Partners Featured at ABA International Section

On October 26, 2005, Ed Krauland, Lucinda Low, and Maury Shenk are speaking at the ABA International Section's Fall Meeting in Brussels.

Maury Shenk is speaking at the panel, "Recent Developments in Enforcement of Anti-Corruption Standards, Nationally and Internationally: A Specific Look at the Concept and Benefits of Cooperation," moderated by Lucinda Low.

This panel will review the impact that new anti-corruption instruments and rules adopted by various regional and other international groups are having on anti-corruption enforcement by the US Securities and Exchange Commission at the Department of Justice, and in other countries, especially OECD Anti-Bribery Convention countries.

The panel will also examine the benefits of the World Bank's voluntary disclosure program that is available to companies that provide information about corruption in Bank-financed projects; the current meaning of "cooperation" applied by US enforcement agencies, particularly for foreign "issuers," as reflected in the recent enforcement actions; and the growing enforcement of FCPA-type laws by European countries that are parties to the OECD Convention. 

Ed Krauland is participating in a later panel, "Counselors, Advocates and Gatekeepers—Balancing the Roles and Responsibilities of Lawyers in the Face of Tightening Anti-Money Laundering/Terrorist-Financing Regulation." 

This panel will discuss European anti-money laundering directives (including the recently developed Third Directive); their implementation into national laws; and how these laws affect the legal profession in terms of required due diligence on clients and transactions, internal anti-money laundering compliance programs, suspicious transaction reporting on client activities, and other anti-money laundering requirements now applicable to European lawyers and notaries. 

The panel will identify the challenges presented to legal professionals and law firms in complying with these requirements, including in cross-border transactions, and the expectations of those in government or SROs responsible for monitoring compliance.  Panel members will discuss compliance best practices.

Click here for more information about the conference.