- Hdeel Abdelhady
Transactional, regulatory counseling and compliance, and ethics services for U.S. and foreign parties. AML/CFT, Sanctions,…
Congressional Hearing on Terrorism Finance Probes Bank Secrecy Act Data Processing Effectiveness, Lack of Beneficial…
Bank Secrecy/Anti-Money Laundering (AML)/Counter-Terrorism Financing Congressional Hearing on Terrorism Financing Probes Bank Secrecy Act Data…
Beyond case recitations and optics, the enforcement of OFAC-administered sanctions by a state agency—even against banks by a banking regulator operating in a dual banking system—raises fundamental constitutional and other legal questions. Chief among them is the overarching question of whether U.S. states have authority to directly or effectively enforce OFAC-administered sanctions, particularly independently and prior to enforcement by competent federal authorities—namely OFAC. This question and some of the legal issues and policy and practical considerations appertaining to it are discussed in detail in a forthcoming publication. This document provides a summary preview of some of the key legal issues discussed in that publication. Additional summary previews may be provided separately.
This MassPoint publication briefly discusses U.S. jurisdiction over foreign parties and events based on territorial and U.S. financial system links to the United States. The U.S. case against FIFA is used as an example.
A Challenging Regulatory and Compliance Landscape MassPoint works with clients to develop and execute real,…
Recent investigations of financial institutions for “corrupt” hiring of foreign officials’ family members highlight links between anticorruption and AML compliance and enforcement. Financial institutions dealing with politically exposed persons and state-owned enterprises should leverage AML expertise to bolster anticorruption compliance.
American economic and financial heft facilitates the extraterritorial reach of U.S. law. For example, global transactions that are denominated in U.S. dollars and processed through the U.S. financial system “touch” the United States, come within its jurisdiction and create a jurisdictional nexus to foreign parties, property and events associated with those transactions.
MassPoint Legal and Strategy Advisory/Hdeel Abdelhady publications on banking and finance, compliance and governance, and investment with focuses on emerging and growth markets and strategic investments in food, agriculture and water.