June 11, 2013
On June 11, 2013, Cleary Gottlieb partner Juan P. Morillo, together with Mushtaq Mohamed, Legal Counsel, Dubai Islamic Bank, presented a seminar on anti-terrorism litigation.
In recent years, the U.S. Congress and courts have substantially strengthened the ability of U.S. authorities and private litigants criminally and civilly to target persons accused of providing financial services to perpetrators of terrorist acts. As a result, major financial institutions, including in the Middle East, have been criminally and civilly targeted for facilitating financial transactions with individuals and entities accused of terrorism and have faced serious reputational and financial consequences. Financial services firms active in the region would benefit from an increased understanding of the criminal and civil exposure arising from anti-terrorism laws and the compliance mechanisms that they can implement to mitigate such risks.