Attorney Profile:

Carl A. Fornaris

Carl A. Fornaris: Attorney with Greenberg Traurig, LLP

Biography

Carl A. Fornaris is Co-Chair of the firm's Financial Regulatory and Compliance Practice. With 23 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, including 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 of all types, 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 the Board of Directors of FIBA. 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 of Latin America. He began his legal career in Washington, D.C. with an international law firm. Carl is an adjunct professor in the Business Law Department of the University of Miami.

Articles, Publications, & Lectures

Articles

•Quoted, Deregulation: What Many Bankers Have Been Waiting for , South Florida Business Journal, March 10, 2017
•Featured, The Building Blocks of an Effective AML Compliance Program , Global Gaming Business Magazine, February 26, 2017
•Author, 10 TRENDS: Getting Better All the Time , Global Gaming Business Magazine, November 23, 2016
•Co-Author, U.S. Government Designates an International Payments Processing Network as Specially Designated Nationals, Continuing its Aggressive Use of Targeted Sanctions Against Non-U.S. Financial Firms that Allegedly Facilitate Unlawful Business Activities , GT Alert, October 12, 2016
•Co-Author, FinCEN Proposes New Rule to End North Korea's Access to U.S. Financial System , GT Alert, June 20, 2016
•Quoted, Farewell to the Enforcer, Global Gaming Business magazine, May 19, 2016
•Co-Author, U.S. Sanctions Scuttle Honduran Bank, Raise Compliance Stakes , GT Alert, October 23, 2015
•Quoted, Cuba's Open for Some American Business - So Here Come the Lawyers, Miami Herald, May 25, 2015
•Quoted, Florida Banks Cash in on New Tide of Miami Money, American Banker, May 15, 2015
•Quoted, Szubin Sets Out New Approach, eFinancial News, September 30, 2014
•Quoted, Florida Likely to Experience More M&A in 2014, American Banker, January 2, 2014
•Co-Author, USA PATRIOT Act--Final and Proposed Customer Due Diligence Regulations Applicable to Banks, Broker Dealers, Futures Commission Merchants and Mutual Funds, Electronic Banking Law and Commerce Report, March 2006

Books

•Quoted, The Fundamentals of Hedge Fund Management , by Daniel A. Strachman, p. 48, 2007
•Update Author, Federal Bank Holding Company Law, 11th ed., 1995

Lectures

•Moderator, Keynote Presentation: How to Prevent and Protect Against a Cyber-Attack: Practices Every Financial Institution Should Implement, CELEAS 2016, Miami, FL, October 3, 2016
•Speaker, “El Rol de la Banca PUblica en los EE.UU. y el Sistema Dual de la Banca Estadounidense,” FIBA and Cuban Banking Study Group, Inc. Cuba Workshop:How to Bank with Cuba -- What Are the Possibilities?, Havana, Cuba, July 14, 2016
•Speaker, “La Relacion Financiera de los Estados Unidos y Cuba y su Influencia Continental,” International Money Transfer and Payment Conference, Havana, Cuba, June 27, 2016
•Moderator, Section 311 and Unintended Consequences - the Curious Cases of Banca Privada d'Andorra and FBME Bank, FIBA Anti Money Laundering Compliance Conference, Miami, FL, March 8, 2016
•Speaker, FINCEN/GAFI Risk Management (in Spanish), FIBA Anti Money Laundering Compliance Conference, Miami, FL, March 8, 2016
•Speaker, Real Estate AML in Manhattan and Miami: What Do Bankers, Tax and Wealth Advisors Need to Know About the New FinCEN Real Estate GTOs, FIBA-STEP Seminar, Miami, FL, February 9, 2016
•Moderator, DoJ Guidance on Individual Accountability, FIBA Luncheon Panel, Miami, FL, October 26, 2015
•Moderator, Personal Liability Facing Financial Industry Compliance Professionals, 24th Annual Financial Markets Association Securities Compliance Seminar, Ft. Lauderdale, FL, April 24, 2015
•Speaker, Bank Executive Compensation, 9th Annual NACD Bank Director Workshop, American Association of Bank Directors, Ft. Lauderdale, FL, April 16, 2015
•Speaker, Customer Due Diligence and Beneficial Ownership, 15th Annual FIBA Anti-Money Laundering Compliance Conference, Miami, FL, March 6, 2015
•Moderator, De-Risking, 15th Annual FIBA Anti-Money Laundering Compliance Conference, Miami, FL, March 5, 2015
•Speaker, Virtual Currency/Bitcoin, Associate of Corporate Counsel Annual Meeting, New Orleans, LA, October 2014
•Speaker, Bitcoin: Legal and Regulatory Considerations, 14th Annual FIBA Anti-Money Laundering Compliance Conference, Miami, FL, February 20, 2014
•Moderator, FATCA panel, 13th Annual FIBA AML Compliance Conference, Miami, FL, February 14, 2013
•Speaker, Standard Chartered's Transaction Banking Workshop, Miami, FL, November 20-21, 2013
•Speaker, The Ongoing Offshore Impact of the US Dodd-Frank Act, Caribbean Regional Compliance Conference, St. Maarten, November 7, 2013
•Moderator, U.S. Supervisory Examination Updates, FIBA Risk Management Conference for the Americas, Miami, FL, October 4, 2012
•Speaker, FATCA Conference, Bogota, Colombia, May 24, 2012
•Panelist, FATCA panel, ASOCUPA (Panamanian Compliance Officers' Association), Panama City, Panama, March 26, 2012
•Moderator, FATCA panel, 12th Annual FIBA AML Compliance Conference, Miami, FL, February 23, 2012
•Moderator, FATCA panel, 11th Annual FIBA AML Compliance Conference, Miami, FL, February 24, 2011
•Panelist, FATCA Seminar, FEBRABAN - Federacao Brasileira de Bancos, Sao Paulo, Brazil, November 9, 2011
•Panelist, FATCA Compliance, Citibank Financial Institutions Forum, Miami, FL, June 10, 2011
•Moderator, Correspondent Banking Panel, 10th Annual FIBA AML Compliance Conference, Miami, FL, February 19, 2010
•Moderator, Bank CEO Panel, South Florida Banking Institute, Miami, FL, May 20, 2009
•Panelist, 7th Annual Offshore Alert Financial Due Diligence Conference, Miami Beach, FL, April 27, 2009
•Panelist, 9th Annual FIBA AML Compliance Conference, Miami, FL, February 19, 2009
•Moderator, Examination Issues from the Bank's Perspective, Institute for International Bankers' U.S. Regulatory and Compliance Orientation, New York, NY, July 17, 2008
•Panelist, New Legislative and Regulatory Initiatives, Financial Markets Association's 17th Annual Securities Compliance Seminar, Fort Lauderdale, FL, April 30, 2008
•Moderator, Anti-Money Laundering, FMA's Annual Securities Compliance Seminar, Fort Lauderdale, FL, April 30, 2008
•Panelist, Money Laundering in Brazil, Brazilian-American Chamber of Commerce of Florida, Miami, FL, April 18, 2008
•Panelist, M & A Update, National Association of Corporate Directors Bank Director Workshop, Fort Lauderdale, FL, April 8, 2008
•Moderator, A Regulatory Panel, South Florida Banking Institute, Miami, FL, May 23, 2007
•Panelist, The First Conference of the United States - Latin America Private Sector Dialogue on AML/CFT, Bogota, Colombia, April 2007
•Lecturer, Coping with Regulatory & Compliance Issues, National Association of Corporate Directors Bank Director Workshop, Fort Lauderdale, FL, March 29, 2007
•Lecturer, Financial Institution Business Continuity/Disaster Recovery: Legal And Compliance Primer, Terremark Worldwide, Inc. Conference, Miami, FL, November 2005
•Lecturer, The New U.S. Bank Secrecy Act Anti-Money Laundering Examination Manual: What You Need To Know Now, Offshore Alert Annual Due Diligence Conference, Miami, FL, November 2005
•Lecturer, The Law: Risk and Liability, Offshore Alert's 3rd Annual Financial Due Diligence Conference, Coral Gables, FL, October 2004
•Lecturer, New Threat of Russian Mob's Money Laundering, ACAMS, January 15, 2004
•Lecturer, Offshore Banking 3rd Annual Bear Stearns Central American/Caribbean Conference, Key Biscayne, FL, September 2003
•Lecturer, USA PATRIOT Act Update, International Bank Operations Association, Miami, FL, March 2003

Miscellaneous

•Quoted, Tale of the Texas Ratio: Two Banks that Failed, Daily Business Review, July 2010
•Guest Headnote, FDIC Poised To Sue Former Directors and Officers of Failed Banks, The Banking Law Journal at 97, February 2010
•Quoted, USA PATRIOT Act: SEC Brings First-Ever Enforcement Action Against Broker-Dealer for Noncompliance, Derivatives Financial Products Report, November 2006
•Quoted, Revised BSA Examiners Manual Less Vague, Adds Details on Risk, Insurance, Moneylaundering.com, July 28, 2006
•Quoted, New Rules May Cost Banks Some Business, South Florida Business Journal, January 3, 2006
•Quoted, Feeling the Squeeze: Correspondent Banking, Latin Finance, May 2005
•Quoted, Bankers Are Learning To Live With PATRIOT Act Headaches, Miami Today, March 17, 2005
•Quoted, Foreign Bankers Rediscover South Florida, Miami Daily Business Review, February 15, 2005
•Quoted, Congressional Quarterly, March 2, 2004
•Quoted, Latin American Advisor, January 2004
•Interviewed, All Things Considered, National Public Radio, December 2003
•Quoted, Kiplinger's Personal Finance, September 2003
•Quoted, Treasury Proposes Tougher Money-Laundering Rules, Corporate Legal Times, July 2003
•Quoted, Banks Dig In Along the War's Front Line in a High Stakes Bid To Stop Money Laundering, Bank Technology News, March 2003
•Quoted, Latin America Advisor, November 25, 2002
•Quoted, The Very Long Arm of US Law, Latin Finance, June 2002
•Quoted, How Will New Financial Privacy Laws Impact Your Ancillary Services? Fee Income Growth Strategies, June 2000
•Quoted, Observations on Financial Modernization Law, Community Bank President, March 1, 2000

Areas of Concentration

•Banking and financial services law, regulation and compliance
•Commercial lending, including credit facilities in Latin America
•Anti-money laundering and OFAC compliance
•Cuba Task Force

Awards & Recognition

•Listed, Chambers USA Guide, 2005-2016 (11 consecutive editions)
•Listed, The Best Lawyers in America, Banking and Finance Law; Corporate Law; Financial Services Regulation Law; Securities / Capital Markets Law; Securities Regulation, 2008-2017
• Lawyer of the Year, Securities Regulation, Miami, 2014
•Listed, South Florida Legal Guide, Top Lawyer, 2011-2016
•Listed, Super Lawyers magazine, Florida Super Lawyers, 2007-2015
•Team Member, Corporate/M&A - Law Firm of the Year, Chambers Latin America Awards, 2014
•Team Member, Corporate Board Member magazine and FTI Consulting Inc., one of America's Best Corporate Law Firms, 13th Annual Legal Industry Study, 2013
•Team Member, Corporate & Finance - International Counsel in Latin America (Florida-Based), Chambers Latin America Awards, 2010, 2011, 2013, 2015 and 2016
•Member, team ranked as a top corporate law firm in Miami as selected by corporate directors, in the annual Legal Industry Research Study, Corporate Board Member magazine and FTI Consulting Inc. (10th year), 2002-2009, 2011-2012
•Listed, Chambers Global, 2009-2011
•Listed, Chambers Latin America, Corporate M&A, 2009
•Team Member, Focus on Latin America - Law Firm of the Year (Florida-Based), Chambers Latin America Inaugural Awards for Excellence, 2009
•Listed, Who's Who Legal Florida, 2008
•Listed, Florida Trend magazine, Legal Elite, 2006-2008
•Recipient, Pro Bono Service Award, Dade County Bar Association, 2005

Associated News & Events

Press Releases

03.06.17 Greenberg Traurig to Participate at the FIBA Anti-Money Laundering Compliance Conference

08.16.16 130 Greenberg Traurig Florida Attorneys Listed in Best Lawyers in America 2017

08.16.16 55 Greenberg Traurig Miami Attorneys Listed in Best Lawyers in America 2017

06.28.16 Greenberg Traurig Participates in Inaugural Financial Services and Remittances Conference in Cuba

06.02.16 Greenberg Traurig Represents Investors in the Issuance of $260 Million of Subordinated Notes

06.01.16 32 Greenberg Traurig Miami Attorneys Recognized in 2016 Chambers USA Guide

05.27.16 Greenberg Traurig Attorneys, Practices Included in the 2016 Chambers USA Guide

05.27.16 53 Greenberg Traurig Florida Attorneys Included in 2016 Chambers USA Guide

08.25.15 58 Greenberg Traurig Miami Attorneys Listed in Best Lawyers in America 2016

08.19.15 135 Greenberg Traurig Florida Attorneys Listed in Best Lawyers in America 2016

Published Articles

11.23.16 10 TRENDS: Getting Better All the Time

02.01.10 FDIC Poised to Sue Former Directors and Officers of Failed Banks

10.18.02 Clean Fight

Alerts

03.02.17 High-End, Cash-Only Real Estate Sales in Six Major Metropolitan Areas Remain Subject to Mandatory AML Reporting Requirements

01.06.17 FinCEN Issues Guidance to Casinos Confirming that Suspicious Activity Reports May Be Shared with U.S. Parents and Affiliates

12.15.16 OCC Consideration of Special Purpose Fintech Charters Draws Rapid Reaction from State Banking Regulators

10.12.16 U.S. Government Designates an International Payments Processing Network as Specially Designated Nationals, Continuing its Aggressive Use of Targeted Sanctions Against Non-U.S. Financial Firms that Allegedly Facilitate Unlawful Business Activities

07.29.16 U.S. Treasury Department Expands its 'Real Estate GTOs' to Require Title Insurance Companies and Their Agents To Report the Ultimate Beneficial Owners of Entities Used To Buy Residential Real Estate in All-Cash Purchases in Six Metropolitan Areas

07.11.16 NYS Department of Financial Services Adopts Final Rule Imposing Enhanced BSA/AML Compliance Standards on Financial Institutions

06.20.16 FinCEN Proposes New Rule to End North Korea's Access to U.S. Financial System

05.25.16 FinCEN Finalizes Customer Due Diligence Rule

01.15.16 U.S. Treasury Department Will Require Certain Title Insurance Companies and Their Agents To Report the Identities of the Ultimate Beneficial Owners of Entities Used To Buy Manhattan or Miami Residential Real Estate in All-Cash Purchases

10.23.15 U.S. Sanctions Scuttle Honduran Bank, Raise Compliance Stakes

(Also at Washington, D.C. Office)

Areas of Practice (5)

  • Financial Regulatory and Compliance
  • Financial Institutions
  • Global
  • Corporate & Securities
  • Banking and Finance

Education & Credentials

Contact Information:
305.579.0626  Phone
305.961.5626  Fax
www.gtlaw.com/People/Carl-A-Fornaris
University Attended:
University of Miami, B.S., 1990
Law School Attended:
The Catholic University of America, Columbus School of Law, J.D., 1993
Admission:
1993, Florida; 1995, District of Columbia; U.S. Court of Appeals for the District of Columbia Circuit; U.S. District Court for the District of Columbia
Languages:
Spanish
Birth Information:
October 22, 1968
ISLN:
900175587

Peer Reviews

  • 3.0/5.0 2 reviews
  • Peer Reviewed
  • Legal Knowledge

    3.0/5.0
  • Analytical Capability

    3.0/5.0
  • Judgment

    3.0/5.0
  • Communication

    3.0/5.0
  • Legal Experience

    3.0/5.0
  • 5.0/5.0 by a Managing Partner on 11/21/12 in Banking Regulation

    Excellent attorney Read more

    Excellent attorney

    • Legal Knowledge

      5.0/5.0
    • Analytical Capability

      5.0/5.0
    • Judgment

      5.0/5.0
    • Communication

      5.0/5.0
    • Legal Experience

      5.0/5.0

    Read less

  • 1.0/5.0 by a Managing Partner on 11/21/12 in Banking Law

    • Legal Knowledge

      1.0/5.0
    • Analytical Capability

      1.0/5.0
    • Judgment

      1.0/5.0
    • Communication

      1.0/5.0
    • Legal Experience

      1.0/5.0

    Read less


*Peer Reviews provided before April 15, 2008 are not displayed.

Client Reviews

Disclaimer

Documents ({{amountArticles}})

Documents by this lawyer on Martindale.com
Other documents: ,

Locations

Contact Carl A. Fornaris

Please correct the fields highlighted in red.

By clicking on the "Submit" button, you agree to the Terms of Use, Supplemental Terms and Privacy Policy. You also consent to be contacted at the phone number you provided, including by autodials, text messages and/or pre-recorded calls, from Martindale and its affiliates and from or on behalf of attorneys you request or contact through this site. Consent is not a condition of purchase.


You should not send any sensitive or confidential information through this site. Emails sent through this site do not create an attorney-client relationship and may not be treated as privileged or confidential. The lawyer or law firm you are contacting is not required to, and may choose not to, accept you as a client. The Internet is not necessarily secure and emails sent though this site could be intercepted or read by third parties.