CONNIE FRIESEN provides regulatory and transactional advice to a wide variety of international and domestic financial institutions, including commercial banks and bank holding companies, trust companies, internet banks, securities firms, investment advisers and insurance companies. She counsels clients on compliance with U.S. domestic and international anti-money laundering laws and regulations and on the development of new financial services and the implications of various domestic and international bank regulatory considerations affecting them. She provides advice on the U.S. Bank Holding Company Act, the Dodd-Frank Act and the Volcker Rule and their consequences for international banks. Connie counsels banks on the appropriate responses to pending and actual regulatory enforcement actions and has developed comprehensive global compliance and corporate governance programs, as well as targeted anti-money laundering compliance programs for a number of international banks. She often assists international banks planning to open branches, agencies, representative offices, broker-dealers and finance companies in the United States. Connie is a member of Sidley’s Banking and Financial Services practice, which received the 2019 Chambers USA Award for “Financial Services Regulation.”
Connie is a member of the Sidley team serving as counsel to the Monitor appointed by U.S. and UK regulators in connection with the anti-money laundering compliance efforts of a major international bank with operations in more than 70 countries.
Connie has given special attention to securities and capital markets activities, syndicated lending transactions, medium-term note and commercial paper programs, and acquisitions and joint ventures involving U.S. and international institutions. She has assisted a number of international banks in developing appropriate structures for the cross-border conduct of banking and securities activities. She also has experience in working with international banks on a wide range of issues of supervisory concern, such as compliance with U.S. domestic and international anti-money laundering requirements, corporate governance, risk assessments and risk management, compliance testing and regulatory change management, cybersecurity issues and vendor management programs.
Connie has been recognized by Chambers USA in Financial Services Regulation, where clients regard her as “excellent at what she does” and “…a consummate professional. She’s a very good listener and able to take a good read on what’s required. She always delivers a superior product and has impressive analysis and presentation skills.” She has also been recommended in The Legal 500 US in Financial Services: Regulatory and is listed in Who’s Who Legal: Banking.