11/06/2020
The Impact of SARs Disclosures on Financial Institutions
The surprising releases of information from Suspicious Activity Reports (SARs) that were filed with the Financial Crimes Enforcement Network have sent shockwaves through the financial industry
11/06/2020
In unveiling their legislation—dubbed the Securing a Strong Retirement Act of 2020—Neal and Brady stressed that strengthening Americans’ retirement security is a goal shared by both parties and that enactment of the long-stalled SECURE A
11/06/2020
Disruptions may come from any type of internal or external operational risk and include technology-based failures, cyber incidents, pandemic outbreaks, and natural disasters.
11/06/2020
It’s not the first time Guo has brought such a lawsuit, after failing to get the claim heard in New York.
11/05/2020
OFAC advisory notice highlighting potential sanctions risks stemming from dealing in high-value artwork
The Government usually takes this step—issuing a warning—as a precursor to embarking on some sort of action so that a target cannot later complain that it was not put on notice of the risks associated with violating a sanction.
11/05/2020
The lawsuit also alleged the company did not ensure there was a path to fair pay.
11/04/2020
According to charges here unveiled by the Department of Justice's Manhattan office, Chalk used the "Cash" name to hide a decade-old conviction for fraud-related offenses in New York.
11/04/2020
A JPMorgan spokeswoman declined to comment. An OCC spokesman also declined to comment on the bank’s disclosure.
11/04/2020
It will pay an additional 50% of T-12 to brokers who transfer 70% of their assets by the end of their sixth month, and another 30% at the end of each of their first, second and third years for hitting further asset-growth targets.
11/04/2020
In particular, these regulations limit the situations in which taxpayers are prevented from claiming foreign tax credits attributable to base difference items.
11/03/2020
This transaction will help expand our local presence with a partner that represents an ideal strategic and cultural fit for our firm.
11/03/2020
Ron van Wezel, senior analyst for the Aite Group, says privacy and data protection are becoming central to bank policies.
11/03/2020
This Legal Update provides further detail on this development, which banks and advisers involved in the operation or maintenance of collective or common trust funds would be wise to carefully consider.
11/01/2020
The Framework examines the DOJ’s role in prosecuting related misconduct, including applicable federal statutes, key partnerships, and enforcement challenges.
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
This Legal Update provides an overview of the Final Regulations and highlights departures from the Proposed Regulations.
10/29/2020
Americans are looking for a safe and secure route to alternative citizenship offering a Plan B in the face of unpredictability.