07/21/2021
Ex-Goldman Sachs banker in 1MDB corruption case gets smaller ankle bracelet
Ng is on probation pending trial in Brooklyn federal court where he stands accused of conspiring to violate an anti-bribery law and launder money.
Legal, Regulation & Compliance
07/20/2021
UBS Settles Charges Related to Investments in Complex Exchange-Traded Product
More Than $8 Million Returning to Harmed Investors as Part of Ongoing Risk-Based Initiative
07/20/2021
SEC Files Charges in Multi-Million Dollar Fraud Involving Two Companies
The SEC’s complaint charges Govil with violations of antifraud provisions of the federal securities laws
07/20/2021
US Federal Agencies Release Public Sections of Resolution Plans for Eight Large Banks
By regulation, resolution plans must be divided into public and confidential sections.
07/20/2021
Treasury issues ‘priorities’ required by AML Act, experts cite minimal value to compliance
The priorities reflect the U.S. government’s view of the threat landscape
07/19/2021
A scandal cost Brazil billionaire bank CEO his job, but not control
The Esteves revival gained strength after he was first exonerated in one of Brazil's "Car Wash" corruption inquiries in July 2018.
07/19/2021
Ogier represents DCP Capital, Ocean Link and Rick Yan
Under the terms of the agreement and plan of merger, on completion, 51job will merge with Garnet Faith Limited, a Cayman Islands company controlled by the investor consortium
07/19/2021
Treasury Committee publishes recommendations report on net zero and future of green finance
After another stormy set of inflation data from the US last week, inflation appears to have still not peaked, and there is less support for the view that it will prove transitory.
07/19/2021
Dentons launches combination with Paz Horowitz Abogados in Ecuador
While some of the best companies in the world have made growth key to their success, Dentons is the first and only law firm to do so.
07/18/2021
Bank of America approves Bitcoin futures trading for select clients
Recall that the bank recently launched a cryptocurrency research team dedicated to researching cryptocurrencies and related technologies.
07/16/2021
SEC Charges SPAC, Sponsor, Merger Target and CEOs for Misleading Disclosures
The SEC filed a separate litigated action against Kokorich.
07/16/2021
UBO in the USA: reporting requirements on the horizon
Businesses will need to keep abreast of developments or enlist the support of a third party who can keep them informed, or even handle compliance obligations on their behalf.
07/16/2021
US flags Maltese pension plans as ‘potentially abusive’
Government body warns they may be facilitating tax avoidance
07/15/2021
LCR Wealth Management Now an SEC Registered Investment Advisor
"Tom has done an amazing job setting up LCR Wealth and I can see why his clients trust him. He is always focused on their best interests."
07/15/2021
Haute Lawyer and Michael Kosnitzky Renew Their Partnership For a Second Year
Acclaimed lawyer Michael Kosnitzky and Haute Lawyer renew their partnership for a second year. As a Haute Lawyer member, Kosnitzky represents the law market of New York.
07/14/2021
America’s elite law firms are booming
A frenzy of corporate dealmaking and looming regulation make for a legal-services bonanza
07/09/2021
Colorado’s New Data Privacy Law: Comparing to Other States and Looking Ahead
This Legal Update discusses key elements of the CPA and how they resemble or differ from those of the California Consumer Privacy Act (“CCPA”), the California Privacy Rights Act (“CPRA”), and the Virginia Consumer Data Protection A
07/09/2021
US Department of Justice: Cryptocurrency Fraudster Sentenced for Money Laundering and Securities Fraud in Multi-Million Dollar Investment Scheme
Trial Attorney C. Alden Pelker of the Criminal Division’s Computer Crime and Intellectual Property Section and Assistant U.S. Attorney William Frentzen of the U.S. Attorney's Office for the Northern District of California prosecuted the case.
07/09/2021
Canadian Securities Regulators Sign Innovative Functions Co-Operation Agreement with The Securities and Futures Commission of Hong Kong
The agreement extends the work of the CSA Regulatory Sandbox Initiative and of the SFC Fintech Contact Point.
07/09/2021
On the Rise: Distributed Autonomous Organizations ("DAOs")
One of the risks with DAOs was the uncertainty as to how they would be treated under the legal system.