Economic Sanctions & Anti-Money Laundering
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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.
Rachel Fiorill Discusses Russia Sanctions and the U.S. Sanctions Regime With Global Association of Risk Professionals
March 18, 2022
Litigation counsel Rachel Fiorill was quoted extensively in an article published by the Global Association of Risk Professionals concerning the exacerbated compliance burdens and risks businesses face due to the stepped-up economic sanctions against Russia. In the article, “Restrictions on Russia Highlight Growing Complexity of U.S. Sanctions Regime,” published on March 18, Rachel commented on the resources companies need to devote to sanctions compliance.
“Companies’ compliance departments really need to make sure they’re devoting their resources to match the scale and sophistication of their operations,” she observed. Rachel added that “we’ve seen OFAC take a hard stance with companies that are collecting information for non-sanctions purposes that, through a sanctions lens, would have led them to realize there was a sanctions issue.”
» read the article