People

Michael Romais

Associate

Michael Romais

Michael Romais counsels a broad range of financial services and other clients on regulatory, policy and enforcement matters. Mr. Romais centers his practice on investigations and compliance issues related to anti–money laundering (AML), economic sanctions, public corruption, offshore tax evasion and consumer financial protection. He has advised a number of clients in connection with developing and enhancing AML and US economic sanctions policies and procedures.

Mr. Romais has represented clients before the US Department of Justice, US Attorneys' Offices, the Office of Foreign Assets Control, New York's Department of Financial Services and various federal financial regulators, including representations in which companies face inquiries from multiple government entities.

Mr. Romais previously worked at the firm as a summer associate. While attending law school, Mr. Romais served in the summer honors program at the US Department of the Treasury in the Office of the Assistant General Counsel for International Affairs, where he worked on legal and policy issues related to international trade, the Committee on Foreign Investment in the United States, international financial regulation, and multilateral development banks and the International Monetary Fund. Before pursuing his law degree, Mr. Romais was an analyst at an international business and economic policy advisory firm, where he focused on international financial regulation and trade policy, along with US domestic and economic policy. 

Publications & News

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April 10, 2018

FinCEN Releases Frequently Asked Questions Regarding Customer Due Diligence and Beneficial Ownership Requirements

Last week the Financial Crimes Enforcement Network (FinCEN) issued much-anticipated Frequently Asked Questions (FAQs) that provide additional guidance to financial institutions relating to the implementation of the new Customer Due Diligence Rule (CDD Rule), set to go into effect on May 11, 2018. This client alert was also published by New York University School of Law's Compliance & Enforcement Blog.

December 22, 2017

Global Magnitsky Sanctions Target Human Rights Abusers and Government Corruption Around the World

This article also appeared on the New York University School of Law Compliance and Enforcement Blog.

December 19, 2017

FinCEN Launches New Information-Sharing Platform: The FinCEN Exchange

Treasury's Financial Crimes Enforcement Network recently announced the creation of the FinCEN Exchange, a new voluntary platform to facilitate information sharing between the government and industry on topics related to anti–money laundering and other financial crime issues.

August 28, 2017

New Sanctions Prohibit US Firms From Wide Range of Dealings With Venezuelan Government and PdVSA

On August 24, the Trump Administration significantly expanded sanctions against the Government of Venezuela, including state-owned oil company Petroleos de Venezuela, S.A.

June 21, 2017

Treasury Report Proposes Revamping Post-Crash Financial Regulation

On June 12, 2017, the U.S. Treasury Department released a 150-page report that recommends revamping many of the rules for banks and other financial services firms put in place after the 2008 financial crisis through the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Practices

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Education

JD, New York University School of Law, 2015, Staff Editor, Annual Survey of American Law

BA, Political Science, Haverford College, 2011

Bar Admissions

District of Columbia

New York

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