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Nicole Sayegh Succar

Counsel

nsuccar@crowell.com
Phone: +1 (212) 803-4031
590 Madison Avenue
20th Floor
New York, NY 10022

Nicole Sayegh Succar is a counsel in Crowell & Moring’s New York office. She is a member of the firm’s International Trade Group and works closely with White Collar & Regulatory Enforcement Group. Nicole provides compliance counseling and investigations services related to U.S. economic sanctions, and the Bank Secrecy Act (BSA), and anti-money laundering laws (AML) and regulations. Nicole is a former sanctions officer with the Office of Foreign Assets Control (OFAC), the U.S. Treasury Department agency responsible for administering and enforcing economic sanctions. While at OFAC, Nicole handled complex matters relating to U.S. sanctions against Russia, Iran, North Korea, Cuba, and Syria.

Before joining Crowell & Moring, Nicole served as a senior vice president and head of U.S. economic sanctions advisory and previously a vice president in the financial crimes division, for one of the world’s largest international financial institutions. In her most recent role, she was responsible for sanctions advisory for the U.S. institution’s business units including global, domestic, private, retail and wealth management banking services. Her responsibilities included management of the bank’s response to sanctions issues related to customers and complex transactions and deals, drafting of responses to OFAC, including voluntary self-disclosures and administrative subpoena responses, and training of staff globally on U.S. Sanctions.

During her time in the financial services industry, Nicole also built key financial crimes compliance capabilities including robust policies, procedures, and due diligence processes, which were adopted across the global organization. Nicole’s success with the U.S. program earned her international assignments as the Asia regional head of sanctions and Latin America regional head of sanctions, where Nicole managed teams of compliance advisory, investigations and screening operations personnel, as well as the implementation of key compliance systems for customer and transaction screening. Through those assignments, Nicole gained invaluable experiences in implementing and managing a global financial crime compliance program across diverse international markets.

In her roles, Nicole also frequently interacted with, and provided formal responses regarding the state of the institution’s financial crimes compliance program, to OFAC, the Federal Reserve Board, the U.S. Treasury’s Office of the Comptroller of the Currency (OCC), and a monitor appointed by the U.S. Department of Justice (DOJ).

With her background at OFAC and financial institution experiences, Nicole offers a strong combination of insightful in-government and private industry experience in sanctions compliance that allows clients to pursue innovative and practical solutions to sanctions and other financial crimes issues.

Education

  • The George Washington University, B.A. International Affairs (2008) magna cum laude
  • The George Washington University, M.A. International Economic Policy (2013)
  • The George Washington University, J.D. (2013)

Affiliations

Admitted to practice: New York, New Jersey

Professional Memberships

  • Asian American Bar Association of New York (AABANY)
  • United States Council for International Business (USCIB)

View More

"Whistleblowing Under the Anti-Money Laundering Act of 2020," An FBA Qui Tam Section Zoom Roundtable (September 27, 2021). Speakers: Carlton Greene, Nicole Sayegh Succar.
Speech/Presentation
"Office of Foreign Assets Control (OFAC) Issues License For the U.S. Government and U.S. Government Contractors for Humanitarian Assistance in Afghanistan," Crowell & Moring’s International Trade Law (September 22, 2021). Authors: Jeffrey L. Snyder, Frances P. Hadfield, Anand Sithian, Nicole Sayegh Succar and Martín Yerovi.
Publication
"FinCEN and CFTC Announce $100 Million in Regulatory Settlements With Foreign Cryptocurrency Exchange for BSA Violations and Failures to Register," Financial Services Alert (August 25, 2021). Contacts: Carlton Greene, Caroline E. Brown, Anand Sithian, Nicole Sayegh Succar, Chris Murphy
Client Alert / Newsletter
"Agency Issues First National Priorities for Anti-Money Laundering and Counter-Terrorist Financing, Completes Assessment on Potential No-Action Letter Process, Provides 180-Day Update on AML Act Implementation, and Appoints First-Ever Chief Digital Currency Advisor," Crowell & Moring’s International Trade Law (July 15, 2021). Authors: Caroline E. Brown, Kelly T. Currie, Michelle Ann Gitlitz, Carlton Greene, Rebecca Monck Ricigliano, Anand Sithian and Nicole Sayegh Succar.
Publication
"FinCEN Issues Major Anti-Money Laundering Act Announcements and Appoints New Chief Digital Currency Advisor," Financial Services Alert (July 14, 2021). Contacts: Caroline E. Brown, Kelly T. Currie, Carlton Greene, Rebecca Monck Ricigliano, Anand Sithian, Nicole Sayegh Succar
Client Alert / Newsletter
"US Sanctions Policy-What’s Happened, and What Can We Expect from the Biden Administration?" ACAMS New York Chapter Webinar (May 13, 2021). Speaker: Nicole Sayegh Succar.
Speech/Presentation
"The 50% Rule, Indirect Sanctions Exposure & Risk Screening: Keeping up with Regulatory Expectations and Industry Best Practices," Kharon & KPMG Webinar (May 6, 2021). Speaker: Nicole Sayegh Succar.
Speech/Presentation
"FinCEN Seeks Comment on Beneficial Ownership Reporting Requirements," Administrative Law Alert (April 16, 2021). Contacts: Caroline E. Brown, Carlton Greene, Rebecca Monck Ricigliano, Laura Schwartz, Nicole Sayegh Succar, Allison Skager
Client Alert / Newsletter
"President Biden Imposes Additional Sanctions on Russia," International Trade Bulletin (April 16, 2021). Contacts: David (Dj) Wolff, Carlton Greene, Caroline E. Brown, Robert Clifton Burns, Nicole Sayegh Succar, Brian McGrath, Laurel Saito
Client Alert / Newsletter
"OFAC's First Enforcement Actions Against Digital Currency Service Providers," Administrative Law Alert (March 8, 2021). Contacts: Caroline E. Brown, Carlton Greene, David (Dj) Wolff, Nicole Sayegh Succar, Laurel Saito
Client Alert / Newsletter

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Crowell & Moring LLP is an international law firm with offices in the United States, Europe, MENA, and Asia that represents clients in litigation and arbitration, regulatory and policy, and transactional and corporate matters. The firm is internationally recognized for its representation of Fortune 500 companies in high-stakes litigation and government-facing matters, as well as its ongoing commitment to pro bono service and diversity, equity, and inclusion.

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