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July 29, 2015 — ZEK’s David Chenkin Quoted in Bloomberg Today on Changes to U.S. Senate Permanent Subcommittee on Investigations

ZEK’s David Chenkin was quoted in a July 29, 2015 article on Bloomberg Today regarding changes to the U.S. Permanent Subcommittee on Investigations. The article is titled, “Look Out, Washington: Goldman-Busting Senate Panel Now Sets Sights on Government.”

The article concerns the recent change in leadership of the Subcommittee from Democrat Carl Levin to Republican Rob Portman. Under Senator Levin, who retired last year, the Subcommittee probed the practices of such companies as Apple Inc., Credit Suisse Group AG and Goldman Sachs Group Inc. Sentor Portman has indicated there will be a shift in focus to the federal government, agencies and departments, rather than private industry.

Senator Levin and the subcommittee were the driving force behind many of the U.S. and worldwide initiatives to fight financial crime,” said David Chenkin, a defense attorney at Zeichner Ellman & Krause LLP in New York City, who has represented individuals and financial institutions that were the subject of the panel’s investigations. “They were responsible for the anti-money laundering portions of the Patriot Act, they helped to bring down the wall of Swiss and offshore bank secrecy and exposed the underbelly of global kleptocracy and abuse of the U.S. financial system.

Still Chenkin warns: “I don’t think corporate America is breathing a sigh of relief. It’s more like a wait-and-see attitude.”

The full article is available at the following link:
http://www.bloomberg.com/news/articles/2015-07-29/goldman-busting-senate-committee-shifts-from-wall-street-probes

For nearly forty years, Mr. Chenkin has represented global corporations and senior executives in complex litigation and government investigations. He has counseled clients in many significant investigations conducted by the United States Congress and by federal, state and local prosecutors and regulators. Chenkin is nationally recognized for expertise in anti-money laundering (“AML”)/financial crime compliance and is certified as an Anti-Money Laundering Specialist by ACAMS (which is not affiliated with any governmental authority). He also frequently collaborates with other firms whose clients face government investigations, financial crime/AML-related inquiries, civil litigation and prosecutions.

Attorney David B. Chenkin