01/28/2020
Appleby To Sponsor And Speak At Canadin Technology Summit In Bermuda
The aim of the Summit is to align technology initiatives between the governments and businesses in Bermuda and Canada.
Legal, Regulation & Compliance
01/27/2020
Digital Assets: What to Do When the SEC Comes Calling
Below is a series of comments shared by the legal experts that participated in the WSBA/Linklaters forum on SEC investigations.
01/27/2020
U.S. bank regulator sharpens teeth on Wells Fargo, surprising critics
“You would get far more significant penalties from someone who has been in the business and is disappointed in what Wells Fargo has done,” said Thomas Vartanian, a law professor at George Mason University and former OCC official.
01/24/2020
State Street partners with alts fintech platform iCapital Network
A strong partner with a solution that addresses the needs of the investor, fund manager and investment advisors and distributors is critical.
01/24/2020
RollOnFriday Firm of the Year 2020 results reveal most lawyers are...happy
Over seven and a half thousand people from over 150 firms took part in the Firm of the Year 2020, rating how satisfied they were across six metrics: pay, career development, work/life balance, management, culture, and the office.
01/24/2020
Ex-Wells Fargo CEO banned from banking, must pay $17.5M fine for role in fake-accounts scandal
The OCC also announced charges against five other former senior executives of Wells Fargo and announced settlements with two others in a sweeping case covering alleged misconduct from the early 2000s through October 2016.
01/24/2020
New York Responds to TRansition from LIBOR
Given the risks associated with the termination of LIBOR, the Department requires that each regulated institution submits its transition plan to the Department by February 7, 2020.
01/24/2020
New York Enacts Zombie Property Law
If foreclosure proceedings have already commenced, file the necessary motions and paperwork to move the case to judgment foreclosure within three months
01/24/2020
Federal Reserve Publishes Fintech Risk Management Guidance
The guidance also provides several targeted risk management tips specific to online/mobile banking and fair lending risks
01/24/2020
Final Rules Issued On Reviews Of Foreign Investments In The United States – CFIUS
The new rules clarify and revise proposed regulations issued by Treasury last September
01/23/2020
Stifel Announces 2020 Partnership With Financial Women’s Association
The FWA partnership will bring even more opportunities for our female associates to collaborate, network, and expand their skillsets while also giving back to the community through mentoring.”
01/23/2020
US doctor sentenced to jail over Jersey tax cheat
"The defendant is a highly educated man who knew that the law required him to report all the income"
01/23/2020
New York state court rules that exercising an option to redeem a limited partners’ interests in a LIHTC partnership does not trigger a liquidation under the partnership agreement
Commercial Litigation Alert by Author(s): Louis E. Dolan, Jr. , Jamie Lee
01/22/2020
Offshore firm hit with $244,000 fine for unregistered trading
The ASC gratefully acknowledges the assistance of the British Virgin Islands Financial Services Commission in this matter.
01/22/2020
Nevis International Bank & Trust and Kroll Launch Global Collaboration on Best Practices Regulatory Compliance
The collaboration will allow NIB&T to leverage Kroll's expertise and augment NIB&T's footprint servicing a fast-growing private banking and corporate banking global clientele.
01/21/2020
Wall Street Wants to Conquer China. Here’s What May Go Wrong
China is home to the world’s four largest banks by assets, the biggest global fintech company and other formidable competitors.
01/21/2020
VitalityInvest and SEI launch new Global Multi-Manager fund range
The new Global Multi-Manager funds are available exclusively through VitalityInvest’s ISA, Junior ISA and Retirement Plan
01/21/2020
Millions up in smoke in cannabis scam
SEC Files Charges Against Scheme to Sell Fictitious Interests in Marijuana Company
01/20/2020
Global banks hit with £6.2bn in fines
This is double the amount, and nearly double the value, of penalties handed out in 2018, when 29 fines of $4.27bn (£3.2bn) were imposed.
01/17/2020
SEC Charges Individual with Acting as an Unregistered Broker
The SEC's complaint, filed in federal court in Minnesota, charges Lundervold with violating the broker-dealer registration provisions