Managers of Wealth Americas

Fundsmith Extends Transfer Agent Relationship with SS&C

We look forward to working with SS&C, the world’s largest transfer agency provider, to constantly improve our customer service.

Refinitiv contracts with Clarity AI for SFDR reporting tool

There will be a total of over 20 indicators mapped, including 16 mandatory indicators. Additionally, templated PDF reports will be available and can be accessed to ensure ease of reporting to the regulators.

Judge Allows Media To Press FTX To Reveal Creditors

FTX’s request was objected by the US Trustee, part of the US Department of Justice, who said that transparency «helps protect against impropriety in bankruptcy cases».

VI Asset Management appoints Apex Group for private credit fund administration

VIAM is an established asset management group with over US$11 bn of AUM across multiple asset classes and key business centres in Hong Kong, Singapore, and South Korea.

Danske Bank reaches coordinated resolutions with the US and Danish authorities regarding the Estonia matter

Under the SCU resolution, Danske Bank has agreed to accept a fine and confiscation for violations of the Danish AML Act and the Danish Financial Business Act.

FinTech & Banking: A Comprehensive Guide to Client Onboarding

Onboarding is an essential aspect of the process of combating money laundering and terrorism funding, and it is a critical component in the implementation of financial security measures.

Merrill Broker Clears Record of Tech Stock Claim Settled by UBS 20 Years Ago

The arbitrator Tracy L. Allen appeared to sympathize with Schwartz’s account of the events.

Top-Ranked UBS Broker Clears Record of Unsuitable Trading Claims

In the older of the two claims, the customers had alleged the advisor churned the accounts, and sought unspecified damages.

Newpoint sues BMA for ‘rejecting acquisition of Citadel Re’

The BMA rejected its application on 30 September.

Mercer Advisors Buys $5 Billion RIA in Latest Deal

Mercer Advisors ranked among Barron’s Top 100 RIA Firms for 2022.

Grant Thornton names Digs with Dignity as its new Purple Paladin

Nonprofit provides furnishings to people transitioning from homelessness

Statement from State Street Corporation on Brown Brothers Harriman Investor Services Acquisition

The Sale and Purchase Agreement does not provide for a contractual penalty by either State Street or BBH in connection with this termination.

Wells Fargo joins Prime Partner bank program

Program boosts funding for legal aid in Texas

JPMorgan: Push to Regulate Crypto to Accelerate After FTX’s Collapse

Crypto derivatives trading is likely to shift to regulated venues, and the Chicago Mercantile Exchange is expected to emerge as a winner, the bank said.

How can UK or US courts protect your business from a ransomware or cyber-attack?

Anonymity was granted not only because the business was a victim of blackmail but because of the risk posed by the malicious use that its information could be put to in the wrong hands.

Clifford Chance advises Rabobank as major shareholder in Banco Regional on the merger of Sudameris and Banco Regional

The transaction is subject to regulatory approval and other conditions to closing.

JPMorgan, Deutsche Bank Sued by Epstein Accusers in New York

Class action style lawsuit accuses banks of enabling Epstein

Goldman Sachs to Pay $4 Million SEC Penalty in ESG Fund Case

Asset management unit didn’t follow policies, procedures: SEC

European regulator drafts guidelines for ESG fund names

The regulator is particularly focused on whether it makes sense to have quantitative thresholds for the minimum proportion of investments needed to support a fund with ESG or sustainability in its name.

Chubb Receives Regulatory Approval to Increase its Huatai Stake to 83.2%

The company expects the transaction to close early in the first quarter of 2023 and will provide additional information in the near future.

Legal, Regulation & Compliance