Earlier this spring, following the Russian invasion of Ukraine, the Biden administration issued a series of executive orders imposing strong sanctions against Russia. Over the last few months, those sanctions have continued to expand, with OFAC, as well as sanctions authorities in the UK and EU, issuing dozens of new sanctions regulations that impact countless segments of the global economy. Those sanctions have had a ripple effect across the investment industry, reshaping AML standards and practices for fund managers and their LPs. Please join Proskauer partners Seetha Ramachandran from our asset management litigation group as well as Kirsten Lapham and Brian Schwartz of our Private Funds group as they engage in an in-depth discussion regarding these sanctions and what they mean for fund managers today.
Topics will include:
- General statutory and regulatory framework for the US and Europe and the UK
- What it means to be sanctioned
- What should a private investment fund do if it finds out an investor is a sanctioned person
- Sanctions Compliance for Private Funds
- AML/KYC Implications for Private Funds
- Expectations on how the current AML / sanctions regimes may evolve
- Other key considerations
Thuesday, June 21
1:00 p.m. EDT
Who Should Attend
Sponsors of private equity, venture capital, other funds, and their advisors.
About the Series
The Bottom Line webinar series will address an array of business topics and offer legal analysis for asset managers, providing you bottom line considerations for your business. These interactive discussions will include presentations by the Proskauer team and a live Q&A with questions from attendees.