Dsu-Wei Yuen

Of Counsel

I help companies working to make payments easier, safer, and faster.

Dsu-Wei Yuen helps connect senders and recipients of payments and the networks, processors, financial institutions, and fintechs that sit between them. She combines prior experience as in-house counsel with a focus on emerging technologies to provide clear and practical advice on even the most complex regulatory and transactional issues.

She advises on the consumer protection, safety and soundness, and operating requirements that apply to companies who take, store or move money. A Certified Anti-Money Laundering Specialist (CAMS), she counsels clients on anti-money laundering/counterterrorist financing issues. Dsu-Wei also works with merchants, banks, and all types of third-party agents and service providers on program and processing agreements, as well as in connection with e-commerce, mobile and virtual wallets, and virtual currencies.

Practice Highlights

Money transmission

Represent domestic and foreign payments companies in license applications, regulator interactions and inquiries. Assist third-party agents and service providers in determining or requesting exemptions from licensure requirements. Advise existing and prospective licensees on legal obligations and requirements.

Payment processing

Negotiate payment processing agreements on behalf of merchants, ISOs and banks. Represent program managers and banks in structuring and documenting payment acceptance and disbursement programs. Advise global banks on card network operational and risk management requirements.

Anti-Money-Laundering/Counter-Terrorist Financing (AML/CTF)

Counsel financial institutions on AML program, customer due diligence (CDD), customer identification and verification (including beneficial ownership) (CIP/IDV) and transaction monitoring and reporting obligations. Assist clients with OFAC sanctions program requirements and compliance.

Anti-money laundering*

Advised banks, broker-dealers and MSBs on federal and state transaction reporting, recordkeeping and examination requirements; conducted risk assessments and updated AML policies. (2010-2014)

Consumer protection, marketing, and privacy

Counseling clients on electronic and mobile payments regulatory compliance matters, including Regulation E, TILA, the Fair Credit Reporting Act, the Gramm-Leach-Bliley-Act, and the Dodd-Frank Act. (Ongoing)

Credit card program agreements and processing agreements for U.S. credit card issuers, processors and acquirers

Represents U.S. credit card issuers in connection with co-branded card agreements and related affinity/loyalty programs and private label credit card programs; represents processors and acquirers in connection with transaction processing agreements. (Ongoing)

Money transmission

Advises payments companies, prepaid program managers and virtual currency issuers and intermediaries on state money transmitter licensing requirements and ongoing obligations; represents companies in license applications and regulator interactions. (Ongoing)

*Denotes an attorney's experience prior to joining Davis Wright Tremaine

Admitted to Practice

California, 2007
Washington, 2015

Education

J.D., Harvard Law School, 2007
B.S., Biological Sciences, Minor in Biomedical Engineering, Carnegie Mellon University, 2004, with honors
- Phi Beta Kappa

Languages

Cantonese, Mandarin

Background

- ACAMS Certified Anti-Money Laundering Specialist
- Associate, Perkins Coie LLP, New York, N.Y., 2014-2015
- Attorney, Schulte Roth & Zabel LLP, New York, N.Y., 2012-2013
- Associate Counsel, CashEdge Inc./Fiserv, Inc., New York, N.Y., 2010-2012
- Associate, Wilson Sonsini Goodrich & Rosati, P.C., Palo Alto, Calif., 2007-2010