Facing competitive pressure from consulting firms and others, old law firms try to pick up new tricks.
The Anglo-Swiss commodities company published a 13-page investor update about its ethics and compliance program, which coincided with settlements it reached with various regulators.
Law firms are branching out beyond lawyers in a bid to beat out rival advisers, and the SEC confirms a probe into Elon Musk’s disclosure of Twitter stake. Also, the EY split-up plan exposes a rift among accounting firms.
Brian Nelson, the top U.S. counterterrorism finance official, said the expanding list of sanctions against Russia highlights money-laundering risks for investment advisers.
Officials with the U.S. Justice Department and Commodity Futures Trading Commission say they will continue to home in on crypto.
More insurers are offering coverage to cryptocurrency companies, hoping to profit from the industry’s rapid growth.
Arthur Hayes, a co-founder and former chief executive of cryptocurrency derivatives exchange BitMEX, has been sentenced to serve six months of house arrest for violating U.S. law by failing to establish a compliant anti-money-laundering program.