Anti-Money Laundering and Fraud Risks In the Age of COVID-19

Jeanine P. McGuinness Partner International Trade & Compliance, FCPA & Anti–Corruption

Washington, D.C.

Jeanine McGuinness concentrates in U.S. trade and investment laws applicable to cross-border transactions, focusing on U.S. economic sanctions, anti-money laundering laws, anti-boycott laws, the Foreign Corrupt Practices Act (FCPA), and transaction reviews by U.S. national security agencies, including the Committee on Foreign Investment in the United States (CFIUS).

Jeanine’s clients include major U.S. and foreign financial institutions, and pharmaceutical, technology, telecommunications, energy, and natural resources companies.

Examples of Jeanine’s experience include:

• Represents clients in preparing voluntary self-disclosures, administrative subpoena responses and license applications, and represents companies in connection with enforcement actions by the Treasury Department’s Office of Foreign Assets Control (OFAC)
• Provides policy and compliance advice to clients affected by frequent changes in U.S. sanctions, including sanctions targeting Iran, Cuba, and Russia/Ukraine
• Assists foreign purchasers of U.S. companies in national security reviews, including navigating the CFIUS process, through preparation of notices, meetings with CFIUS member agencies, advising on follow-on investigations, and negotiating and implementing mitigation agreements
• Assists clients in developing and updating economic sanctions, anti-money laundering, and anti-corruption compliance policies and procedures
• Represents financial institutions in connection with U.S. federal and state enforcement actions regarding compliance with U.S. anti-money laundering laws and regulations
• Represents lenders, underwriters, borrowers, and issuers in international lending and capital markets transactions regarding sanctions, anti-corruption, and anti-money laundering issues
• Advises a U.S. trade association and its member banks regarding U.S. sanctions, anti-corruption, and anti-money laundering issues in lending transactions, and prepares guidance for the industry on these matters
• Advises financial institutions on the application of U.S. anti-money laundering regulations, with specific emphasis on customer identification program (CIP)/know your customer (KYC)/customer due diligence (CDD) requirements and suspicious activity reporting requirements
• Regularly advises private equity and hedge funds regarding compliance with U.S. anti-money laundering and sanctions laws and regulations, including with respect to appropriate provisions in subscription materials and enhanced due diligence on high-risk investors
• Advises clients regarding sanctions-related inquiries from the Securities and Exchange Commission (SEC) and state agencies implementing divestment laws and assists clients in preparing sanctions-related disclosure for inclusion in annual reports to the SEC

Jeanine is ranked in both the CFIUS Experts and Export Controls & Economic Sanctions categories by Chambers USA in 2019, 2020, and 2021. An interviewee had this to say of their experience working with Jeanine, “I am continuously impressed by her extensive knowledge, excellent communication skills and her ability to wrap her subject matter expertise around the details of the matter and then drive conclusions or recommendations for next steps."

Matthew Moses Partner White Collar, Investigations, Securities Litigation & Compliance, FCPA & Anti–Corruption

New York

Matthew Moses is a partner in Orrick’s New York Office and a member of the White Collar, Investigations, and Compliance Group. Matt focuses on fraud, corruption, money laundering, and sanctions issues. He regularly conducts internal investigations and defends companies and individuals in government investigations.

Matt represents companies and individuals in matters before the U.S. Department of Justice (DOJ), U.S. Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), Financial Crimes Enforcement Network (FinCEN), Office of Foreign Assets Control (OFAC), and other government agencies. He conducts internal investigations and risk assessments; performs pre-acquisition anti-corruption, anti-money laundering, and sanctions due diligence; counsels companies about compliance issues; obtains government licenses and other permissions; and develops/enhances corporate compliance programs, policies, procedures, and internal controls.

Matt has extensive experience in matters involving the Foreign Corrupt Practices Act (FCPA), the Bank Secrecy Act (BSA) and U.S. anti-money laundering (AML) regulations, and U.S. economic sanctions administered by the Office of Foreign Assets Control (OFAC). He has represented companies at all stages of development and across industries, including financial services, energy, technology, blockchain/virtual currency, life sciences, and defense.

Matt is a member of the Firm’s Diversity Committee and LGBTW group, and he maintains an active pro bono practice.