The SEC’s Authority to Enforce the Bank Secrecy Act is Challenged
Managing AssociateSan Francisco
Derek Wetmore is a Managing Associate in Orrick's San Francisco office. His practice includes a range of criminal and civil enforcement actions involving potential violations of securities laws, the Foreign Corrupt Practices Act, the Bank Secrecy Act, the False Claims Act, and antitrust laws.
Derek represents companies and individuals across the globe. His clients range from closely held private entities to Fortune 50 companies in the technology, finance, retail, and manufacturing sectors. In addition to representing clients in enforcement actions, Derek has conducted dozens of internal investigations in Latin America, the Middle East, Europe, and Asia. He also counsels companies on compliance best practices and has served on the Monitor Team for a banking technology company.
Prior to law school, Derek worked as a data analyst for an environmental engineering firm with a focus on geospatial analysis, remedial design, and negotiations with state, federal, and foreign governmental agencies.
Derek's notable engagements include:
Representation of a Fortune 50 financial services company in an investigation by the Securities and Exchange Commission into compliance with Bank Secrecy Act reporting requirements.
Representation of a Fortune 50 consumer company in FCPA and AML internal investigations throughout Latin America.
Serving on the Monitor Team for an FCPA Monitorship of a banking technology company.
Representation of a government contractor in a False Claims Act investigation.
Representation of foreign electronics and automotive parts corporations under investigation by the DOJ Antitrust Division for alleged cartel activity.
Representation of an individual in a DOJ Antitrust Division criminal investigation of alleged anticompetitive activity in the automotive parts industry.
Conducting numerous investigations into potential bribery allegations and violations of internal policies for public and private clients in the Middle East, Asia, and Latin America.