Financial services
ASIC has banned financial adviser Andrew Rankin from providing any financial services, controlling an entity that carries on a financial services business, and performing any function involved in the carrying on of a financial services business for four years due to his failure to act in the best interests of
Financial services
Dimensional Fund Advisors, in its capacity as investment advisor and on behalf of its affiliates, has filed a Form 8.3 disclosure with the UK's Takeover Panel, revealing its holdings in ME Group International Plc. The disclosure, dated 15 August 2025, states that Dimensional Fund Advisors holds 4,
Financial services
The Privatisation Commission has made a significant step towards the privatisation of Zarai Taraqiati Bank Limited (ZTBL), a major agricultural lender in Pakistan. The commission has signed a Financial Advisory Services Agreement with a consortium led by Next Capital Limited, which includes several other financial advisory firms. This move reflects
Financial services
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) has issued an order providing exemptive relief for investment advisers (IAs) from compliance with the Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) program requirements. The IA AML Rule, which was set to take
Financial services
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) has recently made a significant change to the effective date of the Investment Adviser Rule. In a move aimed at providing relief to affected parties, FinCEN has announced a two-year delay in the implementation of the
Financial services
The Trump Administration has caused a stir in the compliance community by delaying the implementation of anti-money laundering (AML) rules initiated by the Biden Administration. FinCEN announced that it will delay the effectiveness of the Investment Adviser AML Program Rule until January 1, 2028, and plans to revisit its scope
Financial services
Dimensional Fund Advisors Ltd. has disclosed its holding in International Personal Finance PLC on 30 July 2025. As of this date, Dimensional held 6,560,666 shares, representing 2.99% of the company's total shares. The company has also disclosed its intention to purchase and sell shares in
Financial services
The Financial Crimes Enforcement Network (FinCEN) has announced a two-year delay in the effective date of the investment adviser anti-money laundering rule (IA AML Rule), pushing it back from January 1, 2026, to January 1, 2028. This delay is intended to allow FinCEN to revisit the scope and substance of
Financial services
The Financial Crimes Enforcement Network ("FinCEN") has announced its intention to postpone the effective date for its anti-money laundering and counter-terrorism programs ("AML/CFT Rules") for investment advisers. The new deadline will be January 1, 2028, a two-year extension from the original January 1, 2026, deadline.
Financial services
The 2025 Investment Management Compliance Testing (IMCT) Survey, released by Investment Adviser Association, ACA Group, and Yuter Compliance Consulting, reveals that Artificial Intelligence (AI) has emerged as the leading priority among compliance officers. This year's results highlight a rapidly evolving regulatory landscape, with AI, Anti-Money Laundering (AML), and
Financial services
Dean Shahan, a seasoned financial advisor with a strong background in advising high-net-worth and ultra-high-net-worth families, has been named Executive Vice President and Financial Advisor at CapWealth, a registered investment advisor based in Franklin, Tennessee. Shahan brings a detailed and analytical approach to complex financial situations, underscoring CapWealth's
Financial services
Australian Securities and Investments Commission (ASIC) has taken measures to prevent two former financial advisers, Rocco D'Amelio and Robert Crossing, from engaging in financial services activities for an extended period. The warning stems from the advisers' actions, which involved providing high-risk investment advice to clients, resulting in
