On May 12, 2022, Gov. Ron DeSantis signed bill CS/HB 273 (the Bill), amending Florida’s money services business (MSB) laws (i.e., Chapter 560 of the Florida Statutes) to, among other things, define “virtual currency” and address transactions involving “virtual currency.” The amendments to the Florida MSB laws take effect Jan. 1, 2023.

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Photo of Marina Olman-Pal Marina Olman-Pal

Marina Olman-Pal, Co-Chair of the firm’s Financial, Regulatory & Compliance Practice, advises foreign and U.S. financial institutions on a broad range of regulatory matters including licensing, acquisitions, divestitures, compliance with Bank Secrecy Act (BSA)/anti-money laundering (AML) laws and regulations, and compliance with Office…

Marina Olman-Pal, Co-Chair of the firm’s Financial, Regulatory & Compliance Practice, advises foreign and U.S. financial institutions on a broad range of regulatory matters including licensing, acquisitions, divestitures, compliance with Bank Secrecy Act (BSA)/anti-money laundering (AML) laws and regulations, and compliance with Office of Foreign Assets Control (OFAC) sanctions programs. Marina counsels a wide range of companies in the financial services sector including, domestic and foreign banks, gaming companies, money services businesses including money transmitters, cryptocurrency businesses, Fintech companies and digital payment companies. Throughout her career, Marina has represented clients before U.S. regulators such as the Federal Reserve, OCC, FDIC, FinCEN, OFAC, the Florida Office of Financial Regulation and other state supervisory authorities. Marina also regularly develops anti-money laundering programs for a wide range of financial services businesses and non-financial services businesses including, U.S. and foreign companies active in industries such as real estate, hospitality, automotive and artificial intelligence, among many others.

Photo of Monica Lopez-Rodriguez Monica Lopez-Rodriguez

Monica Lopez-Rodriguez is a corporate attorney with a deep background in banking, business, finance, corporate governance and information technology. Having served at in-house roles with private and wholesale banks as well as the world’s second-largest cruise line operator, Monica represents general domestic, international…

Monica Lopez-Rodriguez is a corporate attorney with a deep background in banking, business, finance, corporate governance and information technology. Having served at in-house roles with private and wholesale banks as well as the world’s second-largest cruise line operator, Monica represents general domestic, international, and non-profit clients on matters concerning general corporate law, corporate governance, mergers and acquisitions, tender offers, exchange offers, and venture capital. She advises clients on the negotiation, execution, and management of bilateral and syndicated loans, including revolving and export credit facilities, as well as intercompany and affiliate loans. She also advises on other special financing projects, including leases, sale-leasebacks, and joint ventures. Additionally, Monica prepares debt-related financial statement disclosures and capital market transaction summaries for SEC filings.