08/08/2018
Manafort ex-business partner Rick Gates testifies they committed crimes together
The witness, who is cooperating with prosecutors, claimed he assisted Paul Manafort in filing false tax returns
Legal, Regulation & Compliance
08/08/2018
Former Barbados Government Minister Indicted in US for Money Laundering
The charges stem from his acceptance of bribes from a Barbadian insurance company in 2015 and 2016 when he was a public official.
08/07/2018
Saudi Arabia’s Spat With Canada Risks Backlash From Investors
Diplomatic dispute will also affect Saudi students currently in Canada
08/07/2018
Six global banks should face terror-funding claims by U.S. military vets - judge
Judge Pollak’s recommendation in Freeman v. HSBC must still be reviewed by the trial court overseeing the four-year-old case, presided over by U.S. District Judge Dora Irizarry.
08/07/2018
Pimco and BlackRock accused of subprime ‘profit gouging’
Founder of mortgage servicer Ocwen accuses asset managers of accelerating foreclosures
08/02/2018
NFA Proposes Interpretive Notice Mandating New Virtual Currency Disclosures
NFA recognizes that the requirements contained in the interpretive notice may need to evolve over time
08/01/2018
Former State Street executive avoids prison in U.S. fraud case
He was instead sentenced to one year of probation by U.S. District Judge Denise Casper in Boston
08/01/2018
US expats hand back passports to avoid tough tax rules
American expats must also file an FBAR form to let the IRS know about any foreign bank accounts they have with a balance of more than $10,000.
08/01/2018
Former HSBC Trader Wins Battle Against US Extradition
Scott's British ex-boss and alleged co-conspirator Mark Johnson -- once HSBC's head of global cash foreign-exchange trading -- was convicted last year.
07/31/2018
Blacklist, whitewashed: How the OECD bent its rules to help tax haven USA
Things have got a little more complicated though.
07/30/2018
Justice Department Announces Resolution With Swiss Financial And Asset Management Firm
In addition to providing services to individuals and entities based in Switzerland, at all relevant times, Mirelis provided custodial and independent portfolio and asset management services to U.S. taxpayer-clients.
07/27/2018
Sexual Harassment, Embezzlement Claims Settled by New York Hedge Fund
Snow Park Capital Partners has reached an agreement with the ex-CFO who accused her boss of sexual assault. Snow Park, in turn, claimed she stole thousands of dollars from the firm.
07/26/2018
Ex-Julius Baer Banker in U.S. Arrest
Besides Krull, a Colombian citizen was also arrested, and seven more are being sought.
07/25/2018
Legal experts say new SEC rule will hurt whistleblower program
The new rules would potentially limit the size of awards that whistleblowers are entitled to.
07/24/2018
Private Pension Product, Sold by Felon, Wipes Investors Out
Investors accuse Future Income Payments of taking them for more than $100 million
07/23/2018
Barclay Damon Bolts On 14-Lawyer Bankruptcy Firm
The combination of Menter with Barclay Damon is exciting news
07/23/2018
U.S. Censures UBS Over Its Anti-Money Laundering Systems
All Cease and Desist Orders, Civil Money Penalty Orders, and Removal/Prohibition Orders are issued with the consent of the parties, unless otherwise indicated as a Decision and Order issued by the Comptroller of the Currency.
07/19/2018
Deloitte Corporate Finance Advises ESP Associates
Deloitte Corporate Finance provided exceptional support throughout the deal process, providing guidance and advice as we considered all of our strategic options and identified a great partnership for ESP’s future.
07/19/2018
The Compliance Complexity Index 2018 - TMF
At the same time, legal and tax teams need to know what jurisdictions are complex for handling compliance issues.
07/19/2018
Swiss Private Bank fined by US Department of Justice
The IRS recently announced that the Offshore Voluntary Disclosure Program will close on September 28, 2018.