Diana Ingallinera Faillace

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Diana is senior counsel to the firm's Investment Management Group, where she advises private equity funds, venture capital funds, hedge funds, and portfolio companies. As leader of the firm’s AML team, Diana focuses her practice on the strategic analysis and application of anti-money laundering (AML), Know Your Customer (KYC), and other regulatory compliance frameworks with respect to the onboarding of private investment funds and other entities at financial institutions across North America, Europe, Asia, and Latin America, including trading relationships and registrations in emerging markets. 

Regulations governing cross-border transactions have become increasingly stringent in recent years in order to protect against the possibility of money laundering and other financial crimes; failure to comply with these rules can result in burdensome fines and other penalties that can severely damage a company. Diana works with clients to address and negotiate financial institutions’ compliance requirements. She helps streamline their ongoing processes, develop regulated protocols, and standardize applications in order to implement and maintain compliance with AML, KYC, Foreign Account Tax Compliance Act (FATCA), Common Reporting Standard (CRS), and other regulatory regimes.

She also provides advice on such issues as the development and review of policies and procedures, certifications and registrations, beneficial ownership and other due diligence disclosures, and other effective ways to mitigate risk and streamline compliance processes. Diana guides clients toward practical and efficient compliance solutions to address her clients’ specific trading needs so that compliance is an integral and supportive part of a streamlined onboarding process.    

Her recent representative matters include:

• Registering and onboarding client entities in India in compliance with Foreign Portfolio Investment (FPI) and other Indian regulations
• Onboarding clients in Latin America in connection with trading activities, including Brazilian 4373 account compliance

Diana previously worked as a securities and mergers and acquisitions lawyer at a global law firm and served as Vice President, Associate General Counsel, and Assistant Secretary for a drug development services company. Her extensive and varied experience adds valuable perspective to her work on a wide variety of corporate matters and agreements.