Henry Van Dyck Addresses SCOTUS Ruling in Halkbank Case With The National Law Journal

In “SCOTUS Decision in Halkbank Case, a Win for DOJ, Could Put State-Owned Foreign Banks ‘On Notice,’” The National Law Journal turned to white collar defense and investigations partner Henry Van Dyck for insight on the potential implications of a new ruling from the U.S. Supreme Court on the Foreign Sovereign Immunities Act of 1976.

Van Dyck said comments from Deputy Attorney General Lisa Monaco made in March set the stage for a well-armed federal investigations team, with more than two dozen new hires in the Bank Integrity Unit, part of the Criminal Division’s Money Laundering and Asset Recovery Section. He added that this area was often the space where kleptocratic violations of sanctions and export control law were enforced.

“The relationship to potential kleptocracy is that oftentimes the actual corporations used to effectuate the violations are potentially state-owned, and if there are criminal charges are brought, they are brought as money laundering offenses,” Van Dyck noted.

The full article is available for The National Law Journal subscribers.