Beth Davy is Of Counsel in the Financial Services and Financial Services Litigation and Investigations Groups and is co-head of the Economic Sanctions and Financial Crime Group. Her practice focuses on bank regulation and supervision, regulatory enforcement matters and internal investigations.
Ms. Davy is widely recognized as a leading expert in the areas of anti-money laundering (AML) and economic sanctions compliance and enforcement. She has represented numerous financial institutions in high profile global investigations involving multiple U.S. government agencies, as well as public and non-public regulatory enforcement matters. Chambers USA notes that Ms. Davy is “praised for her extensive experience of enforcement actions and internal investigations” and that their sources “call her ‘a fantastic lawyer,’” adding that she is “excellent on execution and strategy.”
Ms. Davy represents various financial institutions in the formation of industry utilities to enhance AML compliance. She has also worked with trade associations and industry representatives on establishment of industry standards and guidelines in the AML and sanctions compliance area and in the evolution of heightened transparency in the international payments system. She is a frequent speaker on issues relating to AML and economic sanctions.
Ms. Davy was a senior officer of the Federal Reserve Bank of New York’s Legal Department and Bank Supervision Group involved in regulatory and enforcement matters. While at the Federal Reserve, Ms. Davy served as Secretary to the Financial Markets Lawyers Group.
Ms. Davy also served as Deputy Superintendent and Counsel of the New York State Banking Department from 1991 to 1994.
Recent Speaking Engagements
- On October 14, 2022, Ms. Davy participated in a panel titled “Digital Assets, Money Laundering, and Illicit Financing” as part of the Harvard Law School National Security Journal Digital Currencies and National Security Symposium.
- On June 9, 2021, Ms. Davy participated in a panel titled “Laundry List: An Analysis of the Anti-Money Laundering Act (AMLA) of 2020” as part of ACAMS 2021 New York Virtual Conference.
- On May 11, 2021, Ms. Davy participated in a panel titled “Legislative and Regulatory Update: The Future of BSA/AML” as part of PLI’s “Anti-Money Laundering 2021: Risks, Due Diligence and Compliance in an Evolving Legal World” program.
- On February 22, 2021, Ms. Davy participated in a sanctions roundtable hosted by the Council on Foreign Relations Corporate Program.
- On May 20, 2020, Ms. Davy participated in a webinar co-hosted with Kharon titled “Maritime & Russia Sanctions Risk,” which covered sanctions risks and OFAC regulatory expectations regarding the maritime industry.