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Evelyn Sheehan Joins PLI Panel on Foreign Corruption and Money Laundering Risks for Professionals
May 11, 2021
It may surprise some to learn that the U.S. Department of Justice (DOJ) is involved in prosecuting corruption schemes committed entirely abroad, as corrupt proceeds often flow into the U.S. All this presents risks for professionals involved in moving money. As part of the Practising Law Institute (PLI) “Anti-Money Laundering 2021: Risks, Due Diligence and Compliance in an Evolving Legal World” program, Kobre & Kim’s Evelyn Sheehan will untangle the complexities in a virtual panel on May 11, 12:00 pm New York time.
The panel, “Foreign Corruption and Domestic Money Laundering: Traps for Professionals,” will be led by Peter D. Hardy of Ballard Spahr, and Ms. Sheehan will be joined by Mary Butler, the chief of the International Unit of the Money Laundering and Asset Recovery Section at DOJ. Together, they will discuss how the DOJ uses federal money laundering statutes to charge corruption schemes committed abroad, and how government efforts to recover corrupt proceeds laundered through U.S. bank accounts or high-end purchases rope in lawyers, accountants, bankers, real estate agents and other professionals.