Tax & Regulation
Panama Papers law firm unable to identify 75% of its clients
A leak of 1.2 million new documents shows that Mossack Fonseca, the law firm at the centre of the Panama Papers scandal, could not identify the owners of up to three quarters of the companies it administered.
Should Australia introduce a UK-style restricted advice model?
With the vertically-integrated advice model under fire and the cost of financial advice being more than the average Australian is prepared to pay, could a UK-style tied model be the solution?
Ronaldo accepts €18.8m fine in tax evasion case
Portuguese football superstar Cristiano Ronaldo has agreed to accept an €18.8m (£16.4m, $21.8m) fine and a suspended jail sentence to settle tax evasion charges, according to media reports.
Allegations hit South Africa adviser exam body
Following claims of irregularities, advisers will no longer be able to sit exams with the Financial Planning Institute (FPI) of Southern Africa.
Good news for investors in defunct Beaufort
Nearly all individual customers of Beaufort Asset Clearing Services are expected to be protected in full for the return of money and assets, the UK’s Financial Services Compensation Scheme (FSCS) has confirmed.