Law firm Crowell & Moring has officially announced the addition of former chief counsel to the US Treasury Department’s Office of Foreign Assets Control (OFAC) Jason Prince, who joins the firm as partner in its international trade and financial services practice groups at its Washington, DC, office.
Prince will be advising clients on a rapidly progressing array of sanctions and trade agreements and is also set to provide guidance on internal investigations and voluntary self-disclosures from a corporate governance standpoint while also guiding clients in private equity as well as venture capital risks, mergers, acquisitions and cross-border investment opportunities.
“I was drawn to Crowell’s strong global platform and highly regarded international trade practice, as well as its skilled investigations team, as I anticipate we will see an increase in cross-border investigations” Prince said in an official statement. “I look forward to building my practice with lawyers who genuinely collaborate across practices and offices to help in-house legal and compliance teams of companies and financial institutions located around the world.”
“Jason has stand-out sanctions credentials due to his senior role at OFAC during a pivotal period and his years of private practice experience,” Nicole Simonian, who serves as co-chair of Crowell & Moring’s International Trade Group. “He was at the eye of the sanctions hurricane after Russia launched its full-scale invasion of Ukraine, helping to design the largest, fastest expansion of sanctions in our nation’s history.”
“The opportunity to obtain first–hand knowledge from one of the key legal architects of U.S. sanctions on Russia and other adversaries will greatly benefit our clients around the globe,” Carlton Greene, chair of the firm’s Financial Services Group added. “Jason can translate the complex regulations and sanctions for financial institutions and companies that devote substantial time and effort to trying to make contact with and get answers from OFAC.”