United Kingdom | 31 Jul 13

At least 16 firms and individuals are being taken to court by the FCA for illegally promoting and/or operating collective investment schemes in the UK.

People Moves | 31 Jul 13

Jonathan Leece has been elected president of the Chartered Institute for Securities & Investment’s Isle of Man branch, succeeding Sue Preskey.

Products | 31 Jul 13

Castel Global has launched the Castel Commercial Property Fund, a specialist vehicle investing in UK commercial property.

Tax & Regulation | 31 Jul 13

A recommendation has been made to reconsider the way the UK attempts to tackle tax avoidance by the House of Lords Select Committee on Economic Affairs.

Europe | 31 Jul 13

Liechtenstein’s largest bank is to pay the US tax authorities $23.8m, as part of an agreement that will resolve all outstanding cases involving possible tax evasion on the part of some of its American account-holders.