Managers of Wealth Americas

East Capital strikes advisory deal with LatAm firm

Credicorp Capital AM will be fully integrated into East Capital’s investment process

Final Rules May Help Companies Unintentionally Hit by Global Tax

The 2017 tax law includes a base-erosion provision related to global intangible low-taxed income. Treasury aims to finalize GILTI rules by June.

Why Canada Stands Out As A Money Laundering Haven

Canada's lax laws on identifying the true owners of property have made it a hot-spot for dirty money.

Court Rules Against Credit Suisse

A labor court in Geneva has now come to a pretty different conclusion, according to Neue Zuercher Zeitung.

FA Match Debuts Alliance of Firms Supporting Advisors

LifeYield, Oranj, Redtail and others have partnered with the digital recruitment platform to amplify its advisor-centric approach.

Fake heiress jailed for scamming New York

Her scams began soon after her arrival in the US, as which she insinuated herself into high-rolling New York social circles.

Congress hits new speed bump in effort to restrict shell companies

It was unclear whether the bill was in peril or will simply be voted on later.

U.S. indicts operators of 'dark web' drug referral service

Robert Johnson, an assistant director of the FBI, said DDW operated for years as a “key gateway to the criminal underbelly” of the so-called dark web, or Darknet, economy.

Brazil seeks bank executives in money laundering probe

It’s not immediately clear if the three have been arrested.

Govt Investment Control ‘Will Not Fly’ Under Wto

But Ramesh Chaitoo, one of the co-authors, said such a tariff “trade-off” could ultimately boost the Bahamian economy by removing an “opaque” approvals process that likely deters some investors due to the lack of transparency.

‘World-Renowned’ Whistleblower Sues Kevin Costner, Estée Lauder Billionaire for Alleged Fraud

The action stems from a dispute over Birkenfeld’s book, Lucifer’s Banker: The Untold Story of How I Destroyed Swiss Bank Secrecy.

Criminals and kleptocrats will find it harder to launder money in U.S. if bill passes

That’s one reason the U.K.-based Tax Justice Network last year named the United States the globe’s second most financially secretive jurisdiction, behind Switzerland and ahead of the Cayman Islands.

How the International Monetary Fund is waking up to the financial risks of the climate crisis

The paper stresses that mitigation instruments other than carbon taxes can have an important role if, for example, higher fuel prices are politically difficult or have limited impacts in countries that do not consume coal.

1MDB scandal: Malaysia sends ex-Goldman banker Roger Ng to US to face charges

Huge sums of public money were stolen from Malaysian state fund 1MDB and used to buy everything from yachts to artwork

Morgan Stanley to shut down its Russian banking business in first quarter 2020

Morgan Stanley is planning to send a formal notice to the Russian central bank that it will close down its banking operations in the country in the first quarter of 2020, its Russian unit said in its annual report.

Stevens First Principles Investment Advisors to Join Focus Partner Firm Benefit Financial Services Group

They will have access to the additional resources and infrastructure of BFSG to further enhance their clients’ experience and ensure continuity of service by joining a like-minded organization.

Citi closes CitiCross 'dark pool' amid equities unit review

Last month Citi reported a 24 percent drop in equities trading revenue in the first quarter due in part to lower market volumes, pressuring the bank’s overall revenue.

Investors start to sue broker-dealers that sold GPB private placements

Clients allege lack of suitability and due diligence by B-Ds

AMG Takes Stake in Alternative Fixed Income Manager Garda Capital

Garda has teamed up with the firm, which buys equity stakes in asset managers, to incentivize its next generation of leaders.

Billionaire paid $6.5 M bribe to get daughter into university: Report

The deal was brokered through a Morgan Stanley money manager and voila, Yusi became a sailing recruit guaranteeing her acceptance, according to accusations.

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