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As virtual assets increasingly become part of the global financial system, financial institutions and other stakeholders — including technology firms, corporations, and virtual asset service providers — must ensure the development of enhanced due diligence capabilities to identify risk and meet compliance obligations.

In 2021, OFAC and other regulatory agencies of the U.S. government took significant action by providing guidance related to cryptocurrencies, imposing sanctions against exchanges and wallets, and using enforcement authorities to target the deficiencies of some virtual asset service providers.

Led by Kharon and Mayer Brown professionals with frontline OFAC, Treasury, and DOJ experience, this session will provide an overview of virtual asset regulatory and compliance developments and use real-world case studies to highlight challenges and best practices in identifying risk. Members of the panel will also provide their expectations for 2022 and beyond.


SPEAKERS

NickNick Grothaus, Vice President, Kharon

Nick leads Kharon's research initiatives focused on disinformation, conflict media, and commercial due diligence. Nick has over eight years of experience conducting and managing research into foreign information operations, terrorist support networks, and illicit finance issues. Nick holds an MA in Security Studies from Georgetown University and a BA in International Relations with a minor in Russian Studies from the University of Colorado.

 

ori-levOri Lev, Partner, Mayer Brown

Ori Lev is a partner in Mayer Brown’s Washington, D.C. office. He concentrates his practice on representing clients in government enforcement matters, internal investigations, and litigation, as well as providing regulatory advice and counsel on economic sanctions and federal consumer financial law. Ori has an extensive regulatory enforcement background, both at the Office of Foreign Assets Control (OFAC), where he led the Office of Enforcement and served in other leadership positions, and at the Consumer Financial Protection Bureau. Ori has led internal investigations, helped companies respond to OFAC subpoenas, drafted license applications and self-disclosures to OFAC, and provided counsel on the applicability of OFAC regulations to a wide range of business conduct. In 2019, Ori was identified as one of the 25 “most respected sanctions lawyers” in Washington, D.C. by Global Investigations Review.

gina-ParlovecchioGina Parlovecchio, Partner, Mayer Brown 

Gina Parlovecchio is a partner in Mayer Brown’s New York office. She represents individual and corporate clients in internal and government investigations and white collar criminal defense, with a particular focus advising on anti-money laundering (AML), securities fraud, bribery, corruption, and healthcare fraud matters. Previously, Gina was an Assistant United States Attorney (AUSA) in the U.S. Attorney’s Office for the Eastern District of New York (EDNY), where she served as the chief of the office’s International Narcotics and Money Laundering Section (INMLS). Drawing upon her background prosecuting cross-border matters in the U.S., Central America, South America, and Europe, Gina also advises clients on complex cross-border investigations. Most recently, Gina was named to Crain’s New York Business’ 2021 list of “Notable Women in the Law.”

 

tamer-solimanTamer Soliman, Partner, Mayer Brown 

Tamer Soliman is a partner in Mayer Brown’s Washington, D.C. and Dubai offices, as well as the global head of the firm’s Export Control & Sanctions practice. He advises corporate and government clients on a wide range of international trade issues governing cross-border investments, joint ventures and sales, manufacturing, and the development of emerging technologies. His practice focuses on export controls, sanctions, and related national security trade restrictions — of which Tamer has over two decades of experience handling such matters.