paschott@wbcfinancial.com

Professional Experience:

Mr. Schott is a principal with WBC Financial Group and a nationally recognized expert in bank regulatory matters.  He also serves as a consultant to the World Bank working principally with developing countries in establishing anti-money laundering programs and enhancing bank regulatory systems.  He has over 30 years of experience in the financial services sector.

Prior to joining WBC Financial Group, Mr. Schott served in the Federal Reserve, as an Assistant General Counsel of the Treasury Department and as Chief Counsel of the Comptroller of the Currency.

He has served as a partner with PricewaterhouseCoopers and its predecessor, Coopers & Lybrand, specializing in advice to financial institutions on regulatory matters.  He was lead partner for PwC in the anti-money laundering area. 

His private law practice experience includes service as a partner with Barnett, Sivon, Schott and Shay and as a partner with the Washington office of Brown and Wood.

Publications:

Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism (World Bank)

Federal Banking Law: Bank Holding Companies (Warren, Gorham and Lamont)

Expansion of Products and Services Offered by Banks in the United States, (Current Legal Issues Affecting Central Banks, Vol. 2, International Monetary Fund)

USA Patriot Act Increases Anti-Money Laundering Responsibilities for All Financial Institutions (PricewaterhouseCoopers)

Education:

B.A. -- Kent State University

J.D. -- Boston University

L.L.M. -- Georgetown University

Contact:

Direct lines: (703) 407-4954 (Voice) or (703) 821-1162 (Fax)