Our team advises U.S. and non-U.S. clients across industries on their most sensitive U.S. economic sanctions and Bank Secrecy Act/anti-money laundering (BSA/AML) issues. With our preeminent regulatory defense and white collar experience, we are uniquely positioned to assist clients in responding to regulator inquiries, examinations and subpoenas; conducting internal investigations; and handling matters that develop into multi-agency civil and criminal investigations. Our practice also encompasses regulatory advice, compliance counseling and transactional due diligence.
Publications
DOJ and FinCEN Take Coordinated Action Against Bitzlato Cryptocurrency Exchange and Its Owner
In the first order of its kind, the U.S. Department of the Treasury’s FinCEN identified global cryptocurrency exchange Bitzlato as a “primary money laundering concern” under the Combating Russian Money Laundering Act.
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OFAC Enforcement Action Targets U.S.-Incorporated Cryptocurrency Exchange for Apparent Violations of U.S. Sanctions
The U.S. Treasury’s Office of Foreign Assets Control recently reached a monetary settlement with U.S.-incorporated cryptocurrency exchange Payward, Inc., popularly known as Kraken, over apparent sanctions violations in connection with several hundred transactions processed by Kraken on behalf of individuals located in Iran.
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DOJ Prosecutions Reflect Aggressive Stance Toward Russian Sanctions and Export Control Evasion
See Also
- H. Christopher Boehning
- Walter Brown
- Jessica S. Carey
- John P. Carlin
- David Fein
- Michael E. Gertzman
- Roberto J. Gonzalez
- Brad S. Karp
- Loretta E. Lynch
- Mark F. Mendelsohn
- Peter Jaffe
- David Kessler
- Cara Hume
- Joshua R. Thompson
- Economic Sanctions & AML
- Mergers & Acquisitions
- Anti-Corruption & FCPA
- Cybersecurity & Data Protection
- Internal Investigations
- Mergers & Acquisitions Litigation
- White Collar & Regulatory Defense
Two U.S. Attorneys’ offices, in coordination with the DOJ’s Task Force KleptoCapture, charged multiple individuals and corporate entities with participating in schemes to evade U.S. sanctions and export controls applicable to Russia.
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David Kessler Co-Chairs NYSBA Panel on Financial Regulation and Money Laundering
Litigation counsel David Kessler co-led a panel as part of the 2022 London Global Conference hosted by the New York State Bar Association’s International Section.
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DOJ Brings First Terrorism Material Support Charge Against a Corporation
See Also
- H. Christopher Boehning
- Jessica S. Carey
- John P. Carlin
- David Fein
- Michael E. Gertzman
- Roberto J. Gonzalez
- Jeh Charles Johnson
- Brad S. Karp
- Loretta E. Lynch
- Mark F. Mendelsohn
- Richard S. Elliott
- Peter Jaffe
- David Kessler
- Jacobus J. Schutte
- Economic Sanctions & AML
- Mergers & Acquisitions
- Anti-Corruption & FCPA
- Cybersecurity & Data Protection
- Internal Investigations
- Mergers & Acquisitions Litigation
- White Collar & Regulatory Defense
The DOJ recently announced that a Paris-based corporation and its Syrian subsidiary pleaded guilty to conspiring to provide material support to foreign terrorist organizations—the first time the DOJ has brought such a charge against a corporation.
Events
Jessica Carey to Speak on Institute of International Bankers Panel on Suspicious Activity Reports
Litigation partner Jessica Carey will participate in the panel “A Case Study in SARs Writing” as part of the Institute of International Bankers’ annual Anti-Money Laundering Seminar.
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Roberto Gonzalez and Joshua Thompson Author Two Chapters in ICLG Sanctions 2023
Litigation partner Roberto Gonzalez and associate Joshua Thompson served as contributing editors of the International Comparative Legal Guide - Sanctions 2023, which is the fourth edition of this handbook.
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Jessica Carey, Roberto Gonzalez and Carly Lagrotteria Discuss New York DFS' First Crypto Enforcement Action in Law360 Column
Litigation partners Jessica Carey and Roberto Gonzalez and associate Carly Lagrotteria discuss key takeaways from the New York Department of Financial Services’ first enforcement action against a crypto company in a Law360 column.
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David Fein to Discuss the Effectiveness of Financial Crime Detection Policy
Litigation special counsel David Fein will co-introduce a research presentation, “‘314(b) Effectiveness’ Policy Discussion,” and moderate a subsequent Q&A.
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Treasury Escalates Russia Sanctions, Including New Prohibition on the Provision of Certain Services
The United States increased pressure on Russia to de-escalate its conflict in Ukraine through new sanctions targeting individuals and entities critical to Russia’s war efforts, as well as against the provision of accounting, trust and corporate formation, and management consulting services to Russia.
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The Biden Administration’s First Two Weeks of Sweeping Sanctions and Export Controls on Russia/Ukraine
In response to Russia’s invasion of Ukraine, the Biden Administration has put in place a series of sweeping sanctions and export controls affecting Russia, Ukraine, and Belarus. We summarize these actions and outline measures that U.S. and non-U.S. companies may consider to mitigate risk.
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President Biden Prohibits “New Investment” in Russia; Additional Russian Companies and Individuals Are Added to SDN List
In a significant expansion of sanctions, President Biden recently issued an executive order prohibiting “new investment” in Russia by U.S. persons, wherever located.
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Seizure of Russian Oligarch’s Yacht Provides Insight into Evasive Financial Conduct
The DOJ recently announced the seizure of a Russian oligarch’s luxury yacht, marking the first seizure by Task Force KleptoCapture, an interagency task force led by the DOJ and focused on enforcing Russian sanctions.
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Biden Administration Warns of Increased Sanctions and Export Controls Enforcement
The Biden Administration has warned that it is ramping up efforts to enforce the new and pre-existing Russia/Ukraine sanctions, including by creating a DOJ task force focused on investigating potential violations.
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Jessica Carey Quoted in Bloomberg Law Article on Russia Sanctions
Litigation partner Jessica Carey was quoted in an article in Bloomberg Law on the business community’s response to the Russia sanctions.
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