Anti-Money Laundering

Skadden represents a wide variety of clients in compliance andenforcement matters involving U.S. and international anti-money
laundering (AML) laws and regulations. We advise global financial
institutions, payment service providers, digital asset service providers
and other multinational companies on all aspects of global AMLcompliance. We also represent corporate boards and senior employees
in AML compliance and enforcement matters, both civil and criminal.

CounselingTransactional

We engage with clients at the ground level to help them detect andprevent potential violations of law through our day-to-day compliance counseling. Our team regularly assists clients, including theworld’s largest financial institutions, in reviewing, developing andimplementing worldwide AML compliance programs to identify andprevent potential legal breaches. We design and tailor complianceprograms to meet each client’s risk profile and business requirements, taking into account the institution’s existing organizationaland management structures and cultural and global needs, as well as
the expectations of regulators.

Our AML transactional review and support services are an extension of our position as a leader in global M&A. The combinationof our compliance and enforcement counseling experience and ourglobal deal platform positions us to draw on the necessary resources
to work with clients to identify and manage “deal-stopping” issues
at an early stage — or before entering into a transaction — and tomonitor these matters through the life of a transaction. Conducting
proper transaction reviews, including advising on the risks associated with complex transactions, completing comprehensive pre- andpost-transaction due diligence, and drafting and negotiating relevantcontractual terms, are key tools to ensure compliance with AML
laws and regulations, and mitigate the risk of enforcement actions orreputational damage.

We have substantial experience helping our clients prepare for andrespond to regulatory inquiries and examinations, assessing theneed for and drafting voluntary disclosures, and conducting internal
investigations and transactional due diligence. Our attorneys haveexperience working with every major federal and state financial
services regulator in the U.S., as well as the financial services regulators in the U.K. and many European jurisdictions.
We also apply deep knowledge and broad experience to advise
financial services companies in the Web3 and digital assets space
on a full range of regulatory, enforcement and legislative mattersaffecting their operations and strategic planning. We have advised
exchanges, digital wallet providers, decentralized finance companies, nonfungible token platforms and stablecoin providers on avariety of issues, including AML requirements and novel regulatory
approaches, such as the New York BitLicense.

Enforcement

We vigorously defend our clients in enforcement proceedings
brought by regulatory agencies and prosecutors, including theDepartment of Justice (DOJ), the Financial Crimes Enforcement
Network (FinCEN), the Board of Governors of the Federal Reserve
System, the Office of the Comptroller of the Currency, the Federal
Deposit Insurance Corporation and the New York State Departmentof Financial Services. We have successfully resolved numerous
cross-border and multiagency civil and criminal investigations.
Our attorneys also advise clients in a wide variety of matters involving the U.K. Office of Financial Sanctions Implementation, the U.K.
Serious Fraud Office, the U.K. Financial Conduct Authority, theSkadden, Arps, Slate, Meagher & Flom LLP and Affiliates

Anti-Money Laundering
ContinuedU.K. Prudential Regulatory Authority, the German Federal Financial
Supervisory Authority and public prosecutors, the French National
Financial Prosecutor’s Office (Parquet National Financier) and theFrench Ministry of Finance, among others.

The practice and its attorneys also have been recognized by Chambers, Best Lawyers Best Law Firms, Lawdragon, Who’s Who Legal,IFLR1000 and the Women in Business Law European Awards.

We also have substantial experience with post-enforcement remediation matters and monitorships. Our attorneys frequently assist clientsin developing and implementing internal compliance programs andadvise on the design of remedial measures, including in-house training programs. We advise our clients on executing AML lookbacks
mandated by regulators. Additionally, our team provides legal andstrategic advice to clients who engage monitors and independent
consultants regarding the conduct of such reviews and in responding
to findings and recommendations.
Our Team

Many of our attorneys have government experience directly related
to AML and related areas — such as economic, financial andinternational trade sanctions — including at FinCEN, OFAC, theDOJ, the U.S. Department of State, the White House, the National
Security Council, the U.S. Department of the Treasury’s Office of
the General Counsel and Office of Terrorist Financing and Financial Crimes, the Office of the Comptroller of the Currency and theBoard of Governors of the Federal Reserve System.

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