"We will starve terrorists of funding, turn them against each other, rout them out of their safe hiding places, and bring them to justice."
President George W. Bush,
September 24, 2001
This quote clearly states our government's intent to locate and punish financial institutions at home and abroad that continue to provide resources and/or services to terrorist organizations. A 2001 Executive Order allowed the Treasury Department to begin freezing U.S. assets and block U.S. transactions of any person or institution associated with terrorists or their organizations.
At Cox Padmore Skolnik & Shakarchy, we advise banks and financial institutions in regard to the increasing threat of terror financing, money laundering, and other forms of bank fraud. Serving both a domestic and international clientele, we assist in tracing fraudulent transactions, setting up effective compliance programs, and protecting against the stringent liability actions resulting from negligence in this area. Partner Deborah Srour, who has internationally renowned experience in terror financing, has been called upon to draft legislation, and is one of the few attorneys globally with extensive knowledge in this particular area.
Our compliance and corporate governance clients include borrowers, commercial banks, credit unions, savings and thrifts, and holding companies. Our firm assists depositors, lenders, and borrowers in accordance with intricate state, federal and international banking statutes and regulations. Our attorneys' banking and finance experience includes:
- Commercial finance
- Asset-based lending
- Lending and secured transactions
- Loan workouts
- Mortgages and foreclosures
- International banking matters
In connection with financial matters, we also have handled claims involving:
- Breach of fiduciary duty, agency and good faith
- Breach of loan commitment
- Breach of trust and customers' deposits
- Equitable set-off and estoppels
- Improvident realizations/mismanagement of assets
- Lender liability after loan default
- Money laundering
- Negligent misrepresentation and bank reference letters
- Privacy and duty of confidence
Our clientele is varied. We are not afraid of risk. We have a broad group of clients in the alternate lending community who take on large risks for larger profits.
To see a sampling of the successful results Cox Padmore Skolnik & Shakarchy has achieved for clients, please click here...
Contact us at Cox Padmore Skolnik & Shakarchy. In New York, call 212.953.6633, in Colorado, call 303.839.9191, and in Jerusalem, call 972.2.586.2410.
