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Schulte Roth & Zabel LLP

919 THIRD AVENUE, NEW YORK, NY 10022, USA
Tel:
Work +1 212 756 2000
Fax:
Fax +1 212 593 5955
Email:
Web:
www.srz.com
London, New York, Washington DC

Betty Santangelo

Tel:
Work +1 212.756.2587
Email:
Schulte Roth & Zabel LLP

Work Department

Broker-Dealer Regulatory & Enforcement, Litigation, Bank Regulatory, Financial Institutions, Regulatory & Compliance, Securities & Capital Markets, Securities Enforcement, Securities Litigation, White Collar Defense & Government Investigations

Position

Betty Santangelo focuses her practice on white-collar criminal defense and securities/bank enforcement. A former Assistant US Attorney for the Southern District of New York, she specialized in securities and commodities fraud prosecutions. Her practice includes representing financial institutions (banks, broker-dealers, mutual funds, FCMs, insurance companies, investment advisers, hedge funds and private equity funds), other corporate entities and individuals in matters brought by the US Attorneys’ offices, by various regulatory agencies, including the SEC, the bank regulatory agencies, the CFTC, FINRA, SIGTARP, international regulators (such as the FCA) and state and local prosecutors. Betty also has significant experience conducting internal investigations for these entities. In addition, she has served as an independent consultant in SEC enforcement matters examining both the NYSE and a regional broker-dealer. Prior to joining SRZ, Betty served as First Vice President and Assistant General Counsel for Merrill Lynch, where she managed the firm's securities and criminal regulatory investigations group and represented the firm and its employees in enforcement proceedings before federal and state regulatory agencies, and in criminal matters before US Attorneys' offices and state prosecutors, as well as in foreign jurisdictions. She has also served as Division Director of the ABA Litigation Committee and Chair of its Securities Litigation and Broker-Dealer Subcommittees. She has contributed a chapter on “Representation Prior to Indictment” in the book Defending Federal Criminal Cases: Attacking the Government’s Proof (Law Journal Press, 2009, 2015), co-authored the “Civil and Criminal Enforcement” chapter of the Insider Trading Law and Compliance Answer Book (Practising Law Institute, 2011-2018) and contributed two chapters in Broker Dealer Regulation (Practising Law Institute, 2009-2010, 2014-2017). Betty is recognized as a leading lawyer by The Legal 500 USThe Best Lawyers in America, Ethisphere: Attorneys Who Matter, Expert Guide to the World’s Leading White Collar Crime Lawyers, Expert Guide to the World’s Leading Women in Business LawWho's Who Legal: Business Crime Defence and New York Super Lawyers. She was also presented with the New York Chapter of the National Organization for Women's annual Women of Power and Influence Award.

Nationally recognized for her expertise in corporate compliance issues, including anti-money laundering, OFAC and FCPA, Betty’s representation of financial institutions in white collar and regulatory matters frequently draws on these areas of expertise, including advising financial institutions on their anti-money laundering/OFAC/FCPA procedures. At Merrill Lynch, she was also responsible for oversight of all Bank Secrecy Act reporting and anti-money laundering activities, and the implementation of Merrill Lynch’s anti-money laundering procedures. Among her many professional activities, she has served as the Securities and Futures Industry’s representative on the Bank Secrecy Act Advisory Group of the U.S. Department of the Treasury. Betty also is a founding member of and has served as counsel to the Securities Industry and Financial Markets Association’s (SIFMA) Anti-Money Laundering and Financial Crimes Committee. In 2014, she was honored by SIFMA for her extraordinary contributions to the committee and recognized for her dedication to improving industry compliance. In 1998, the Financial Crimes Enforcement Network of the United States Treasury Department awarded Betty its Director’s Medal for Exceptional Service. That same year, she represented the U.S. securities industry at the Financial Action Task Force (“FATF”) meeting in Brussels, Belgium. In 2002, she represented SIFMA, the Futures Industry Association and the Investment Company Institute at the FATF meeting in Paris. A former adjunct professor at Fordham Law School, where she taught a course on money laundering, Betty is a much sought-after speaker on corporate compliance, anti-money laundering/OFAC/FCPA, white-collar criminal and securities law issues, including at SIFMA, the FIA, ACAMS, the ABA/ABA AML conference and FIBA. From the Emerald Literati Network she received an “outstanding paper” award in 2006 for an article she wrote on money laundering enforcement actions and a “highly commended” award in 2011 for an article she wrote on beneficial ownership information and USA PATRIOT Act obligations. In 2008, she won a Burton Award, which recognizes exceptional legal writing, for an article she wrote on the FCPA. She is a recipient of the YWCA Woman of Achievement award, as well as other awards.

Member

Member, Board of Directors of National Organization of Italian American Women, 2009–Present (Chair, 2012–14, Chair Elect, 2012, Vice Chair, 2009–11); Member, Editorial Board of Complinet, 2009–Present; Member, Board of Trustees of Federal Bar Council Foundation, 1997–2003, 2005–08, 2012–Present; Member, Fordham Law Alumni Association, Board of Directors, 1997–Present; Member, New York City Bar Association, Federal Courts Committee, 1993–94 ; Division Co-director, ABA Litigation Committee, 1991–92; Chair/Co-chair, ABA Securities Litigation Committee, 1989–91; Chair, Broker/Dealer Sub-Committee of Litigation Committee, 1987–89; Member, ABA White Collar Crime Committee, 1993–Present; Secretary, New York Women’s Bar Association, 1976–77. Professional Activities: Securities Industry and Futures Industry Representative, U.S. Treasury Department Bank Secrecy Act Advisory Group, 1995–2008; Member, SIFMA Anti-Money Laundering and Financial Crimes Committee, 2014–Present; Counsel, 2000–2014; Member of U.S. Delegation to FATF, October 2002; Chair, Ad Hoc Securities Industry Group on Bank Secrecy Act and Anti-Money Laundering, 1995–2000; U.S. Securities Industry Representative, Financial Action Task Force, 1998.

Education

Fordham University School of Law, JD; Trinity College, BA; University of Oxford, Honors Program.


United States: Finance

Financial services regulation

Within: Financial services regulation

Schulte Roth & Zabel LLP provides an 'outstanding level of service' to a myriad of participants seeking regulatory advice in the context of banking, payments and trading matters, in particular. Spearheaded by the 'excellent' Joseph Vitale, the team excels at matters at the intersection of the bank regulatory and asset management spheres, and is noted for its 'excellent work for private equity and hedge funds on their banking investments'. Vitale continues to handle a significant amount of bank investment work for Cerberus Capital Management, including recently advising it (as the lead in a private equity consortium) on the acquisition of German bank, HSH Nordbank. He is also extremely well versed on Volcker Rule issues and recently assisted Credit Suisse with the restructuring of its Systemic Market-Making Group in order to fit within certain exemptions of the rule. Praised for his 'understanding, not only of the law but also the regulators', Donald Mosher leads the firm's efforts on the payments regulatory front, from both a standalone advisory perspective and in relation to M&A in the sector. Mosher has advised Ant Financial on several transactions, including its proposed acquisition of MoneyGram. Julian Rainero and Craig Warkol co-chair the firm's broker-dealer regulatory practice and are key members of the financial services regulatory team, which also includes AML and OFAC expert Betty Santangelo. All named attorneys are based in New York.

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