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September's FinCEN leak exposed fundamental flaws in AML compliance. Add this to the risk of financial crime posed by COVID-19 and compliance managers have their work cut out. This commentary from a risk specialist examines the response from regulators and banks to the leaked SARs and "what's next" for compliance managers.
The US-based firm's platform hosts investments such as private equity, credit, real estate and other “alternative” asset classes, and is part of a shift in how investors can obtain more access to areas previously the preserve of the ultra-wealthy or large institutions.
Global household wealth has proven remarkably resilient in the wake of the pandemic, showing a small increase in total wealth to the end of June. However, there are plenty of regional winners and losers in the details of Credit Suisse's annual report.
Firms may have congratulated themselves on how they've shifted to working from home, but there have been challenges such as protecting a firm's reputation when colleagues cannot interact with clients as much as they would like, and the fatigue caused by lockdowns and restrictions.
The author of this article argues that when analyzing markets today, the value of diversification is clearly on a cyclical upswing. Historically, these shifting asset class cycles often last for years. ...
Results for the wealth and personal banking division - which includes private banking - fell in the nine months to end-September, and also for the latest quarter from a year earlier. Group results were also down...
The latest senior moves in North American wealth management. ...
This is the fourth edition of a video series by this news service in partnership with international law firm, Kobre & Kim. ...
The US-based firm's platform hosts investments such as private equity, credit, real estate and other “alternative” asset classes, and is part of a shift in how investors can obtain more access to areas previ...
The Seattle wealth management sector has grown rapidly and its prowess is underscored by a number of M&A deals and launches. But as readers know, the city has had its share of problems. How should industry figur...
Political opinions, of any kind, can seriously reduce your investment returns. Anti-capitalism and nationalism are among the most harmful biases, but they are by no means the only ones. ...
What steps should family offices take to protect cybersecurity at a time when family and non-family members are working from home? Coping with a biological virus can actually increase the risks of falling victim...
A prominent figure in the North American wealth space ruminates on a spate of M&A activity, breakaways, and what this says about the state of the market. ...
What effect has the global pandemic had on the trend known as ESG investing? Is it a net plus for the idea or has it actually pushed the concept backwards? If the focus in the coming months is on how to raise gr...