When assessing anti-money laundering risk and exposure, global financial institutions should be mindful of the complex landscape and assertions of broad authority by U.S. authorities and banking regulators. A multinational...more
On September 17, 2014, in Gucci America, Inc. v. Li and Tiffany (NJ) LLC v. Forbse, the United States Court of Appeals for the Second Circuit held for the first time that foreign banks are not subject to jurisdiction in the...more