05/15/2019
TB Sunridge Advisors Paves Way with Registration Approval to Manage Digital Assets
To be registered, TB Sunridge Advisors had to obtain various regulatory licenses, including filing numerous documents with the state securities board.
Legal, Regulation & Compliance
05/14/2019
Goldman Sachs applies for Tokyo banking licence
Investment bank to launch global cash management business as part of plan to diversify
05/14/2019
Legal Services Demand Drops in First Quarter of 2019 (1)
Demand was up 2.3 percent last year, and down .3 percent in the first quarter of this year.
05/14/2019
East Capital strikes advisory deal with LatAm firm
Credicorp Capital AM will be fully integrated into East Capital’s investment process
05/13/2019
Final Rules May Help Companies Unintentionally Hit by Global Tax
The 2017 tax law includes a base-erosion provision related to global intangible low-taxed income. Treasury aims to finalize GILTI rules by June.
05/13/2019
Why Canada Stands Out As A Money Laundering Haven
Canada's lax laws on identifying the true owners of property have made it a hot-spot for dirty money.
05/13/2019
Court Rules Against Credit Suisse
A labor court in Geneva has now come to a pretty different conclusion, according to Neue Zuercher Zeitung.
05/13/2019
FA Match Debuts Alliance of Firms Supporting Advisors
LifeYield, Oranj, Redtail and others have partnered with the digital recruitment platform to amplify its advisor-centric approach.
05/10/2019
Fake heiress jailed for scamming New York
Her scams began soon after her arrival in the US, as which she insinuated herself into high-rolling New York social circles.
05/10/2019
Congress hits new speed bump in effort to restrict shell companies
It was unclear whether the bill was in peril or will simply be voted on later.
05/09/2019
U.S. indicts operators of 'dark web' drug referral service
Robert Johnson, an assistant director of the FBI, said DDW operated for years as a “key gateway to the criminal underbelly” of the so-called dark web, or Darknet, economy.
05/09/2019
Brazil seeks bank executives in money laundering probe
It’s not immediately clear if the three have been arrested.
05/09/2019
Govt Investment Control ‘Will Not Fly’ Under Wto
But Ramesh Chaitoo, one of the co-authors, said such a tariff “trade-off” could ultimately boost the Bahamian economy by removing an “opaque” approvals process that likely deters some investors due to the lack of transparency.
05/09/2019
‘World-Renowned’ Whistleblower Sues Kevin Costner, Estée Lauder Billionaire for Alleged Fraud
The action stems from a dispute over Birkenfeld’s book, Lucifer’s Banker: The Untold Story of How I Destroyed Swiss Bank Secrecy.
05/08/2019
Criminals and kleptocrats will find it harder to launder money in U.S. if bill passes
That’s one reason the U.K.-based Tax Justice Network last year named the United States the globe’s second most financially secretive jurisdiction, behind Switzerland and ahead of the Cayman Islands.
05/08/2019
How the International Monetary Fund is waking up to the financial risks of the climate crisis
The paper stresses that mitigation instruments other than carbon taxes can have an important role if, for example, higher fuel prices are politically difficult or have limited impacts in countries that do not consume coal.
05/07/2019
1MDB scandal: Malaysia sends ex-Goldman banker Roger Ng to US to face charges
Huge sums of public money were stolen from Malaysian state fund 1MDB and used to buy everything from yachts to artwork
05/07/2019
Morgan Stanley to shut down its Russian banking business in first quarter 2020
Morgan Stanley is planning to send a formal notice to the Russian central bank that it will close down its banking operations in the country in the first quarter of 2020, its Russian unit said in its annual report.
05/07/2019
Stevens First Principles Investment Advisors to Join Focus Partner Firm Benefit Financial Services Group
They will have access to the additional resources and infrastructure of BFSG to further enhance their clients’ experience and ensure continuity of service by joining a like-minded organization.
05/07/2019
Citi closes CitiCross 'dark pool' amid equities unit review
Last month Citi reported a 24 percent drop in equities trading revenue in the first quarter due in part to lower market volumes, pressuring the bank’s overall revenue.