Shauna Pierson

piersons@ballardspahr.com | 215.864.8243 | view full bio

Shauna advises financial institution clients on BSA/AML regulatory compliance. She also maintains an active emerging growth practice, which includes counseling start-up companies in the cannabis, hemp and CBD sectors. During law school, Shauna served an internship with the Youth Sentencing and Reentry Project, where she assisted juvenile offenders previously sentenced to life incarceration with reentry planning as they prepared to return to their communities. Shauna was seconded to a major international bank where she advises the Board of Directors on corporate governance issues.

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Bipartisan group of Senators re-introduce Digital Asset Money Laundering Act

By Peter D. Hardy, Shauna Pierson & Andrew N. D'Aversa on August 14, 2023

Posted in BSA/AML, Regulatory and Enforcement

On July 28^th, Senators Elizabeth Warren (D-Mass), Roger Marshall (R-Kan.), Joe Manchin (D-W.Va.) and Lindsey Graham (R-S.C.), reintroduced the Digital Asset Anti-Money Laundering Act (the “Act”), legislation aimed at closing gaps in the existing anti-money laundering and countering of the financing of terrorism (AML/CFT) framework as it applies to digital assets. … Continue Reading

Department of Treasury Issues Strategy on De-Risking

By Shauna Pierson & Peter D. Hardy on May 23, 2023

Posted in AMLA of 2020, BSA/AML, Correspondent Bank Accounts, De-Risking, Money Services Business, Not-For-Profits, Risk Assessment

Report Offers Weak Insight on Causation but Lists Steps that Treasury Can and Should Take

The Department of Treasury (“DOT”) recently released its first ever strategy report (the “Strategy”) on the topic of de-risking, taking the form of a 54-page document that combines a summary of the problem of de-risking with an overview of recommended steps to solve it.… Continue Reading