Sanctions and Seizures: Federal Investigations of Oligarchs, Real Estate, Banks and More
Holland & Knight Webinar
New York City financial transactions have long attracted the attention of federal prosecutors and regulators, and real estate transactions in particular have again come under heightened scrutiny for money laundering, sanctions violations and other crimes. Recently, as a result of Russia's war with Ukraine, the federal government has made Russian sanctions enforcement a pressing national imperative. Prosecutors from the U.S. Department of Justice and regulators from the U.S. Department of the Treasury are drilling down on real estate deals, banking relationships and luxury assets for possible oligarch connections. Holland & Knight has seen a sharp uptick in the government's actions to obtain evidence about real estate funding – and identify Russian oligarchs and sanctioned lenders, businesses and assets.
In this webinar, our attorneys will provide an overview of legal principles and discuss proactive measures to help safeguard against getting blindsided and unwelcome consequences.
- Demands by the U.S. government for records and other information concerning investors/lenders, purchasers and sellers
- The government's seizure of assets held by sanctioned individuals and entities
- A look at the evolving legal landscape (without a proposed sale)
- The imperative of effective compliance programs, including timely measures to better "know your buyer" (in advance of a proposed sale)