11/01/2020
Crypto Crime Enforcement Trends: The US Department of Justice steps up
The Framework examines the DOJ’s role in prosecuting related misconduct, including applicable federal statutes, key partnerships, and enforcement challenges.
Legal, Regulation & Compliance
10/30/2020
Hogan Lovells makes over 40 business services staff redundant
Like many other firms, it's a bit of a rollercoaster of ups and downs for staff due to the pandemic.
10/30/2020
FBI investigating Hunter Biden over money-laundering allegations
During a hastily scheduled press conference before the presidential debate, Bobulinski showed reporters three phones that spanned 2015 to 2018, saying they were evidence that he would provide the FBI.
10/30/2020
Law firms: is COVID-19 the catalyst for change?
Property, employment, family, private client, commercial and corporate law are all experiencing some increase in activity—with personal injury litigation as the outlier
10/30/2020
Proskauer Acts for Newbury Partners in Strategic Minority Transaction
Proskauer has represented Newbury Partners on a broad range of matters since its inception in 2006.
10/30/2020
IRS Releases Final Withholding Tax Regulations on Sales of Partnership Interests
This Legal Update provides an overview of the Final Regulations and highlights departures from the Proposed Regulations.
10/29/2020
St Kitts and Nevis' Citizenship by Investment Programme Offers Wealthy Americans a Plan B
Americans are looking for a safe and secure route to alternative citizenship offering a Plan B in the face of unpredictability.
10/29/2020
UK Regulators Fine Goldman Sachs International $126 Million for 1MDB ‘Failures’
The Financial Conduct Authority and the Prudential Regulation Authority said the firm allowed severe misconduct to go unaddressed.
10/28/2020
SEC proposes exemption from broker-dealer registration for finders
There will be a 30-day comment period on the prosed exemption, with comments due to the SEC by no later than November 12, 2020.
10/27/2020
First comprehensive digital asset wealth management platform receives regualatory clearance
Opalesque Industry Update - Two Ocean Trust, a Wyoming-chartered trust company that provides wealth management services for high-net worth individuals, family offices, and advisers, announced the launch of a comprehensive suite of digital asset products a
10/23/2020
Goldman is clawing back or cutting millions in pay from CEO Solomon, Blankfein and others over 1MDB
Goldman is seeking to claw back $76 million from the three former employees most implicated in the scandal, the bank’s board said Thursday in a statement.
10/23/2020
‘Government must lead again’ – US Impact Investing Alliance
The recommendations in that document, setting out how federal policy could spur the growth of impact investing, had had “a lasting impact”, said Seegull, with 80% of them acted upon.
10/23/2020
Canada aiming for high immigration levels despite coronavirus pandemic, Bloomberg reports
Even though travel is limited, Canada is expected to continue rising immigration targets beyond this year.
10/23/2020
US Regulators Propose a Rule to Distinguish Guidance from Regulation
The Agencies also reiterate that they will not issue an enforcement action on the basis of a “violation” of or “non-compliance” with supervisory guidance.
10/22/2020
JPMorgan Chase enters mPOS arena
JPMorgan Chase is taking on Square and PayPal with an app and contactless card reader linked to a business checking account.
10/22/2020
AMP Capital sees $2.1 billion outflows as scandal continues to bite
AMP copped a massive backlash after it was revealed money manager Boe Pahari was promoted to lead AMP Capital despite being fined $500,000 for sexually harassing a former subordinate colleague.
10/21/2020
African and US development financiers reaffirm their commitment to attracting greater private sector capital to Africa
They spoke during a panel event to discuss their organizations’ role in post-COVID-19 environment as part of a day-long public forum on investing in Africa’s future
10/21/2020
U.S. Banking Regulator Backs New Liquidity Requirements
FDIC board votes 3-1 to approve final rule for net stable funding ratio
10/20/2020
Goldman Poised to Pay More Than $2 Billion in DOJ’s 1MDB Probe
Deal to push Goldman’s tally of penalties to around $5 billion
10/20/2020
Decentralized Finance needs regulatory clarity and smarter compliance
As of mid-July 2020, according to the Bank for International Settlements report, at least 36 central banks have published retail or wholesale central bank digital currency work.