02/12/2021
A beneficial owner per the definition of the Act is any individual who, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise exercises substantial control over an entity, or owns or controls 25% or more of th
02/11/2021
Winners were chosen for their commitment to providing crucial support to employees with a focus on health benefits, time off policies and support for local communities.
02/11/2021
What changes will come as a result of the new rules and legislation was top of mind among the professionals surveyed, said Kieran Beer, chief analyst at ACAMS.
02/11/2021
This Legal Update provides further detail on the rule and discusses what may happen with it going forward.
02/10/2021
Investigators say the investors are at risk of losing everything.
02/10/2021
At the time, Dimon said that the new policy “will help to set a new standard for corporate leadership.”
02/08/2021
People familiar with the situation described an internal drama unfolding over the past couple of weeks.
02/08/2021
Bank of America is torn by long-simmering jealousies and divisions among its staff of more than 200,000, many dating back to the shotgun marriage with Merrill Lynch in the 2008 financial crisis.
02/08/2021
Adding fuel to the fire is FATCA, the Foreign Account Tax Compliance Act.
02/05/2021
The company’s units commenced trading on the Nasdaq Capital Market (Nasdaq) under the ticker symbol “ITHXU” on January 28, 2021.
02/05/2021
He had been managing about $143 million for 352 clients when he left the bank.
02/02/2021
AIG will also transfer the handling of such transactions to a New York-based subsidiary, the regulator added.
02/01/2021
Legal, regulatory, and political systems have changed so radically over the last decade that storied jurisdictions are quickly losing their usefulness and relevance.
01/29/2021
U.S. Corruption Levels At Their Worst Since 2012
The CARES Act coronavirus relief package, rolled out in March, disproportionally helped millionaires thanks to a tax loophole.
01/29/2021
The US beneficial ownership law has its weaknesses, but it’s a seismic shift
Due to the limited scope of the Corporate Transparency Act and numerous exceptions in its application, we cannot yet conclude that the US is practicing effective beneficial ownership registration.
01/29/2021
Kennedy Lewis Investment Management Closes Second Opportunistic Credit Fund with $2.1 billion of Commitments
The Firm also partners with high growth companies that are causing disruption, providing structured capital solutions to fit their needs.
01/28/2021
The law specifies that, as of January 1, resident taxpayers who provide digital services are subject to income tax and VAT.
01/28/2021
With flexible technology and extensive connectivity to post-trade applications, the solution will allow firms to leverage the benefits of a central clearing model while freeing up credit lines
01/28/2021
Charles Kenahan, a former Merrill Lynch broker, who was at the center of Merrill Lynch paying out over $66 million in two settlements over client allegations of unauthorized and excessive trading, has been barred by FINRA.
01/27/2021
Throughout 2020, consumers reported average losses of £45,242 when investing with fraudsters imitating genuine investment firms.