Managers of Wealth Americas

Corporate Transparency Act Enacted Into Law

Under the Act, a reporting company must file certain information regarding its beneficial owners with FinCEN.

UK financial planning firm completes first M&A deal of 2021

Acquisition adds more than £60m funds under management to the group

US imposes $8.6m penalty on French-Arab bank for violating sanctions

Despite being aware of the measures imposed on Syria and its state entities, the bank reportedly was not aware that it was violating the sanctions by providing indirect means of money transfer.

Wall Street banks to delist derivative products linked to China Telecom, China Mobile and China Unicom in Hong Kong to comply with US sanctions

The delisted derivatives represent about 4 per cent of over 12,000 derivative products in Hong Kong

Deutsche Bank pays nearly $125m to resolve US bribery and fraud claims

The order further finds that these payments were inaccurately recorded as legitimate business expenses and involved invoices and documentation falsified by Deutsche Bank employees.

SoftBank's SVF Investment Corp. Announces Pricing of $525 Million Initial Public Offering

The Company is sponsored by SoftBank Investment Advisers

MAC/MAE Clauses in the Context of COVID-19

There are certain features that can be distilled from the case law for a successful invocation of MAC/MAE clause to terminate an agreement.

More travelers look to second passports, dual citizenship to skirt pandemic restrictions

Second passports and dual citizenships have long been a hallmark of ultra-high net-worth individuals

The Drive for a Data-driven Global Subsidiary Services by Kariem Abdellatif

One does not have to look far to see the evidence of this.

Wells Fargo Announces Termination of AML-Related Consent Order

Building the right risk and control infrastructure and remediating our legacy issues remain our top priority

LPL hit with $6.5 million Finra fine over lax supervision

The sanction addressed failures to maintain proper oversight of advisers, which included a Ponzi scheme, according to the regulator

Cohen Ziffer Frenchman & McKenna Opens in New York

Cohen Ziffer Frenchman & McKenna LLP Opens with Over 20 Lawyers and Staff in New York

Latham Named Banking Group of the year

Firm honored by Law360 for prowess in representing banks in complex, cross-border litigation, transactions, and regulatory matters.

Renowned Law Firm Milberg Set to Expand in 2021

The combination of four leading plaintiffs' firms gives Milberg expanded ability to prosecute cases not only domestically, but worldwide.

The Year Ahead: Developments in Global Litigation and Arbitration in 2021

Our report features economic analysis from The Economist Intelligence Unit, and legal analysis from our team of more than 1,000 disputes specialists across 77 offices.

Former CEO Accused of Biggest Tax Fraud Ever Wins Transfer of Case to Houston

Judge orders case moved in part due to Robert Brockman’s treatment for dementia

Defense-Bill Override Paves Way for Overhaul of U.S. Anti-Money-Laundering Rules

The Senate voted 81-13 on Friday to override President Trump’s veto of the bill, which sets spending for defense operations and national-security programs for the 2021 fiscal year.

The Corporate Transparency Act in 2020: A new US federal reporting requirement for beneficial owners of US entities

These rules reflect a growing international trend to require disclosure of beneficial ownership and creates compliance similar to many other countries, including but not limited to Bahamas and Bermuda, for example.

The 2020 FCPA Enforcement Index

Five FCPA settlements have now reached a billion dollars or more, and it takes at least $585 million to even appear in the current top ten.

BNY Mellon wealth unit’s use of proprietary funds under scrutiny in client lawsuit

In certain accounts belonging to the couple, BNY Mellon-affiliated funds made up as much as 95% of their portfolio, according to the complaint.

Legal, Regulation & Compliance