North America
Global life insurer admits it helped US citizens hide $1.45bn
Company and its subsidiaries concealed the money in offshore insurance policies
Financial services provider fined $4.23m for AML failings
Largest ever anti-money laundering penalty handed down by the Cayman Islands regulator
US in the news: CI Financial buys San Diego advice firm
A round-up of people moves and M&A deals across North America
Investors still clinging to their US ‘security blankets’
Despite data showing an outflow of £1.6bn from US equities in Q1
1MDB sues Deutsche Bank, JP Morgan and Coutts to recover $23bn
As part of 22 legal claims for ‘negligence, breach of contract, and conspiracy to defraud’ the fund