Practice aimed to unite many talents found within the firm, including its compliance background to focus on the specialized needs of foreign financial institutions with respect to U.S. requirements.
Notably, Akrivis can assist FFIs in advisory services related to the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) regulations, those related to Anti-Money Laundering (AML), and the Foreign Account Tax Compliance Act (FATCA). The firm is able to provide general advisory services as well as develop customized internal compliance programs, and provide up to date summaries of any new changes in applicable laws and regulation.
In formalizing this practice, Akrivis draws on its attorneys’ vast knowledge of the many applicable regulations, as well as the firm’s own international perspective, which is built on its attorneys’ experience overseas, language skills, and very importantly, significant experience in dealing with foreign clients and understanding their unique needs. This is meshed with a very personalized, cost-effective approach consistent with the firm’s high value proposition in its other practices.
“We are proud that we can provide customized solutions and approaches to foreign financial institutions that need advice on these highly sophisticated, critical regulatory frameworks,” said Akrivis Principal Farhad Alavi. “FFIs can be assured we can empower them with cutting edge solutions that leverage our unique backgrounds, insights, and familiarity with their concerns.”
The practice is part of the firm’s Banking and Finance practice.
For more information contact Mr. Alavi at falavi@akrivislaw.com or 202.686.4859. Other inquiries may be made to our firm Administrator at 202.730.1271.
This article is meant for informational purposes only. Past success is not necessarily an indication of future results, particularly as each case is unique.