PwC & Orrick Hosted CLE Presentation - What Financial Institutions Should Know About the New AML Law

May.11.2021

Orrick partners Matt Moses and Jeanine McGuinness, along with Vas Chrisos and Jeff Lavine from PwC, led a discussion on “What Financial Institutions Should Know About the New AML Law." An in-depth analysis of the consequential provisions will be discussed:

The enhanced whistleblower incentive program for AML violations with increased awards and protections;
The expanded authority of the Department of Justice to subpoena documents from foreign banks;
The creation of new crimes related to money laundering; and
The creation of new punishments for AML violations.

Orrick, Herrington & Sutcliffe LLP is an accredited MCLE provider in the State of California and New York. This continuing legal education course has been approved in accordance with the requirements of the Continuing Legal Education Board and State Bar of California for a maximum of 1.0 credit hour, of which 1.0 credit hour can be applied to the general requirement.

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Jeanine P. McGuinness パートナー, International Trade and Investment, FCPA & Anti–Corruption

Washington, D.C.

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D:+1 202 339 8543
E: [email protected]

Practice:

International Trade and Investment
FCPA & Anti–Corruption
資金洗浄対策法および銀行秘密法
Mergers & Acquisitions
Environmental, Social & Corporate Governance (ESG)
Strategic Advisory & Government Enforcement (SAGE)

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Jeanine P. McGuinness パートナー

Washington, D.C.

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, 2021, and 2022. 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."