Managers of Wealth Americas

Malaysia to summon two Goldman Sachs units ahead of 1MDB case

On Monday, only the Singapore unit of Goldman Sachs appeared at a pre-trial hearing in a Kuala Lumpur court as a respondent.

UAE the hub of Panama's Middle East strategy, says ambassador

Dubai's non-oil trade with Panama amounted to $42m in 2018

Carey Olsen Bermuda's Ashley Fife to speak at Legal Week's Private Client Forum Americas

This year's conference features more than 30 speakers from 13 jurisdictions.

IRS shift on lump-sum payments unlikely to spur big DB plan rush

The announcement reverses a 2015 notice in which the IRS said it intended to amend the code to disallow lump-sum offers to participants already receiving benefits.

Canada Eyes Regulation of Crypto-Trading Platforms Amid Ongoing Quadriga Scandal

Currently, some platforms are subject to securities regulation depending on what crypto assets they trade and how they’re operated, but others are unregulated

FBI accuses wealthy parents, including celebrities, in college-entrance bribery scheme

Of the 50 people charged in the FBI's Operation Varsity Blues, 33 were parents, officials said, warning that the investigation is ongoing and that others could be charged.

How Wells Fargo Uses AI, Biometrics To Fight Money Laundering

Many banks, including JPMorgan Chase and Ally Bank, are experimenting with AI in this way to protect user data and money, and, for money laundering in particular, AI can flag fraudulent transactions with criteria that humans cannot see.

Brookfield-Oaktree Seen Spurring Deals Among Alternatives Firms

“If anyone is going to buy, it will be the smaller firms that will be bought,” said Gerald O’Hara, an analyst at Jefferies Financial Group Inc.

US citizens will need to register to visit Monaco starting in 2021

The United States has a similar system called the Electronic System for Travel Authorization, or ESTA.

SFC reprimands and fines Morgan Stanley Asia Limited $224 million for sponsor failures

Morgan Stanley did not have direct contact with Tianhe’s customers for the purpose of setting up due diligence interviews or confirming the mode and place of the interviews.

Israeli bank to pay $195M for US tax-avoidance scheme

The bank agreed to pay the government $53 million in restitution

Wells Fargo rebuked by regulator over risk management

OCC issues unusual public criticism of US bank’s response to recent scandals

Santander to deploy BlackRock’s Aladdin in LatAm

The firm is also hoping Aladdin will help re-position its asset manager as a competitive player for global institutional investors.

UK and US agree cooperation for derivatives clearing and trading after Brexit

Market participants can be assured of the continuity of derivatives trading and clearing activities between the UK and US, after the UK’s withdrawal from the EU, following this joint statement by the Bank of England including the Prudential Regulati

US Citizenship Specialists, American Dream, to Focus on Middle East Investors

EB-5 citizenship-by-investment programme extended until end of September 2019

Buffett's Wells Fargo Fined Over 20% of Bitcoin's Market Cap Since 2000

For all his Bitcoin-bashing bluster, Berkshire Hathaway’s Warren Buffett is hardly a bastion of business virtue.

Big banks abandoning lower-income neighborhoods – report

Between 2014 and 2018, banks have shut down 1,915 more branches in lower-income areas than they opened, according to Bloomberg.

Former Trump campaign chairman Paul Manafort sentenced to 47 months for tax and bank fraud

Manafort has been jailed since June, so he will receive credit for the nine months he has already served.

‘The Magic Money Tree:’ From Modern Monetary Theory to Modern Tax Theory

In its crudest form, a central bank can use special papers, inks and a printer, to create money.

Miami's Ultralat boosts int'l fund lineup

The Neuberger Berman, Schroders and Investec funds Ultralat will offer will come from each asset manager's Ucits range.

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