OFAC Further Tightens Russia Debt Prohibitions Pursuant to the Countering Russian Influence in Europe and Eurasia Act of 2017 (OFAC DIrective 1 As Amended September 29, 2017), October 2017.
From Anti-Money Laundering to Immigration Enforcement: Time to Reassess the Law Enforcement Role of Banks, Credit Unions and Other Financial Intermediaries, September 2017.
Hdeel Abdelhady Discussed the NYDFS Habib Bank Enforcement Action, September 2017.
FinCEN Expands Geographic Targeting Orders, August 2017.
Dana Gas Sukuk: Legal Silos and Potential Lessons for Deal Teams (Islamic and Conventional), June 2017.
Parsing Dana Gas’ Statement that Sukuk is “Unlawful”: Shari’ah, UAE Law, and Factual Questions, June 2017.
Dana Gas Declares its Own Sukuk “Unlawful”: Revisiting The Investment Dar Case and “Shari’ah Risk,” June 2017.
Congressional Hearing on Terrorism Finance Probes Bank Secrecy Act Data Processing Effectiveness, Lack of Beneficial Ownership Transparency, and Potential BSA and Patriot Act Amendments, April 2017.
Nonfinancial Risk For Banks: Incorporating Environmental, Social and Governance (ESG) to Identify and Manage Banks’ Legal, Commercial and Reputation Risk, April 2017.
Senate Bill to Combat ISIS Targets “Jurisdictions of Terrorism Financing Concern,” March 2017.
Trump’s Foreign Policy May Further Strain Foreign Correspondent Banking (Derisking), January 2017.
Do U.S. Banking Regulators Like the NYDFS Have Authority to Enforce OFAC Sanctions?, July 2016.
Panama Papers Renew Relevance of Proposed U.S. Beneficial Ownership Rule
BNY Mellon to Pay $14.8 Million to Settle “Corrupt” Hiring Charges for Providing Internships to Sovereign Wealth Fund Officials’ Family Members
United States Adds Russian Direct Investment Fund, Other Russian Financial Services Actors to Sectoral Sanctions List, August 2015. Certain Financing, Debt, and Equity Transactions Remain Prohibited; Action Relevant to U.S. Persons and Non-U.S. Persons (particularly Middle East- and Asia-based)
A Great BRIC Wall? Emerging Trade and Finance Channels Led by Non-Western Nations Could Curtail the Global Reach of U.S. Law, June 2015.
Deposit Insurance Frameworks for Islamic Banks: Design and Policy Considerations, February 2015.
Proposed U.S. Rule Requires Banks to Collect Beneficial Ownership Information, November 2015.
Cross-Compliance for Financial Institutions: the Anti-Corruption-AML Nexus, September 2014.
Consumer-Oriented Insolvency Risk Allocation in Islamic Retail Profit Sharing Investment Accounts, April 2014.
Globalized Anti-Corruption Enforcement: Direct and Collateral Consequences for Private and State-Owned Enterprises (financial institutions focus), MassPoint Occasional Note, November 2013.
Specialized Insolvency Regimes for Islamic Banks: Regulatory Prerogative and Process Design, World Bank Legal Review, November 2013.
The Front Office Generates Revenue, the Back Office Creates Value: Operational Excellence is Key to Unlocking Long-Term Value in Islamic Finance, December 2010. View Arabic here.
Islamic Law in Secular Courts (Again): Teachable Moments From the Journey, Fall 2009.