Guidelines for Evaluating Reserve Bank Account Requests

NYDFS Publishes Pre-Proposed Amendment to Cybersecurity Regulations (“Part 500”)