Managers of Wealth Americas

Higgs & Johnson Extends Global Platform Through Collaboration with Andersen Global

This collaboration strengthens our commitment to our clients’ needs and further equips us to provide best-in-class solutions globally.”

ABA Cautions Against Unilateral Efforts to Reform CRA in Letters to Fed, OCC

The groups urged the OCC to publicly announce that it will coordinate with the Fed and the FDIC on a joint CRA rulemaking

Citibank can't get back $500 million it transferred by mistake - Judge rules

The law usually punishes those who spend money accidentally deposited in their accounts.

Cisco discloses investigation of alleged payments to foreign officials

It said the investigation isn’t expected to have a material adverse effect on its consolidated financial position, results of operations, or cash flows.

Bitcoin to hit fresh highs – but standby for regulator-triggered price swings

His warning comes as central banks and governments around the world ramp up their focus on digital currencies.

The State of Financial Crime 2021

Technology, regulation, and the future of financial crime compliance

American Dream: The European fintechs (hoping to) conquer the US

Is the American dream accessible for European fintechs, or has the pandemic put a spanner in the works?

No let up for law firms from the regulators

Partners and managers at law firms face a constantly shifting regulatory picture from the regulators as Covid-19 continues to make its presence felt both professionally and personally.

BofA Stock price – Bank of America, Citi trim CEOs’ pay

Citigroup noted the “extraordinary effect” on macroeconomic conditions in the US and globally.

Venezuelan tied to epic corruption case funneled millions into secretive Luxembourg companies

These Venezuelan defendants have been charged here because federal investigators have collected evidence showing they used the U.S. banking system and real estate market to hide their allegedly tainted assets.

US Beneficial Owner Disclosure Rule

A beneficial owner per the definition of the Act is any individual who, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise exercises substantial control over an entity, or owns or controls 25% or more of th

Maples Group Recognised as Montreal Top Employer

Winners were chosen for their commitment to providing crucial support to employees with a focus on health benefits, time off policies and support for local communities.

Financial Institutions Want More Clarity on Anti-Money-Laundering Changes

What changes will come as a result of the new rules and legislation was top of mind among the professionals surveyed, said Kieran Beer, chief analyst at ACAMS.

What Is the Fate of the New Marketing Rule for Investment Advisers?

This Legal Update provides further detail on the rule and discusses what may happen with it going forward.

Wealth managers await legal fallout in wake of $1.8B fraud case

Investigators say the investors are at risk of losing everything.

Jamie Dimon ignores his own advice about workers and shareholders

At the time, Dimon said that the new policy “will help to set a new standard for corporate leadership.”

BofA Divided as Bankers Cry Foul Over Special Bonus Treatment

People familiar with the situation described an internal drama unfolding over the past couple of weeks.

Bank of America divided as bankers cry foul over special bonus treatment

Bank of America is torn by long-simmering jealousies and divisions among its staff of more than 200,000, many dating back to the shotgun marriage with Merrill Lynch in the 2008 financial crisis.

Renouncing American Citizenship Hits All-Time Record

Adding fuel to the fire is FATCA, the Foreign Account Tax Compliance Act.

Ogier advises on $241.5 million ITHAX Acquisition Corp SPAC

The company’s units commenced trading on the Nasdaq Capital Market (Nasdaq) under the ticker symbol “ITHXU” on January 28, 2021.

Legal, Regulation & Compliance