11/13/2019
Vancouver plans next step in real estate crackdown – a big watchdog
aving a single regulator for those areas will streamline investigations and enforcement, according to the government.
Legal, Regulation & Compliance
11/12/2019
Law Firm Revenues Rise as Demand Accelerates, Citi Reports
The first nine months of 2019 saw 5.1% revenue growth for a sample of 190 law firms.
11/12/2019
Canadian Securities Regulators and MAS Strengthen Cooperation in FinTech
The agreement sets out the framework of collaboration between the CSA members and MAS.
11/12/2019
JPMorgan boss says ‘greedy, selfish’ bankers ‘let the people down’ ahead of financial crash
Jamie Dimon says: ‘I believe there were people ... who were greedy, selfish, did the wrong stuff, overpaid themselves and couldn’t give a damn. Yes.’
11/11/2019
Europeans scramble for bank access due to US threats
The bank customers who received these letters were all "accidental Americans," people who automatically obtained US citizenship because they were born in the United States but who've lived their entire lives in Europe.
11/11/2019
IRS Says ‘Dozens’ of New Crypto, Cybercriminals Are Identified
“We have tools in place that we didn’t have six months or a year ago.”
11/11/2019
UBS Fined by Hong Kong for a Decade of Overcharging Clients
Bank is accused of overcharging clients in wealth management
11/08/2019
Kuwait- Freeze assets of those on US sanctions list
CBK moves to combat money laundering, terror financing
11/08/2019
Law Firms Trying Not To Go Bankrupt This Next Recession
The recession hit Biglaw hard and they aren't interested in going through that again.
11/07/2019
Merrill Lynch and Raymond James Must Pay $12 Million to Harmed 529 Plan Customers
RJA has agreed to pay more than $3.8 million in restitution, while RJFS has agreed to pay $4.2 million.
11/07/2019
US Treasury scales back Obama rules on offshore tax deals
The Treasury Department said the regulations, implemented in the final months of Obama's administration, are no longer necessary because of the 2017 tax law enacted under president Donald Trump.
11/05/2019
Ex-UBS FA With 201 Disclosures Forced to Appear in Finra Arbitration
In late October, the federal court in Puerto Rico ruled in favor of Carisalagen’s urgent request and ordered Lugo, whom the investment firm said has acted as its FA, to appear at a Finra hearing scheduled for this week.
11/04/2019
Manhattan condo cited in Nigeria corruption case listed for $7.1M
Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News
11/04/2019
Goldman Sachs 401(k) participant sues over alleged fiduciary lapses
The lawsuit accused the company of "failing to monitor and evaluate performance the performance of the plan's fiduciaries or have a system in place for doing so."
10/31/2019
Andersen Global Expands in Central America
The firm provides comprehensive legal advice in areas such as banking and finance, civil law, commercial law, corporate law, immigration, labor and employment, mergers and acquisitions, arbitration, litigation, maritime and tax.
10/30/2019
J. Safra Sarasin private bank under investigation in Brazil corruption case
The prosecutors have alleged that flaws within the Swiss private bank's compliance
10/30/2019
UBS Star Ex-Broker Wins $1.5 Million Gender Discrimination Award
At UBS, Carona was a member of the President’s Council, an elite club for top producers at the company, where she had managed more than $300 million.
10/30/2019
Banking companies are utilizing their Washington clout to stomp on the tech business
Bank lobbyists are seeking to leverage all those issues.
10/29/2019
American Kleptocrats Finally Feel the Heat
The House did something really big last week, and the Senate could actually follow suit soon.
10/29/2019
PRI asks signatories to join in effort to prod U.S. to act on responsible investment
The letter cites "a string of regulatory rollbacks under the Trump administration in recent years that have undermined policies on good governance, transparency and ESG integration in the investment process."