01/03/2017
Here's One Immigration Policy That Should Withstand President Donald Trump
Known as the investor visa, the EB-5 visa has been around since the 1970s.
Legal, Regulation & Compliance
01/03/2017
Former VP of Maryland Bank Charged with Bank Embezzlement and Wire Fraud for Alleged Six-Year Scheme to Steal over $1.8 Million
According to the criminal information, from April 2010 through July 2016, Strohman was Senior Vice President at a federal savings bank in Maryland, which had branches in Pikesville and Highlandtown.
01/03/2017
Odebrecht used offshore firms to transfer money to Peru
The case constitutes an unprecedented criminal scheme in Peru, unlike the ones usually processed in the country's justice system, such as collusion and cash payments.
01/02/2017
Lawsuit over Silicon Valley currency startup spills into Charleston
They say they paid and that the shares never arrived
01/02/2017
NY Expands Jurisdictional Reach Over Foreign Banks Using Correspondent Accounts
The majority found that Pictet “affirmatively act[ed]” by crediting the funds transferred first to the New York correspondent account
01/02/2017
Texas Rangers launch criminal probe into Dallas' pension shortfall
The inquiry also comes on the heels of a state report that said cities facing large pension crises, like Dallas and Houston, aren't likely to get financial help from the state.
01/02/2017
Don't Dismiss the Donald Trump Administration on African Policy
African nations should engage with incoming officials or risk losing out on investment and growth opportunities.
01/02/2017
Wells Fargo settles dispute with a group of black brokers
'We do not agree with the claims in the lawsuit"
12/30/2016
SEC Probes Banks’ Sale of Soured Mozambique Bonds
The SEC last month sent letters to bondholders asking them for documents provided by Credit Suisse
12/30/2016
Justice Department Reaches Final Resolutions Under Swiss Bank Program
Information Received Continues to Drive Civil and Criminal Enforcement Efforts
12/30/2016
State high court: Cities’ private lawyers’ bills can go public
The ruling was at least a partial victory for advocacy groups and media organizations seeking more public disclosure of government records.
12/27/2016
Protectionist Walls Are Popping Up…Around Banks
Financial regulators are increasingly focusing on shoring up their local banking systems
12/27/2016
Law Firms’ Accounts Pose Money-Laundering Risk
Hundreds of millions of dollars allegedly siphoned from Malaysian state fund 1MDB passed through firms’ pooled accounts in U.S., prosecutors say
12/26/2016
The arrests of 6 Platinum Partners executives aren't much consolation for their alleged victims
All six Platinum executives pleaded not guilty and an attorney for Shulse told Reuters he plans to do the same
12/26/2016
Whistleblower to testify in Wells Fargo case
Wells Fargo chief executive John Stumpf resigned in Oct after intense questioning before Congress
12/26/2016
Banks rush to cut deals over toxic mortgages
As a result, these banks may have benefited from paying billions less than once proposed.
12/23/2016
Alwar bank conmen by US agency for credit card fraud
They had used credit cards to book their tickets, which had since been blocked.
12/23/2016
Swiss Raiffeisen group pays no penalty in talks with U.S. DOJ
As one of the Swiss financial institutions that had not committed any offenses under U.S. tax law.
12/23/2016
Goldman to pay $120m to resolve benchmark manipulation probe
The settlement is the latest in a series of related cases
12/23/2016
United States Sues Barclays Bank to Recover Civil Penalties for Fraud in the Sale of Residential Mortgage-Backed Securities
The detailed allegations in the complaint describe Barclays’, Menefee’s, and Carroll’s misconduct in connection with RMBS securitizations Barclays underwrote between 2005 and 2007.