Tax & Regulation
Maltese bank fined €4.9m for AML breaches
‘Seriousness and systemic nature of failures’ allowed millions to pass through unchecked
Adviser charged for running $110m Ponzi scheme
Money was raised from over 400 investors – including elderly retirees
Fee disclosure failures see NAB hit with A$18.5m fine
Misleading statements ’caused harm to customers’ says regulator
What are the benefits of an international savings/pension plan?
Portability, wider fund ranges, currency options and tax all play a role in attracting expats
Jersey trust company censured for cross charging clients
Fees were deducted but unnecessary services were provided – or none at all