Nicole
Succar

Nicole Sayegh Succar is a partner in the Litigation Department and a member of the Economic Sanctions & AML, National Security, and White Collar & Regulatory Defense groups. Nicole provides compliance counseling, diligence and investigations services related to U.S. economic sanctions and the Bank Secrecy Act (BSA)/ anti-money laundering (AML) laws and regulations. Drawing on her unique combination of government and in-house experience, she assists clients in pursuing innovative and practical solutions to sanctions, BSA/AML and other financial crimes matters.

Experience

Nicole’s recent representations include, among others:

• a multinational retailer in a U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) disclosure and related investigation involving the resale of merchandise to Iran;
• a multinational logistics company in U.S. sanctions, export controls and related DOJ advice;
• a major technology company in a risk assessment of the money laundering enforcement risk related to certain of its products;
• a Chinese multinational technology and entertainment company in connection with ongoing sanctions, export control and anti-money laundering advice.
• a major sports association as international trade counsel (economic sanctions and export controls) in its involvement in one of the world’s largest sports tournaments;
• a financial technology company as lead counsel on day-to-day advisory on economic sanctions and BSA/AML and in assistance with OFAC disclosures;
• a financial technology company as lead counsel on day-to-day advisory on economic sanctions and in assistance with an internal investigation related to Cuba-related sanctions;
• a financial services company in advice in AML program matters related to running the bank; advice on a Federal Deposit Insurance Corporation (FDIC) consent order; and in advocating before Financial Crimes Enforcement Network (FinCEN) related to the bank’s customer identification program;
• a financial institution in a DOJ investigation resolution and settlement with FinCEN for violations of the Bank Secrecy Act (BSA);
• a multinational equipment manufacturer in leading multi-year advocacy before OFAC to secure authorization to receive a payment of $20 million related to work with Iran during a period of relaxation in Iran sanctions;
• Sandvine Corporation in trade compliance support related to a major victory when the U.S. government took the extremely rare step of removing the company from the highly restrictive Entity List, where it had been placed due to accusations that its products were misused by foreign governments to infringe on civil liberties and other rights; and
• an American multinational corporation and technology company, a bank holding company and financial services corporation, a leading global professional services company and a major insurance company as a day-to-day adviser on economic sanctions, export control and BSA/AML compliance.

Nicole previously served as a sanctions officer with the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), where she handled complex matters relating to U.S. sanctions against Russia, Iran, North Korea, Cuba and Syria. Nicole also served in senior financial crime compliance positions at one of the world’s largest banks, including heading the bank’s U.S. economic sanctions advisory team and its regional sanctions for the Latin America and Asia regions. 

Prior to joining Paul, Weiss, Nicole was a partner at another international law firm, where she advised multinational corporations, financial institutions and financial technology companies on their most complex economic sanctions and BSA/AML matters.

Professional Affiliations

Nicole is active in numerous professional organizations. She is a founding member of the American Conference Institute’s Women in Sanctions Network, and is a board member of and frequent speaker for the Association of Certified Sanctions Specialists’ New York chapter. Nicole has also been recognized by Super Lawyers as a “Rising Star” in international trade since 2022.