British Overseas Territories in London to fight public register
Tense talks are being held this week in London as leaders of British Overseas Territories (BOTs) try to persuade the UK Government to reverse its decision to impose public registers of beneficial ownership.
Swiss banking secrecy laws ‘not doomed yet’
Plans to scrap a class of anonymous shares in Switzerland have been met with fierce opposition and will likely not be passed into law, as three out of four of the nation’s major political parties have criticised the idea.
Fraudster ordered to hand over inheritance to pay fine
A UK man who was jailed for seven-years for defrauding investors out of £21m (€23.9m, $28.1m) has had an inheritance he received from his mother’s estate confiscated by the Financial Conduct Authority (FCA).
400 advisers in limbo as major Australian IFA shuts its doors
Dover Financial, one of Australia’s largest financial advice firms, has announced it will be closing its business in July amid an ongoing investigation by the country’s corporate watchdog.
DeVere opens in Rome, announces European expansion
DeVere has opened its second office in Italy and is planning to expand its existing bases in France, Spain and Switzerland in just a matter of months, the group has confirmed.