Stanley J. Boris

STANLEY J. BORIS advises financial institutions on a variety of regulatory, public policy and transactional matters. Stan’s experience includes counseling depository institutions, payment networks, processors and technology companies on structuring their payment offerings, such as prepaid card programs, person-to-person payment services and digital payment products, as well as with respect to licensing and ongoing compliance obligations. His broader representation includes providing advice on money transmission questions, investments in FinTech companies, anti-money laundering and counter-terrorist financing matters, online gaming, cybersecurity and data breach legislation, prudential supervision requirements and management of third-party risk.

Prior to joining Sidley, Stan represented primarily financial institutions in connection with leveraged financings and other syndicated loan transactions at major international law firms in New York.

Stan’s representative matters include:

• Representing a payment network in connection with numerous service agreements entered into with banks, technology companies and end-users to facilitate the offering of domestic and cross-border funds transfers.
• Advising financial institutions and a trade association on federal and state legislation and regulatory rulemakings.
• Developing a client’s multi-jurisdictional strategy with regard to international standards for financial market infrastructure.
• Providing advice to a bank regarding the legal risks associated with participation in a new electronic payment system.
• Reviewing and preparing prepaid card program documentation.
• Representing a payment network with respect to its investment in a licensed money transmitter.  
• Advising on regulatory aspects of a payment company’s investment in a state-licensed lending company.
• Representing a foreign-based financial holding company in connection with the U.S. aspects of the merger of two bank subsidiaries.  
• Assisting clients with their compliance obligations to prevent unlawful internet gambling.
• Advising financial institutions with anti-money laundering inquiries and deal diligence.
• Providing advice to financial institutions on permissible investments and other activities.