Anti-Money Laundering

Fuerst Ittleman David & Joseph’s Anti-Money Laundering practice covers a wide range of businesses and legal issues. Primarily, our AML attorneys advise domestic and international financial institutions regarding their anti-money laundering requirements as set forth by the Bank Secrecy Act and individual state laws. This advice can be delivered in a variety of forms, but typically involves explaining how the individual institution is defined by federal law, and then teaching the institution regarding its unique federally mandated compliance requirements. However, our clients often have more wide-ranging legal needs. Accordingly, our AML lawyers routinely assist clients in matters involving commercial litigation, white collar criminal defense, regulatory enforcement actions, and commercial transactions, as well as IRS-BSA audits, OFAC licensing issues, grand jury investigations, state investigations, criminal and civil litigation, and commercial transactions. Our anti-money laundering practice recognizes that regulatory compliance must at all times remain at the forefront of every financial institution’s attention, and regardless of the specific legal matter we are asked to address for our financial institution clients, we must also keep our focus on compliance.

In addition to advising banks, credit unions and money services businesses regarding their anti-money laundering obligations, our anti-money laundering attorneys have also advised casinos, pawnbrokers, vehicle and yacht sellers, art dealers, diamond and gold dealers, investment brokers, insurance companies, and real estate companies, as all of these companies have been deemed to be “financial institutions” under United States law. In addition to working closely with our clients so as to render the most precise possible anti-money laundering advice, we also have strategic relationships with third party anti-money laundering consultants to assist in the preparation of our clients’ anti-money laundering programs.

While anti-money laundering programs are critical, they must be narrowly tailored to protect against the unique money laundering and terrorist financing risks posed by the individual financial institution, and they must actually be implemented. Additionally, financial institution employees must be included as part of the program and given instructions regarding how to report suspicious activity. Finally, anti-money laundering programs must be strong enough to withstand not only internal and external reviews, but the scrutiny of federal and state regulators, which may have overlapping jurisdiction over the financial institution and both routinely audit for compliance with the federal and state money laundering laws. We work closely with a wide range of financial institutions on all of these important anti-money laundering issues.

Fuerst Ittleman David & Joseph, PL’s Anti-Money Laundering Compliance team is captained by Andrew S. Ittleman, Esq., who is a certified Anti-Money Laundering Specialist and frequently lectures to domestic and international audiences on a wide range of anti-money laundering issues.

If you have any questions related to your anti-money laundering compliance obligations, please contact Andrew S. Ittleman, Esq. at aittleman@fuerstlaw.com or 305-350-5690.