The UAE ambassador to the US has been caught up in the international scandal involving Malaysian sovereign wealth fund 1MDB, after reports that companies connected to him received millions of dollars allegedly stolen from the fund.
A man disqualified from working as a director in the UK has been charged with fraud by the US Securities and Exchange Commission (SEC) for misleading investors in a $37m (£28m, €32m) scam.
A former financial adviser has been sentenced to four years in prison after being found guilty of a multi-million dollar fraud case involving retired San Antonio Spurs basketball player Tim Duncan.
Australian supermodel Miranda Kerr has handed over $8.1m (£6.4m, €7.2m) worth of jewellery to US authorities that she allegedly received from former boyfriend Jho Low, a person of interest in the 1MDB scandal.
Schroders has set up a new company as part of its wealth management division called Schroder Wealth US that will sit alongside its existing UK subsidiary, Cazenove Capital.
Columbia Threadneedle Investments is expanding its US equity fund range with the launch of the Threadneedle (Lux) US Disciplined Core Equities Fund in its Luxembourg Sicav.
The US Department of Justice (DOJ) is working to recover around $1.7bn (£1.3bn, €1.5bn) in assets linked to an international conspiracy to launder funds misappropriated from Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB).
US investment manager Capital Group makes a bet that the American economy will stay robust and launches a US equity growth strategy available for professional investors in Asia.
The US regulator has appointed co-directors of its Enforcement Division, while First State Investment is losing its head of global resources and Ashburton Investments bolsters its multi-asset team.
This year’s dollar weakness took most investors by surprise. There are, however, obvious reasons for this, and fundamentals suggest it could reverse.
The Securities and Exchange Commission has lost a US Supreme Court case to force an investment adviser to repay nearly $35m (£27m, €31m) his companies stole, as his actions fell outside the statute of limitations.
A 73-year-old woman from Texas has pleaded guilty to conspiring to defraud the US by using accounts in Delaware and Panama to conceal more than $1.3m (£1m, €1.16m) in royalty income she earned from oil wells.
