ACI 10th Annual Forum on AML & OFAC Compliance for the Insurance Industry
American Conference Institute (ACI)
Speaking Engagement | January.22.2020 - January.23.2020
Park Lane Hotel, New YorkInternational Trade & Compliance partner Jeanine McGuinness will be speaking on a panel, "Special Focus on Venezuela and Cuba Sanctions – How to Move Forward While Continuing to Watch Out for Potential Landmines" at the upcoming ACI 10th Annual Forum on AML & OFAC Compliance for the Insurance Industry Conference taking place January 22-23, 2020 in New York, NY. This panel will discuss how OFAC is handling companies reapplying for licenses in Cuba, the Helms-Burton law evolution in Cuba, practical realities of the total economic embargo against the government of Venezuela and all state-owned entities, general license considerations for non-US insurers in Venezuela, and understanding the impact for insurers of the Venezuela sanctions affecting the energy sector.
CLE Credits Available: Y
Practice:
- International Trade and Investment
- FCPA & Anti–Corruption
- Anti‐Money Laundering and Bank Secrecy Act
- Mergers & Acquisitions
- Responsible Business
- Strategic Advisory & Government Enforcement (SAGE)
Jeanine P. McGuinness Partner
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."