The deVere Group has debuted its new investment strategy division, which will be headed by Tom Elliott, the former executive director of JP Morgan Asset Management. Elliott, a 25-year veteran, was appointed deVere’s international investment strategist in 2013. deVere characterizes itself as an independent financial advisory organization, and has 80,000 clients globally and more than… Read More >>
What Will the G.O.P. Do If They Win?
If the votes go well for them on Tuesday, Nov. 4, what will the Republicans do with their new power? In case you haven’t been following the horse-race coverage in the U.S. media, all the signs point to a good night for Republicans on November 4 when the U.S. votes in another pivotal, mid-term election…. Read More >>
NICE Actimize, Alacra to Combine Wares
Financial technology vendors NICE Actimize and Alacra will be integrating Alacra’s customer onboarding and know your customer (KYC) tools with Actimize’s customer due diligence (CDD) and anti-money laundering (AML) solutions to create a single process for data capture. The new alliance will help customers move beyond conducting KYC, due diligence and related processes across multiple,… Read More >>
Would You Give Up Your U.S. Citizenship to Fight FATCA?
Is there a growing number of Americans living overseas that want to give up their U.S. citizenship because of the rigors of the Foreign Account Tax Compliance Act (FATCA)? A financial advisory firm, the deVere Group, a vocal opponent of FATCA, says the number of American expats that want to end their citizenship is increasing… Read More >>
Q&A: Are You Ready for FATCA, Phase 2?
(Editor’s note: Firms are moving into the second major phase of meeting the requirements of the Foreign Account Tax Compliance Act (FATCA). FTF News spoke to Micah Willbrand, the London-based director, global AML product marketing at NICE Actimize, about the changes firms are making as a result of FATCA compliance. For now, firms have some… Read More >>
eClerx Launches KYC Solution
Increased regulatory scrutiny and heavy fines are motivating financial services firms to bolster know your customer (KYC) infrastructures, says Alan Paris, principal, financial services for eClerx, a business processing vendor that has just released its proprietary eClerx KYC solution. The regulatory pressures domestically and overseas constitute the primary driver for firms to revamp KYC systems,… Read More >>
SWIFT’S KYC Registry Free for Participants
Financial messaging and services cooperative SWIFT will offer free access to its KYC (know your customer) Registry throughout 2015 for those banks that contribute their own institutional KYC data. SWIFT made the announcement at its SIBOS exhibition and conference, being held at the Boston Convention & Exhibition Center from Sept. 29 to Oct. 2. The… Read More >>
deVere Group Opens San Francisco Office
Financial advisory firm deVere Group is opening an office in San Francisco as part of “ambitious expansion plans for the North American market,” say company officials. Adrian Flambard, senior investment advisor for deVere USA, has relocated from deVere Group’s New York City office to head the San Francisco operation on Market Street, officials say. Flambard,… Read More >>
Thomson Reuters Bolsters KYC Service
Market data and news giant Thomson Reuters has launched an “end-to-end user interface” to support a know your customer (KYC) on-boarding and remediation managed service offered via the identity clearinghouse Accelus Org ID, which launched in March, officials say. Accelus Org ID can be used to create an accurate identity record that works as a… Read More >>
FATCA Tempts More Ex-Pats to Cut U.S. Ties
The number of American expatriates tempted to renounce their U.S. citizenship as a result of the Foreign Account Compliance Act (FATCA) tax law is growing — by 11 percent over the last year, to be exact — according to a poll conducted by deVere Group, an independent financial advisory firm. FATCA, which went into effect… Read More >>
