Managers of Wealth Americas

SEC Issues $1.8 Million Whistleblower Award to a Company Outsider

Marks 100th Individual Awarded Under Whistleblower Program

Managing the evolving compliance landscape facing multinationals

We take a closer look at the findings of the Global Business Complexity Index 2020

As bank giant's shares sink to new low, HSBC to face class action over money laundering claims

Class action lawsuits allow multiple claims against a single defendant.

The window for "easy" partnership amended returns for CARES Act benefits is closing

Real estate partnerships are probably most impacted, though others as well.

How the FinCen Papers provide an opportunity to improve the Suspicious Activity Report (SARs) regime

Buzzfeed has had these SARs for over a year.

EU-US Privacy Shield declared invalid – what's next?

To ensure transatlantic data flows between the EU and the US following this annulment, the EU Commission and the US government reached a new political agreement on the subject, following which the Privacy Shield decision was adopted in July 2016.

Saudi-based Islamic investment firm acquires West Michigan properties in joint venture

The portfolio includes a mix of tenants in the automotive, manufacturing and the telecommunications industries.

Secret documents reveal potential dark side of prepaid debit cards

In 2014, for example, Bank of America characterized Choice Bank as “an issuer of prepaid cards for program managers with inherently high risk.”

Anonymous SEC Whistleblower Earns $2.4 Million Award For Prompting Commission to Open Investigation

The SEC Whistleblower Program protects the identity of whistleblowers who submit reward claims with the Commission.

American Bank shares slip on report of over $2 trillion in money laundering

Aside from that, Monday’s money markets across the globe had witnessed a merciless tottering of the financial stocks following reveal of the leaked Government documents by the International Consortium of Investigate Journalists.

3 more ex-Wells Fargo execs face OCC bans or fines

The penalties follow settlements the OCC announced in January with three former Wells Fargo executives and charges issued against five former managers at the bank in connection with the 2016 scandal

Venezuela goes to court over £800m of gold held by Bank of England

The case challenges Britain's "unequivocal" recognition of opposition leader Juan Guaido as the nation's president.

BlackRock, JPMorgan climate votes at odds as new rules loom

The studies found BlackRock supported such resolutions around 10% of the time this year, about the same as in 2019.

U.S. Taxpayer In Panama Papers Investigation Sentenced To Prison

In addition to the prison term, Judge Berman ordered von der Goltz to serve three years of supervised release, to pay forfeiture in the amount of $5,373,609 and restitution in the amount of $3,448,848, and to pay a fine in the amount of $30,000.

Global bank crackdown in past decade may have failed to curb suspect dealings

The documents revealed on Sunday (Sept 20) shed light on a faulty system where banks complain about reports that get no follow-up from authorities, while critics say lenders are checking off boxes without taking meaningful steps to stop financial crime.

Legal, Regulation & Compliance