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Ex-Harlequin accountants appeal $11.6m UK court order

Ex-Harlequin accountants appeal $11.6m UK court...

UK accountancy firm Wilkins Kennedy is appealing against recent a High Court judgement ordering it to pay $11.6m (£9.5m, €10.8m) to Harlequin Property SCG, the company behind the stricken £400m fund.

Published : 16, Jan 2017
Jersey regulator launches campaign against mis-selling

Jersey regulator launches campaign against mis-selling...

The Jersey Financial Services Commission (JFSC) has teamed up with the Personal Finance Society (PFS) to launch a public awareness campaign on investment mis-selling in response to increasing numbers of local investors losing their savings through high-risk investments.

Published : 16, Jan 2017
Portugal introduces wealth tax on properties over €600k

Portugal introduces wealth tax on properties over...

The Portuguese government has introduced a wealth tax on properties valued over €600,000 (£538,572, $660,108) in a move that could benefit thousands of British expats living in the EU-member state.

Published : 16, Jan 2017
IoM global commission disclosure still two years away

IoM global commission disclosure still two years...

Life companies based on the Isle of Man will have to disclose client commission worldwide from January 2019, the head of the Isle of Man Financial Services Authority (IoMFSA) has confirmed.

Published : 16, Jan 2017
SJP faces backlash for escaping 1% exit charge on pensions

SJP faces backlash for escaping 1% exit charge...

St James’s Place, one of Britain’s biggest wealth managers, has come under fire over claims it will not be caught by an incoming cap on exit charges.

US fiduciary rule critic Scaramucci named in new Trump role

US fiduciary rule critic Scaramucci named in new...

A leading critic of the Department of Labor’s (DoL) upcoming fiduciary rule, which will require pension advisers to act in the best interests of their clients, putting an end to high-commission investment products, has been named as an assistant to president-elect Donald Trump.

Published : 13, Jan 2017
UK to crackdown on managers responsible for corporate crime

UK to crackdown on managers responsible for corporate...

The UK government is to toughen laws governing fraudulent or dishonest activity by financial services companies to make it easier to successfully prosecute criminal offences such as fraud, money laundering and false accounting.

Published : 13, Jan 2017
Retail investment and robo-advice top SEC’s 2017 priorities

Retail investment and robo-advice top SEC’s 2017...

The US Securities and Exchange Commission has put retail investor protection and robo-advice at the centre of its examinations programme for 2017.

Ex-adviser jailed eight years over £4m Cyprus property fraud

Ex-adviser jailed eight years over £4m Cyprus...

A former financial adviser has been sentenced to eight and a half years in prison after being found guilty of defrauding clients out of £4m (€4.6m, $4.8m).

Published : 12, Jan 2017
UK expats need EU healthcare more than Europeans need NHS

UK expats need EU healthcare more than Europeans...

A greater number of British expats rely on European healthcare under the UK’s reciprocal healthcare agreements than European pensioners living on the UK, who use the NHS, according to figures obtained by the BBC.

Published : 12, Jan 2017
UAE commission ban may face 'two-year delay'

UAE commission ban may face 'two-year delay'

The UAE Insurance Authority (IA) is to issue a new draft and open a fresh consultation on plans to tackle high fees and hidden commissions in the life industry after requests for a 'two-year delay', sources have told International Adviser.

Published : 12, Jan 2017
HMRC sees 80% leap in anti-avoidance tax take

HMRC sees 80% leap in anti-avoidance tax take

HM Revenue & Customs boosted revenue from its counter-avoidance directorate by 80% last year, according to figures compiled by law firm Pinsent Masons.

Published : 12, Jan 2017
Key financial planning tips for international advisers in 2017

Key financial planning tips for international...

Opportunity knocks for financial advisers in 2017 as political, economic and regulatory turmoil leaves clients adrift in unknown territory and seeking advice, says Rachael Griffin, head of product law and financial planning at Old Mutual International.

Published : 12, Jan 2017
Fatca here to stay as US becomes last global tax haven

Fatca here to stay as US becomes last global tax...

The United States will become the last global tax haven as the Common Reporting Standard (CRS) comes into force, making a repeal of Fatca very unlikely, says Nuri Katz, chief executive and founder of Apex Capital Partners.

Published : 11, Jan 2017
Ex-Falcon Bank manager jailed in Singapore 1MDB probe

Ex-Falcon Bank manager jailed in Singapore 1MDB...

The first westerner to be charged in connection with the 1MDB scandal has been sentenced to 28 weeks in jail and fined S$128,000 (£73,352, $89,174, €84,235) by a Singapore court.

Published : 11, Jan 2017
Malta accused of being a tax haven after taking EU presidency

Malta accused of being a tax haven after taking...

Malta has been accused of being a tax haven after a new report found that the European Union’s smallest member state helped multinationals avoid paying €14bn (£12.1bn, $14.8bn) in taxes between 2012 and 2015.

Published : 11, Jan 2017
HMRC under fire for ‘unrealistic’ plans to shut 170 offices

HMRC under fire for ‘unrealistic’ plans to shut...

HM Revenue and Customs (HMRC) could be forced to abandon plans to shut 170 local branches after the UK government’s spending watchdog accused the tax office of being “unrealistic” over its restructure plans.

Published : 10, Jan 2017
US politician introduces bill to delay adviser reforms

US politician introduces bill to delay adviser...

A US congressman has introduced a bill that could delay the Department of Labor’s (DoL) much-anticipated fiduciary rule by at least two years.

Published : 9, Jan 2017
Top HMRC criminal cases of 2016

Top HMRC criminal cases of 2016

HM Revenue & Customs (HMRC) has revealed its 10 most significant fraud and organised crime cases of 2016. In the ongoing fight against tax evasion, HMRC prosecuted a range of tax fraudsters leading to 679 individuals being convicted for their part in tax crimes, with sentences for 2016 totalling more than 730 years.

Published : 9, Jan 2017
Retail investor protection strengthened in Singapore

Retail investor protection strengthened in Singapore...

Retail investors in Singapore will receive greater protection following changes to the Securities and Futures Act (SFA).

Published : 9, Jan 2017

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UAE commission ban may face 'two-year delay'
UAE commission ban may...

The UAE Insurance Authority (IA) is to issue a new...

Fatca here to stay as US becomes last global tax haven
Fatca here to stay as...

The United States will become the last global tax haven...

HMRC sees 80% leap in anti-avoidance tax take
HMRC sees 80% leap in...

HM Revenue & Customs boosted revenue from its counter-avoidance...

Nucleus chairman and Skandia founder Paul Bradshaw dies
Nucleus chairman and...

Nucleus chairman and Skandia founder Paul Bradshaw...

Malta accused of being a tax haven after taking EU presidency
Malta accused of being...

Malta has been accused of being a tax haven after a...

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