Managers of Wealth Americas

New Tax Transparency Rules for Digital Platforms introduced by DAC 7

The overall aim of this Directive is to improve administrative cooperation in the field of taxation and address the challenges posed by the digital platform economy.

Cryptocurrency users beware: IRS targets unknown taxpayers via John Doe summons

The summons require the crypto exchanger to produce records identifying all such taxpayers falling above this US$20,000 threshold, along with any documentation related to their cryptocurrency transactions.

U.S. Senate Banking Committee Probes Family Office Businesses

The letter was sent not only to those that suffered damages with Goldman Sachs and Morgan Stanley also receiving the inquiry.

Canaccord Genuity Group Inc. Announces Completion of Redemption of 6.25% Convertible Debentures

With the redemption of the convertible debentures, the weighted average number of common shares used for purposes of calculating diluted earnings per share will no longer include the dilutive effect of the convertible debentures and, as such, the fully di

Box announces strategic partnership with KKR, Including $500 million KKR-led investment

The investment from KKR is a strong vote of confidence in our vision, strategy, and continued efforts to increase growth and profitability,”

Linklaters advises Arrival on its SPAC transaction and trading on the NASDAQ Exchange

Arrival has developed a new method of designing and producing zero-emission vehicles using its proprietary hardware, software and robotics technologies and low cost microfactories.

Sanne enters into an agreement to acquire STRAIT

STRAIT’s proven management team and strong entrepreneurial culture are well aligned with Sanne’s own emphasis on service excellence.

An Asynchronous and Divergent Recovery May Put Financial Stability at Risk

The economic trauma would have been much worse if the global economy had not been supported by the unprecedented policy actions

FinCEN Launches Regulatory Process for New Beneficial Ownership Reporting Requirement

The CTA requires FinCEN to maintain the reported beneficial ownership information in a confidential, secure, and non-public database.

Baker McKenzie advises on US$410 million high yield bond issuance by Liberty Latin America's subsidiary VTR

J.P. Morgan acted as Global Coordinator and BNP PARIBAS, Credit Suisse, Deutsche Bank Securities, Goldman Sachs & Co. LLC, Morgan Stanley, Santander and Scotiabank acted as Joint Bookrunners in connection with the transaction.

RBC successfully completes sale of its Eastern Caribbean banking operations

This transaction will allow RBC to align investments and resources into markets where our vision for being the Caribbean’s digitally-enabled relationship bank can be executed most-successfully,” said Rob Johnston, Head of Caribbean Banking.

BofA, Deutsche, HSBC Bond Settlements Worth $96 Million Get Nod

“Success in complex cases such as this one is inherently uncertain, and there is no guarantee that continued litigation would yield a superior result.”

Costa Rican Banks Strengthen Themselves to Counter the Growing Digital Scams

Educational campaigns would help stop cyber criminals

US Appeals Court rules Andy Warhol Foundation violated copyright - its effect on collectors and museums

The Goldsmith case addresses a series of works that Andy Warhol created in 1984 depicting the musician Prince.

Finra Exacts Fines from Merrill, Cambridge Over Product Supervision

The LJM fund’s value plummeted 80% over two days in early February 2018, after brokers in the previous two years sold $18 million of its shares to more than 550 customers

Moelis to Give Young Bankers $10,000 Amid Elevated Workloads

Wall Street’s investment banks and private equity firms are looking to relieve workloads at a time when dealmaking has been elevated.

KPMG Agrees to $10 Million Deal with Female KPMGers In Lengthy Gender Discrimination Case

Nine named plaintiffs led by Donna Kassman filed a motion asking U.S. District Judge Lorna Schofield to approve the deal, which would resolve a hybrid class and collective action that started in 2011.

SEC Charges Pro Athlete Advisor With Fraud

The complaint further alleges that Elstun made unsuitable and risky investments in daily leveraged and/or inverse ETFs that were inconsistent with Elstun's clients' investment objectives and risk tolerances.

Canadian securities regulators outline regulatory framework for compliance for crypto asset trading platforms

“The guidance in our notice details steps platform operators need to take to comply with securities legislation as they prepare to fully integrate into the Canadian regulatory structure,” said Louis Morisset

Wells Fargo plans to bring workers back to office in September

Earlier this month, Goldman Sachs Group Inc Chief Executive Officer David Solomon told the bank's thousands of employees that he hoped to have them working in offices again by this summer.

Legal, Regulation & Compliance