02/06/2013
HSBC's global spread left it open to crime: CEO
The probe made scathing criticism of HSBC's anti-money-laundering systems and found its lax controls allowed two drug cartels to move $881 million through the bank.
Legal, Regulation & Compliance
02/06/2013
$4.3 Million Arbitration Award Against GenSpring Family Offices
The team of Dovin Malkin & Ficken and Vernon Healy recently won a $4.3 million arbitration award against GenSpring Family Offices, a money management firm owned by SunTrust Bank, which offers investment advice and money management services to high and
02/05/2013
CFTC Orders The Royal Bank of Scotland plc and RBS Securities Japan Limited to Pay $325 Million Penalty
With this Order, the CFTC has now imposed penalties of more than $1.2 billion on banks for manipulative conduct with respect to LIBOR and other benchmark interest rates
02/05/2013
Final FATCA Regulations Released - Withers
The US Treasury Department has now released the long-anticipated final FATCA regulations, which build upon the foundation of the proposed regulations but contain some significant additions and modifications.
02/04/2013
Dangerous To Pay Two Execs $78 Million, Moody's Tells Jefferies
Moody’s thinks Jefferies Group‘s $78 million in pay for two of its top executives is a bad idea
02/04/2013
Financial crisis fallout: Justice Department set to charge S&P
The suit, which could be filed as early as this week, would allege that S&P fraudulently rated mortgage bonds
02/03/2013
Swiss tax haven is over
International tax services, apart from the American, will be able to collect data relevant from January 1, 2013.
02/03/2013
BlackRock Sued by Funds Over Securities Lending Fees
Defendants have systematically violated their fiduciary duties
02/02/2013
Rothwell Figg welcomes veteran litigator
He is a past president of the International Trade Commission Trial Lawyers Association.
01/31/2013
Prominent NY prosecutor enters private practice
He joins a growing list of government lawyers who have left public service for private practice.
01/31/2013
Credit Suisse loses bid to sever ex-National Century CEO from trial
Scheduled trial court ruling result.
01/31/2013
Cantor & Webb P.A. Shortlisted for Prestigious Industry Award
The PAM Awards are designed for investment professionals, wealth advisors and legal advisors operating within the private asset management and/or legal industry.
01/31/2013
U.S. Is Preparing More Tax-Evasion Cases
The U.S. is expanding its crackdown of offshore tax evasion
01/30/2013
Near-80-Year-Old Millionaire Pleads Guilty to Offshore Tax Evasion
An elderly heiress and charity benefactor pleaded guilty in a Florida courtroom
01/29/2013
Banks Believe Dodd-Frank 1073 Will Have Negative Impact, According to Fundtech Survey
Conducted in December 2012, the survey showed that nearly 90% of banks expect that Dodd-Frank 1073 will have a negative impact on their payments businesses.
01/29/2013
US pushes for criminal charges for RBS over Libor
RBS executives are resisting any guilty plea
01/28/2013
UBS Told by U.S. Judge to Give IRS Data on Wegelin
Those records will allow U.S. authorities to determine who held assets at Wegelin
01/28/2013
Ex-Jefferies Trader Accused of Fraud
Federal prosecutors in Connecticut have accused Jesse C. Litvak, 38 years old, of misleading investors
01/28/2013
Private Client Group transfers more than $1.2 billion in assets
Under the laws in place in 2012, an individual could transfer up to $5.12 million free of estate and gift tax
01/27/2013
Credit Suisse could owe $2 billion in National Century fraud: judge
Credit Suisse Group Inc faces a potential $2 billion of exposure over fraud that occurred a decade ago at National Century Financial Enterprises, a result of a federal judge's determination on how to apportion responsibility.