Managers of Wealth Americas

Ex-UBS broker first to be sentenced in fraudulent Puerto Rico bond sales scheme

I'm not here to blame anyone else

Canada moves to criminalise 'reckless' behaviour by advisers

This plan includes and amendment extending the offence of money laundering to include 'recklessness' as an alternative criterion for prosecution.

Citigroup Faces $1.2m Fine in Japan over Alleged JGB Manipulation

Based on its findings, the SESC made a recommendation to the Prime Minister and the FSA (Financial Services Agency) commissioner that an administrative monetary penalty payment order should be issued in regard to the alleged market manipulation.

Los Angeles Lateral Hiring Frenzy Is Not Slowing Down

Firms from outside of California continue to show interest in growing their LA presence.

Billionaire Michael Steinhardt accused of sexual harassment in NYT report

The former hedge fund founder denies touching anyone inappropriately.

Allston hedge fund manager gets lengthy sentence in Ponzi scheme

He told investors the fund was “earning substantial returns,” but it was actually “earning substantial losses,” by 2014, according to the statement.

Goldman Sachs to Cut 65 Jobs from its NYC Offices

The firm is eliminating 10 staffers in the commodities division, representing about five percent of the unit’s workforce

Walkers Bermuda to Speak at the Bermuda Executive Forum in New York

Walkers Bermuda* partner Jonathan Betts will also be in attendance.

SEC to focus on asset management competition

She stressed that the first step before considering policy changes is to "have a clear understanding of costs and benefits and pay careful attention to unintended consequences."

Appleby Bermuda partner joins industry experts to speak on captive insurance panel in New York

Gary will be participating in the panel entitled ‘Captive Insurance: Your Company’s Risk-Management Advantage’.

Manulife wins legal fight with hedge fund Mosten over insurance contracts

Manulife said on Monday that it was "pleased with the ruling."

Malaysia to summon two Goldman Sachs units ahead of 1MDB case

On Monday, only the Singapore unit of Goldman Sachs appeared at a pre-trial hearing in a Kuala Lumpur court as a respondent.

UAE the hub of Panama's Middle East strategy, says ambassador

Dubai's non-oil trade with Panama amounted to $42m in 2018

Carey Olsen Bermuda's Ashley Fife to speak at Legal Week's Private Client Forum Americas

This year's conference features more than 30 speakers from 13 jurisdictions.

IRS shift on lump-sum payments unlikely to spur big DB plan rush

The announcement reverses a 2015 notice in which the IRS said it intended to amend the code to disallow lump-sum offers to participants already receiving benefits.

Canada Eyes Regulation of Crypto-Trading Platforms Amid Ongoing Quadriga Scandal

Currently, some platforms are subject to securities regulation depending on what crypto assets they trade and how they’re operated, but others are unregulated

FBI accuses wealthy parents, including celebrities, in college-entrance bribery scheme

Of the 50 people charged in the FBI's Operation Varsity Blues, 33 were parents, officials said, warning that the investigation is ongoing and that others could be charged.

How Wells Fargo Uses AI, Biometrics To Fight Money Laundering

Many banks, including JPMorgan Chase and Ally Bank, are experimenting with AI in this way to protect user data and money, and, for money laundering in particular, AI can flag fraudulent transactions with criteria that humans cannot see.

Brookfield-Oaktree Seen Spurring Deals Among Alternatives Firms

“If anyone is going to buy, it will be the smaller firms that will be bought,” said Gerald O’Hara, an analyst at Jefferies Financial Group Inc.

US citizens will need to register to visit Monaco starting in 2021

The United States has a similar system called the Electronic System for Travel Authorization, or ESTA.

Legal, Regulation & Compliance