Tax & Regulation
Life insurer fined €1m for laundering failures
The Irish insurance regulator has fined Italian life insurer Intesa Sanpaolo €1m ($1.1m, £884,459) for anti-money laundering and terrorist financing compliance failures.
Best Practice | 30 Nov 17
Guernsey Finance: ‘Not sure what more we’re supposed to do’
Guernsey Finance chief executive Dominic Wheatley is “not sure what more we’re expected to do” to help improve transparency in the fight against offshore tax evasion, he told International Adviser.
Tax & Regulation | 30 Nov 17
Regulators prepare for latest tax haven blacklist
As the European Union accelerates plans to publish its blacklist of tax havens in the light of the Paradise Papers, now brought forward to Tuesday 5 December, the world’s regulators must decide what action is needed.
Four asset management firms under FCA investigation
The Financial Conduct Authority has accused four asset management firms of breaching competition laws after allegedly sharing details of their bids in two initial public offerings (IPOs).
Tax haven blacklist ‘not credible’ if four EU countries excluded
To stop its blacklist being whitewashed, the European Union should include Ireland, Luxembourg, Malta and the Netherlands on its list of tax havens when it is published on 5 December, Oxfam has warned.