Artificial intelligence (AI) has moved from novelty to necessity in record time. Professionals increasingly rely on AI to enhance efficiency and productivity. But assuming AI is the same as any other productivity tool in the context of legal advice and counsel now carries additional risk. On February 10, 2026, Judge Jed Rakoff of the U.S. District Court for the Southern District of New York (SDNY) ruled from the bench that neither the attorney-client privilege [...]

New York-based banker, Renat Abramov, pleaded guilty earlier this month to participating in a multi-defendant scheme to launder more than $8 million in fraudulently obtained Medicare reimbursements. According to the U.S. Department of Justice (DOJ)'s press release, this is the "first time the [Criminal Division's] Health Care Fraud Unit has charged and convicted a former bank employee for conspiring to launder health care fraud proceeds." Below, we discuss the case, the cross-agency investigation behind [...]

The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced a US$1.72 million civil settlement with a Florida-based elite boarding school and athletic training complex.1 The settlement resolved apparent violations of the Foreign Narcotics Kingpin Sanctions Regulations2 from routine tuition enrollment and payment activity involving sanctioned individuals. The following day, the Treasury Department's Financial Crimes Enforcement Network (FinCEN) announced the launch of a new, dedicated whistleblower portal to receive confidential tips relating [...]