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Main office in Israel 4 Maskit Str., 6th floor, Herzliya Pituah Israel POB 4042, Herzliya Pituah, 4614001, Israel
Phone: +972 (9) 88 11 755
Main office in Israel 4 Maskit Str., 6th floor, Herzliya Pituah Israel POB 4042, Herzliya Pituah, 4614001, Israel
Phone: +972 (9) 88 11 755
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Banks, Сompliance and Sanction Law

At Elbert Nazaretsky Rakov & Co. law offices, we specialize in supporting our clients’ banking activities, particularly in Israeli and US banks. Our expertise lies in understanding the intricacies of international banking relationships, especially in the context of evolving international sanctions. These sanctions, including those introduced in 2022-2023 for Russian nationals, have significantly reshaped the landscape of international banking. Our team is adept at navigating these complexities, ensuring our clients’ compliance with stringent regulations such as Know Your Customer (KYC) and Anti-Money Laundering (AML) rules. We provide comprehensive support in these areas, helping our clients understand and navigate the often complex and challenging regulatory environment.

Our services extend beyond compliance, as we actively represent our clients in their communication with banks. Whether it’s account opening, international fund transfers, or addressing specific compliance issues, we provide comprehensive support. We assist our clients in meeting banks’ requirements, from collecting relevant documents to describing business activities, and clarifying the source of funds. Our team is well-versed in the banking systems of various jurisdictions, including Israel, and we leverage this knowledge to provide our clients with the most effective and efficient banking solutions.

The recent international sanctions, have added another layer of complexity to international banking. We provide guidance and support to our clients affected by these sanctions, ensuring they can navigate the changing landscape successfully. Our team is equipped to present our clients’ interests effectively and achieve their goals, making us a trusted partner in managing international banking relationships. We understand the challenges these sanctions present, and we work tirelessly to ensure our clients can continue their banking activities with minimal disruption. Our commitment to our clients extends beyond simply providing legal advice; we strive to be a strategic partner, helping our clients adapt to the changing banking environment and achieve their financial goals.