Managers of Wealth Americas

Mexican watchdog fines seven international banks for bond rigging

The trades were made between 2010 and 2013 and caused damage estimated to be worth 30 million pesos

Pension Consolidation: Optimizin Scale and Maximizing Efficiency

Public pensions, on the other hand, have generally continued to provide a reasonable retirement for their covered workers.

Shell Company Disclosure Exemptions Prompt Calls for Changes

Small business advocates say the new requirements unfairly target them and create extra costs and legal risks for companies that don’t typically pose a money laundering threat.

If Allowed by Regulators, Bank of America Could Return a Lot of Capital to Shareholders This Year

Simply put, Bank of America has more than $176 billion of common equity.

2021 outlook: M&A leads the economic recovery

For some, growth will come within industries, with market leaders strengthening their position as the economy continues to recover.

President Biden freezes FinCEN's proposed crypto wallet regulations

President Joe Biden has frozen all regulatory processes including proposed FinCEN rules detrimental to the crypto industry.

State Street to cut 1,200 jobs

The company booked an $82 million employee severance charge in the fourth quarter as part of the action, he said.

Agencies Issue Final Rules Clarifying Role of Supervisory Guidance

Rather, supervisory guidance outlines supervisory expectations and priorities, or articulates views regarding appropriate practices for a given subject area.”

Improving SARs effectiveness takes more than act of Congress

In 2020, financial institutions filed more than 2.2 million original SARs, according to FinCEN’s SAR Stats tracker, down slightly from the 2.3 million filed in 2019.

Arthur J. Gallagher & Co. Acquires Atlas General Insurance Services

Terms of the transaction were not disclosed.

Corporate Transparency Act Enacted Into Law

Under the Act, a reporting company must file certain information regarding its beneficial owners with FinCEN.

UK financial planning firm completes first M&A deal of 2021

Acquisition adds more than £60m funds under management to the group

US imposes $8.6m penalty on French-Arab bank for violating sanctions

Despite being aware of the measures imposed on Syria and its state entities, the bank reportedly was not aware that it was violating the sanctions by providing indirect means of money transfer.

Wall Street banks to delist derivative products linked to China Telecom, China Mobile and China Unicom in Hong Kong to comply with US sanctions

The delisted derivatives represent about 4 per cent of over 12,000 derivative products in Hong Kong

Legal, Regulation & Compliance