Carl A. Fornaris is an attorney in firm's Financial Regulatory and Compliance Practice. With 24 years of legal experience, Carl advises banks and their holding companies, investment advisers, securities broker dealers, gaming firms, money services businesses and other financial institutions on all aspects of their business. These include licensing, capital-raising transactions, acquisitions and divestitures, USA PATRIOT Act/BSA/AML compliance and OFAC sanctions programs (including permissible financial activities in Cuba), critical examination reports and enforcement proceedings, Dodd-Frank Act compliance (including Volcker Rule implementation), new products and FATCA. Throughout his career, Carl has counseled clients in their dealings with the Federal Reserve, OCC, FDIC, FinCEN, SEC, FINRA, Florida Office of Financial Regulation, New York Department of Financial Services and other state supervisory authorities.
Carl is also active representing lenders and credit parties in financing transactions, particularly credits to non-U.S. loan parties, asset-based credits, acquisition financing and stand-by letters of credit.
Carl is a past General Counsel of the Florida International Bankers Association and sits on its Board of Directors. Previously, he served as Head of Legal and Compliance for the Latin America region of Barclays Bank PLC, with responsibility for managing legal and compliance matters throughout the region. Carl is an adjunct professor in the Business Law Department of the University of Miami. He began his legal career in Washington, D.C. with an international law firm.
More Legal and Business Bylines From Carl A. Fornaris
- SBA Releases PPP Loan Forgiveness Application and Treasury Releases Limited Commentary - (Posted On Sunday, May 17, 2020)
- COVID-19 Economic Stimulus: Federal Reserve Expands Scope and Eligibility for Its Main Street Lending Program - (Posted On Monday, May 04, 2020)
- FFIEC Updates Its Bank Secrecy Act/Anti-Money Laundering Examination Manual - (Posted On Wednesday, April 22, 2020)
- Federal Reserve Takes Actions to Provide Over $2 Trillion in Liquidity to U.S. Credit Markets, Including the Launch of its Main Street Lending Program - (Posted On Friday, April 10, 2020)
- Treasury Establishes COVID-19 Emergency Payroll Support to Air Carriers and Contractors - (Posted On Wednesday, April 01, 2020)
- COVID-19 Federal Legislative and Regulatory Economic Stabilization Programs – What Your Business Needs to Know - (Posted On Sunday, March 29, 2020)
- Interagency Guidance for Financial Institutions on Coronavirus Disease-Related Loan Modifications - (Posted On Wednesday, March 25, 2020)
- Bank Regulators Issue Joint Statements and Guidance in Response to Coronavirus Pandemic - (Posted On Friday, March 20, 2020)
- New Jersey Considers A Licensing Framework for Digital Asset Business Activities - (Posted On Friday, March 20, 2020)
- FinCEN Ruling Clarifies Currency Transaction Report (CTR) Filing Obligations of Financial Institutions - (Posted On Tuesday, February 25, 2020)
The National Law Review recognizes Greenberg Traurig, LLP as a Go-To Thought Leader for their coverage and analysis of Anti-Money Laundering Legislation. Of special note is the firm's articles on the Anti-Money Laundering Act of 2020, which resulted in significant changes to the Bank Secrecy Act of 1970. Contributing authors include Claudio J. Arruda, Carl A. Fornaris, Kyle R. Freeny, Benjamin G. Greenberg, Marina Olman-Pal and Kevin P. Ray.