Government Investigations and Anti-Money Laundering Compliance
We have a long history of advising clients concerning Anti-Money Laundering (AML) and Counter Terrorist Financing compliance, as well as related financial crime regulatory matters under the Bank Secrecy Act (BSA). Our clients look to us not only for assistance in implementing robust AML compliance, but also for our expertise when facing government scrutiny. Thus, we have significant experience in conducting internal investigations and guiding clients through external investigations conducted by federal, state and local law enforcement, regulators and legislative committees, including the United States Senate Permanent Subcommittee on Investigations (PSI).
We have represented clients in many of the investigations conducted by the PSI over the last decade involving AML and financial crime. We have also defended global companies and individuals in high profile investigations by the PSI and others regarding the recent financial crisis, kleptocracy, tax havens, tax policy, correspondent banking, derivatives risk, e-commerce, mortgage fraud, securities manipulation and FIRREA. We frequently collaborate with other firms who retain us as co-counsel in connection with such investigations because of our expertise in financial crime matters and our demonstrated track record of successfully handling matters before the PSI and other governmental entities.
In addition to handling investigations, we regularly interact with law enforcement and regulators on behalf of our clients in connection with BSA reporting, disclosure and related matters. We also advise clients in managing regulatory risk concerning financial crime/AML issues arising in private commercial litigation, including the disclosure of, among other things, suspicious activity reporting and Bank Examination material. As with government investigations, we are proud of our frequent collaboration with other firms who ask us to provide subject matter expertise in civil litigation when faced with such regulatory risk issues. Finally, we provide training on all these issues to financial institutions and their in-house counsel, other outside counsel firms, and law enforcement.
David Chenkin, chair of our Government Investigation and BSA/AML practice, is a Certified Anti-Money Laundering Specialist and a nationally recognized speaker on such topics. He has been an invited speaker at functions and training sessions sponsored by law enforcement and regulators. He also provides in-house training to global companies and other law firms and participates in industry working groups.