Tax & Regulation
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).
STM pledges ‘action’ in wake of compliance probe
STM Group’s Gibraltar based companies have pledged to strengthen oversight and sharpen procedures in the wake of a long awaited special investigation into their practices.
Hansard’s Bahamas move branded ‘disappointing’
Senior figures in the Isle of Man life insurance sector have criticised Hansard’s decision to set up a company in the Bahamas, which the insurer admits was partly driven by the looming commission disclosure rules.
Ex-Everton manager sues IFA
Former Premier League football manager Walter Smith is seeking £320,000 from his ex-financial adviser over investments made during the time he was in charge of Everton.
North America | 6 Jun 18
Lawyers for the BVI ‘confident’ in public register battle
The government of the British Virgin Islands (BVI) has assembled a legal team to fight the imposition of a register of beneficial ownership by the UK.