On June 25th, China General Chamber of Commerce-USA (CGCC) co-hosted an event with Paul, Weiss, Rifkind, Wharton & Garrison LLP (Paul, Weiss) titled, “Detecting and Reporting Suspicious Transactions and Preventing Sanctions Violations” as part of the CGCC Legal and Policy event series. More than 75 people attended the event at Paul, Weiss’s New York Headquarters.
The event convened a panel of distinguished legal prosecutors and defense counsel to discuss the legal requirements and regulatory expectations and priorities related to anti-money laundering and economic sanctions. Panelists also provided commentary on recent enforcement actions, as well as advisories and initiatives announced by the U.S. Treasury Department and Department of Justice.
The panel included Roberto Gonzalez, Paul, Weiss partner and former Deputy General Counsel for the U.S. Treasury Department, Andrew Adams, Co-Chief of the Money Laundering and Transnational Criminal Enterprises Unit at the U.S. Attorney’s Office for the Southern District of New York, Christopher Harwood, Partner at Morvillo Abramowitz and former Co-Chief of the Civil Frauds Unit for the U.S. Attorney’s Office for the Southern District of New York, and Rachel Fiorill, Paul, Weiss counsel and former Enforcement Section Chief at OFAC.
CGCC extends great thanks to co-host Paul, Weiss as well as to CGCC members Bank of China, China Merchants Bank, Industrial and Commercial Bank of China (ICBC), China UnionPay, China Unicom, CRRC North America, Taiping-Starr Holdings, PwC, Polsinelli, Littler Mendelson, Cushman & Wakefield, King & Wood Mallesons,KPMG, Bridge International Group, and CB International Bank for attending the event and contributing to the discussion with inspiring questions and insightful perspectives.
To learn more about Paul, Weiss’s Economic Sanctions and Anti-Money Laundering practice, please click here.
Founded in 2005, the China General Chamber of Commerce – USA(“CGCC”) has been recognized as the largest and most influential non-profit organization representing Chinese enterprises in the U.S. Its membership consists of more than 1,500 Chinese and U.S. companies, 54 of which are ranked on the 2018 Fortune Global 500. CGCC’s mission is to create value, generate economicgrowth, and enhance cooperation between the U.S. and Chinese business communities. CGCC conducts extensive research and provides a broad range of programs, services, and resources to its members and key stakeholders in an effort to foster the mutual understanding, trust, and engagement between China and the U.S. As of 2018, CGCC’s Chinese member companies have cumulatively invested over $120 billion, employ more than 200,000 people, and support over one million jobs throughout the United States.
CGCC is a national organization and includes CGCC-New York(CGCCUSA-HQ), CGCC-Chicago, CGCC-Houston, CGCC-Los Angeles, CGCC-San Franciscoand CGCC-Washington D.C.