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David Stier

Partner
Washington, DC
About

David Stier is a litigator, trial attorney and strategic advisor with significant experience in the financial services industry, including fintech, cryptocurrency and digital assets, anti-money laundering and financial fraud investigations, and white collar matters.

With nearly twenty years of experience in both government and private practice, David has a proven track record of successfully leading teams through complex investigations, litigations and prosecutions, including navigating historic challenges in the aftermath of the 2008-2009 global financial crisis, and through the global COVID-19 pandemic.

As a skilled strategic advisor with experience providing counsel on Bank Secrecy Act (BSA), Anti-money Laundering (AML), anti-corruption, anti-fraud, and securities laws and regulatory issues, David also assists clients in the design, implementation and improvement of thoughtful, risk-based compliance controls designed to avoid, or mitigate the impact of, costly litigation and investigations.

Prior to joining DLA Piper, David served in various government positions, including with the US Department of Justice's (DOJ) Money Laundering and Asset Recovery Section's (MLARS) Bank Integrity Unit and the DOJ Criminal Fraud Section's Market Integrity and Major Frauds Unit (formerly the Securities and Financial Fraud Unit), the US Department of the Treasury's Office of the Special Inspector General for the Trouble Asset Relief Program (SIGTARP) and the Treasury's Office of Financial Stability focusing on the financial crisis era TARP programs.

Areas of FocusLitigation, Arbitration and InvestigationsFinancial ServicesTechnology
Bar admissionsNew YorkDistrict of Columbia
CourtsUnited States District Court for the Southern District of New YorkUnited States District Court for the Eastern District of New York

EXPERIENCE

  • Advise entities in the financial services, Web 3.0 and other industries on Bank Secrecy Act (BSA), Anti-money Laundering and Countering the Financing of Terrorism (AML/CFT), sanctions and anti-fraud compliance controls.
  • Lead complex investigations involving the DOJ, Treasury's Office of Foreign Asset Control (OFAC) and the Securities and Exchange Commission (SEC)
Education
  • J.D., University of Pennsylvania Law School
    summa cum laude
    Certificate in Business and Public Policy - the Wharton School 
  • B.A., Psychology, University of Pennsylvania
    summa cum laude, with distinction

Seminars

Prior Experience

  • Served as a member of an interagency law enforcement group, providing guidance to the Treasury Department and the Financial Action Task Force (an international anti-money laundering watchdog and standard-setting group) on emerging anti-money laundering regulatory issues, including involving high-value art, digital assets and related matters such as the beneficial ownership rule.
  • Successfully led teams, including at key stages of high-profile cases, defending investigations against legal challenges and skillfully assessing, negotiating through, and litigating complicated discovery and other issues, including during trial. David also served as the Justice Department’s Money Laundering and Asset Recovery Section’s (MLARS) criminal discovery coordinator, liaising with Criminal Division leadership and providing guidance to the Section’s more than 40 prosecutors.
  • Supervised compliance with a corporate resolution between the Justice Department and multi-national financial institution involving BSA and foreign bribery-related violations.
  • Served as SIGTARP’s Assistant Chief Investigative Counsel helping to develop and execute the agency’s strategy for combatting TARP fraud, managing investigative teams, and coordinating with law enforcement and financial regulators nationwide.
  • Managed investigations of TARP Capital Purchase Program-recipient financial institutions and their executives.
  • Managed nationwide investigations into the trading of fixed-income securities through the Public Private Investment Partnership program involving more than ten companies and more than 40 individuals.
  • Testified in and prepared an analysis of financial records for a federal wire fraud trial under Federal Rule of Evidence 1006.
  • Served as a senior investigator and compliance reviewer for TARP securities and housing finance programs. Developed and oversaw anti-fraud, consumer protection and risk management controls of financial institution partners and others.
  • Co-founded and managed a proactive intellectual property enforcement Initiative and led office-wide change in related investigations.
  • Law clerk to the Honorable John M. Walker, Jr., Chief Judge for the US Court of Appeals for the Second Circuit (2003-2004 term).

Additional Certifications

  • Berkeley (edX) Computer Science Course Professional Certificates in Bitcoin and Cryptocurrencies and Blockchain Technology (December 2022)
  • Cornell University (eCornell) certificate in Executive Leadership (March 2016)

Memberships and Affiliations

  • Member, American Bar Association – Banking Law Committee
  • Member, Bank Secrecy Act and Anti-Money Laundering Subcommittee
  • Member, Enforcement, Insider Liability and Troubled Banks Subcommittee

My latest insights

Publication

Regulation by indictment: DOJ charges Tornado Cash founders – key takeaways

25 August 2023 .6 minute read

Publication

Crisis management: Preparing your response today

26 July 2023 .10 minute read

Publication

Historic whole-of-government effort to sanction Russia: what financial institutions need...

30 March 2023 .7 minute read

View All

Connect

Phone

+1 202 799 4148
(Work, Washington, DC)
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