Raymond Banoun is one of the leading business fraud litigators in the nation. A fellow of the American College of Trial Lawyers who has been named among the top litigators in the country by Lawdragon and recognized by Chambers USA, Legal 500, The Best Lawyers in America, US News and World Report, and other leading publications. He represents corporations and financial institutions, their audit committees, law firms, and executives in all aspects of criminal and civil enforcement matters; defends federal and state investigations, and in litigation, both pre- and post-indictment, including in whistleblower, False Claims Act and RICO actions in all courts. He has served, and serves, as outside compliance counsel to several international companies, and as a monitor as part of a Department of Justice corruption settlement. He regularly conducts compliance audits, formulates compliance programs, and advises with respect to their implementation and related governance issues.
Ray also has represented clients in matters involving the Foreign Corrupt Practices Act, money laundering and asset forfeiture, foreign bank secrecy, data privacy and blocking statutes, the anti-fraud provisions of the securities and commodities statutes, economic sanctions, export control and anti-boycott laws and regulations, criminal tax and antitrust violations, banking, healthcare, government procurement, and bankruptcy fraud. In 2013 he was recognized as an “FCPA Master” by Main Justice for his record of achievement in anti-corruption defense work. Ray also was recognized by Who's Who Legal's The International Who's Who of Business Crime Defence Lawyers in 2014.
He has represented companies and their executives and audit committees before the U.S. Department of Justice, U.S. Attorneys' Offices throughout the country, the divisions of enforcement of the Securities and Exchange Commission and the Commodity Futures Trading Commission, the Federal Reserve, the FDIC, the Treasury Department's Office of Foreign Assets Control and FinCen, the Internal Revenue Service, the various Inspectors General, Department of Defense suspension and debarment boards, the European Investment Bank, and U.S. Congressional Committees.
He is well-versed in the money laundering laws of the United States and foreign countries, including the USA PATRIOT Act and the Bank Secrecy Act and has co-authored a treatise entitled Money Laundering, Terrorism and Financial Institutions, published by The Civic Research Institute. He has conducted audits of U.S. and foreign financial institutions to ensure compliance with such laws, and devised remedial plans, policies, procedures, and forms to comply with laws and regulations in this area. He is also knowledgeable of foreign secrecy and confidentiality laws, European and other data privacy and blocking statutes, international mutual assistance and tax treaties. His expertise in these areas extends to Switzerland, England, France, Luxembourg, Hong Kong, Bermuda, the Cayman Islands, the Bahamas, Panama, and other European and Caribbean countries.
Prior to joining Cadwalader, he served for 13 years as an Assistant United States Attorney for the District of Columbia, where he headed the Fraud Division, and for three years as a Special Assistant to the United States Attorney for the Central District of California in Los Angeles. He was a partner at the Washington, D.C. firm of Arent, Fox, Kintner, Plotkin & Kahn where he chaired the Business Fraud Group. He also clerked for U.S. District Court Judge Harold H. Greene.
He served as Chairman of the American Bar Association Criminal Justice Section's White Collar Crime Committee, and as Chairman of the Business Crimes Committee of the International Bar Association's Section of Business Law. He is the founder and chair of the highly acclaimed American Bar Association's annual National Institute on White Collar Crime, currently in its twenty-ninth year.
News & Resources
•Cadwalader advises on Singapore dollar and RMB denominated bond issuances by mainland Chinese companies Nov 26, 2014
•World Recognition of Distinguished General Counsel Jun 02, 2011
•Cadwalader Attorneys, Practices Recognized in 2015 Edition of The Best Lawyers in America Aug 18, 2014
Clients & Friends Memos
•The Bribery Act 2010: Are You Ready? Jun 30, 2011
•Money Laundering, Terrorism and Financial Institutions
Money Laundering, Terrorism and Financial Institutions, co-authored by Raymond Banoun, covers terrorism, money laundering, and the USA PATRIOT Act
•White Collar Crime, 2011 - A Year in Review Jun 01, 2012
•ABA Section of International Law 2015 Spring Meeting Apr 27, 2015
•Eleventh Circuit Defines “Instrumentality” Broadly Under the FCPA May 19, 2014
SEC Enforcement Advisor
•SEC Announces Largest Ever Whistleblower Award, Awards $30 Million to Foreign Whistleblower Oct 01, 2014
White Collar Defense and Investigations Advisor
•AML Guidance Issued for Banks Seeking to Service Marijuana-Related Businesses Feb 27, 2014