Financial services companies face a complex array of threats and regulatory concerns. One of the most challenging is managing anti-money laundering (AML) risk and related regulatory compliance. AML and counter-terrorist financing regulations play an important role in preventing and detecting illegal activity. But they also are increasingly complicated, expanding both the legal obligations and enforcement risks for financial services companies.
We provide the comprehensive and practical guidance that clients need in order to (1) comply with their regulatory obligations, (2) improve the deterrence, detection, and reporting of potential illicit activity, and (3) when necessary, defend against enforcement actions regarding AML requirements. Our team includes former government prosecutors with years of experience in money laundering and other financial crimes cases, and seasoned financial services regulatory compliance professionals with government, industry, and private practice experience. We have decades of experience representing clients before government agencies, including the Financial Crimes Enforcement Network (FinCEN), the Securities and Exchange Commission (SEC), the U.S. Department of Justice (DOJ), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Commodity Futures Trading Commission, as well as self-regulatory organizations such as the Financial Industry Regulatory Authority (FINRA).
Our team is experienced in all U.S. laws and regulations governing AML compliance, including the Bank Secrecy Act (BSA), USA PATRIOT Act, Anti-Money Laundering Act of 2020, FinCEN regulations, Office of Foreign Assets Control (OFAC) regulations and sanctions, and state AML requirements. We partner with experienced firms across the world to ensure compliance with laws in other jurisdictions, including the UK, the European Union, Latin America, India, and Asia-Pacific nations.
Our services include:
Podcasts
10.05.23
Practical Lessons Learned Regarding the Bank Secrecy Act and Anti-Money Laundering for Financial Institutions
Consumer Financial Services Law Monitor
12.16.22
Senators Introduce Bill to Extend Anti-Money Laundering Rules to Cryptocurrency
Regulatory Oversight
02.22.22
Department of Treasury Releases Study on Money Laundering Risks in Art and NFTs