10/12/2018
Basel AML Index reveals slow progress in combating money laundering
The findings tie into recent high-profile probes involving countries generally considered low-risk.
Legal, Regulation & Compliance
10/12/2018
Tax, Fiduciary and Philanthropic Requirements in 60 Countries - RESEARCH
A similar report was first produced by the two organizations in 2015.
10/11/2018
Ex-Wilmington Trust execs avoid life sentences; face possible decade in jail
During the two-month trial, prosecutors showed the crimes contributed to the demise of the once-venerable Delaware institution and with it the loss of millions of investors' dollars.
10/11/2018
Tighter Monetary Policy Likely to Shape the Markets Through 2018 and Beyond
Once the Fed reaches its neutral rate, monetary policy will have a greater impact on the direction of the economy and markets.
10/11/2018
Frank Stronach suing daughter Belinda over family fortune
New Jersey’s Throroughbred Daily News broke the news after obtaining a 73-page lawsuit from the Ontario Superior Court of Justice.
10/11/2018
NY fines UAE's largest bank over lax money-laundering safeguards
DFS Examinations Found Multiple Deficiencies in the Bank’s Compliance with Anti-Money Laundering Laws and Office of Foreign Asset Controls Regulations
10/11/2018
PA accused of stealing Goldman CEO’s wine jumps to his death
He was accused of stealing hundreds of bottles of wine from Solomon between 2014 and 2016.
10/09/2018
Wells Fargo Sued for Breach of Fiduciary Duty in Churning Allegations
It also highlights a dubious practice of securing multiple insurance policies for a client.
10/08/2018
KPMG in Canada and Agentis Capital form strategic alliance
Collaborative agreement expands services offering for existing and new infrastructure clients
10/05/2018
Judge Rules Racial Bias Claim Against Bank Must Go to Private Arbitration
The New Jersey resident said he was given negative performance reviews, denied raises and bonuses, deemed too “verbose,” and subjected by a supervisor to the nickname “Johnny” because of his race.
10/04/2018
Global Financial Institutions Fined $26 Billion for AML, Sanctions & KYC Non-Compliance Since 2008 Financial Crisis
Over the past ten years, regulators across the US, Europe, APAC and the Middle East have levied nearly $26 billion dollars in financial penalties against financial institutions for AML/KYC and sanctions-related violations.
10/03/2018
TMF Group launches Retirement Scheme for US expats
First of its kind scheme for US permanent residents and citizens employed outside of the USA.
10/02/2018
U.S. Takes on Russia’s Favorite Money Haven: Cyprus
Washington regulators crack down on money laundering in the tiny Mediterranean island in a bid to check Moscow’s power in Europe
10/02/2018
Elon Musk steps down as Tesla chair
SMSF stock darling Tesla Inc. is set to see a board revamp after Elon Musk settled a tweet-led securities fraud charge with the US corporate regulator.
10/02/2018
Julius Baer Has Law Firm Look at Panama Banker Accounts
One of the people said Krull has privately conveyed to the bank that he didn’t use Julius Baer accounts to launder Petroleos de Venezuela S.A. money.
10/01/2018
Another U.S. Fine for Credit Suisse
The SEC’s order also finds that although Credit Suisse touted “robust” and “enhanced” price improvement on orders, RES’s computer code treated orders for which execution quality is required to be publicly reported diffe
09/30/2018
California turns up the heat on climate change disclosures
New law requires big pension funds to provide more information on environmental risk
09/28/2018
Miami-based boutique law firm expands global compliance practice
Herbello is fluent in English and Spanish and experienced in drafting contracts and policies in both languages.
09/28/2018
Banker’s Arrest Puts Boom Years Under Scrutiny at Swiss Bank
Julius Baer is clamping down after a series of run-ins involving Venezuelan oil money, FIFA bribes and arms sales to Russia.
09/27/2018
Sadis & Goldberg Wins "Best North American Law Firm"
Working with over 1,000 funds, the firm is actively involved in the most current legal trends in the industry.