A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets.
This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength.
Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations.
Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
On January 28, 2016, the New York State Department of Financial Services announced that it is extending the comment period to March 31, 2016, for its proposed anti-terrorism and anti-money laundering regulation...
On January 28, 2016, the New York State Department of Financial
Services announced that it is extending the comment period to March
31, 2016, for its proposed anti-terrorism and anti-money laundering
regulation, known as the Transaction Monitoring and Filtering
Program.
The regulation, proposed on December 1, 2015, requires
maintenance by each regulated institution of: (i) a transaction
monitoring program for the purpose of monitoring transactions after
their execution for potential BSA/AML violations and suspicious
activity reporting; and (ii) a watch list filtering program to
prevent transactions, before their execution, that are prohibited
by applicable sanctions, including OFAC and other sanctions lists,
politically exposed persons lists and internal watch lists. The
proposed regulation also includes an annual certification
requirement under which senior financial executives must certify
that their institutions have necessary systems in place to identify
and prevent illicit transactions.
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