Managers of Wealth Americas

US Regulators Propose a Rule to Distinguish Guidance from Regulation

The Agencies also reiterate that they will not issue an enforcement action on the basis of a “violation” of or “non-compliance” with supervisory guidance.

JPMorgan Chase enters mPOS arena

JPMorgan Chase is taking on Square and PayPal with an app and contactless card reader linked to a business checking account.

AMP Capital sees $2.1 billion outflows as scandal continues to bite

AMP copped a massive backlash after it was revealed money manager Boe Pahari was promoted to lead AMP Capital despite being fined $500,000 for sexually harassing a former subordinate colleague.

African and US development financiers reaffirm their commitment to attracting greater private sector capital to Africa

They spoke during a panel event to discuss their organizations’ role in post-COVID-19 environment as part of a day-long public forum on investing in Africa’s future

U.S. Banking Regulator Backs New Liquidity Requirements

FDIC board votes 3-1 to approve final rule for net stable funding ratio

Goldman Poised to Pay More Than $2 Billion in DOJ’s 1MDB Probe

Deal to push Goldman’s tally of penalties to around $5 billion

Decentralized Finance needs regulatory clarity and smarter compliance

As of mid-July 2020, according to the Bank for International Settlements report, at least 36 central banks have published retail or wholesale central bank digital currency work.

Pandemic expected to push poorer Americans out of banking system

Complaints to the Consumer Financial Protection Bureau between March and July suggest many Americans are already being pushed to the edge of the financial system by the pandemic.

Carey Olsen advises Take Blip as Warburg Pincus invests US$100 million

Supporting Brazilian law firm Ulhoa Canto, the Carey Olsen team comprised partner Alistair Russell and associate Jenna Willis and advised Take Blip on the establishment of the Cayman structure and the financing arrangements with Warburg Pincus.

SIM card swap solutions could help prevent scammers from accessing your phone

One minute you're on your phone sending texts, the next your phone mysteriously shuts down without service.

Software CEO Robert Brockman charged in $2 billion tax evasion case

Brockman made an initial federal court appearance Friday, where he pleaded not guilty on all counts and was released on a $1 million bond, according to a report from the Wall Street Journal.

Brazil holding company agrees to pay $285 million to settle FCPA violations

JBS USA Holdings, Inc. owns 78.5 percent of Pilgrim’s Pride Corporation, one of the largest chicken-producing companies in the world.

KPMG launches legal department transformation offering

Global Legal Operations Transformation Services supports GCs to adapt to a new reality.

Billionaire Robert Smith to Pay $140 Million Over Tax Probe

Smith to cooperate, admit misconduct but won’t be prosecuted

OFAC Advisory Warns of Civil Penalties for Ransomware Payments

Ransomware has long been a concern for organizations, both in the United States and abroad, having crippled hospitals, municipalities, educational entities and private companies of all industries in recent years.

Use of Jersey and Guernsey Structures by US Managers Targeting European Capital

In the current politically driven regulatory climate, managers/promoters in the major US fund centres are increasingly looking for alternative ways to structure investment vehicles suitable for and acceptable to their European domiciled investor base.

Legal, Regulation & Compliance