Fiduciary Gatekeepers in the Crosshairs
Trustees and family office professionals occupy a privileged vantage point in global wealth management—a position that increasingly carries sanctions exposure.
A recent enforcement action by the Office of Foreign Assets Control against a former U.S. government official serving as a trustee underscores how seemingly routine fiduciary conduct can result in a sanctions violation. This rare action targeting an individual fiduciary highlights the importance of vigilance and caution when engaging in relationships involving high-risk countries and individuals.
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Notice
Before proceeding, please note: If you are not a current client of Perkins Coie, please do not include any information in this e-mail that you or someone else considers to be of a confidential or secret nature. Perkins Coie has no duty to keep confidential any of the information you provide. Neither the transmission nor receipt of your information is considered a request for legal advice, securing or retaining a lawyer. An attorney-client relationship with Perkins Coie or any lawyer at Perkins Coie is not established until and unless Perkins Coie agrees to such a relationship as memorialized in a separate writing.