Davis Polk partner Dan Stipano discussed the advantages of cooperating with regulators and taking accountability when addressing issues relating to anti-money laundering with the Globe and Mail. Dan has extensive bank regulatory and enforcement experience – he worked at the Office of the Comptroller of the Currency for more than 30 years, including as Deputy Chief Counsel, Acting Chief Counsel and Senior Deputy Comptroller.

“Law enforcement pays a lot of attention to cooperation,” Dan explained. “If management is cooperative and deemed capable, they’re generally going to fare better.”

TD Bank’s $20-billion question: Was a giant expansion bet on the United States worth it?,” Globe and Mail (May 10, 2024) (subscription required)