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András P. Teleki

Partner
Washington DC
+1.202.778.9477
Fax +1.202.778.9100

Primary Practice

Secondary Practices

Education

  • J.D., Tulane Law School, 1998
  • B.A., University of North Carolina, 1992, (Political Science)

Admissions

  • Bar of District of Columbia
  • Bar of New York

Languages

  • Hungarian
  • Biography Overview
  • Additional Background
  • Representative Work
Mr. Teleki focuses his practice on regulatory compliance issues facing registered investment companies, including mutual funds and closed-end funds, broker-dealers, investment advisers, unregistered funds, variable insurance product issuers and distributors, and related service providers. He also advises financial institutions on anti-money laundering and OFAC issues. Mr. Teleki also has experience in corporate governance and Sarbanes-Oxley issues. 

Professional Background

Prior to entering legal practice, Mr. Teleki owned and managed a small construction company specializing in custom home construction and remodeling.  He also worked in the commercial real estate division of Wells Fargo, where he conducted due diligence for commercial mortgage-backed structured finance projects.  He is proficient in Hungarian.

Professional/Civic Activities

  • Professional Member, Association of Certified Anti-Money Laundering Specialists
  • Member of NAVA

Speaking Engagements

Mr. Teleki writes and speaks frequently on anti-money laundering as well as the regulation of investment companies and variable annuity products.  He was a contributing author to the recently-published treatise Sarbanes-Oxley Planning & Compliance (2003, Thompson Publishing Group), and he serves on the faculty of the Glasser LegalWorks Mutual Fund A to Z  seminar.
Recent examples of his work include: 
  • conducting anti-money laundering program reviews for financial institutions;
  • responding to SEC staff deficiency and sweep letters;
  • winding down an insurance company’s variable insurance business;
  • negotiating Rule 22c-2 agreements for a major retirement platform provider and participation agreements for a new variable annuity product;
  • participating in a major overhaul of wrap program agreements and related ADV Part II disclosure;
  • converting several unregistered funds into registered funds;
  • participating in the representation of a large investment company complex in an investigation by state attorneys general and securities regulatory agencies with respect to market timing, supervision and fiduciary responsibilities;
  • developing and drafting tailored anti-money laundering compliance solutions (including policies, procedures, client intake forms and other items) for bank, broker-dealer, asset management and insurance company clients;
  • obtaining exemptive relief for mixed and shared funding for variable insurance products on behalf of a mutual fund complex;
  • monitoring legislative and regulatory developments relating to anti-money laundering and the USA Patriot Act; and
  • conducting training presentations for clients on anti-money laundering and OFAC compliance.
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