Managers of Wealth Americas

Maryland Advisor Charged With Draining Elderly Client of Retirement Savings

The DOJ charged Eddy Blizzard with wire fraud and aggravated identity theft. The alleged crime caused the victim's house to go into foreclosure.

Full Speed Ahead: Post-Pandemic Trends in M&A

Cross-border deals have also contributed significantly to the recent growth in M&A activity.

Credit Suisse Sued in U.S. Over Recent Botches

Credit Suisse is grappling with the fallout from the $10.1 billion shutdown of Greensill supply chain finance funds and a $4.7 billion loss booked from the downfall of Bill Hwang’s hedge fund-style family office Archegos.

Pair of AML experts charged in US over $1bn of high-risk transactions

Asre and Ofer allegedly transferred more than $1bn (€835 M) in such transactions, including hundreds of millions of dollars originating abroad, through the NYSEFCU and other entities.

Citigroup to seek licences for new wholly-owned securities business in China

American bank is the latest foreign lender to seek expansion in China as the country further opens up its financial markets

Billionaire Robert Smith’s Lawyer Kepke Charged in Tax Case

Kepke allegedly helped Smith avoid taxes through entities

Ridge Barker comments on the SEC's latest guidance on special purpose acquisition companies

Ridge adds that a slowdown in SPAC activity could last two months given the agency’s latest accounting advice.

Financial Sector Reform Program Curaçao and Sint Maarten

The analysis has also revealed the need for legislative and regulatory reforms in the areas of intervention, enforcement, and resolution.

Carey Olsen supports Kavak on latest funding round as it hits US$4 billion valuation

Working alongside onshore counsel Gunderson Dettmer, the Carey Olsen team advising Kavak on the Cayman law aspects of its latest financing round was led by corporate partner Alistair Russell, assisted by associate Emily Cornhill.

US Corporate Transparency Act

The CTA does not specify how trusts and partnerships are to be treated.

Front Page Story and Back Page Correction: IRS Clarifies Its Public Cryptocurrency Position in Internal Guidance

Hard forks could be treated as sales or exchanges, but it’s unlikely that the new blockchain would differ materially in kind and extent so as to be treated as a taxable sale or exchange.

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

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