Raymond Banoun, one of the leading business fraud litigators in the nation, is Co-Chair of the firm's Business Fraud Group. 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.
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 created and has chaired the American Bar Association's annual White Collar Crime National Institute, currently in its twenty-seventh year.