Tax & Regulation
Law firm loses appeal in ‘mafia risk’ property project
An Italian law firm has lost its appeal against a British High Court ruling that it was under a duty to warn investors over a failed property scheme that is now under investigation for allegedly being a money-laundering vehicle for the mafia and IRA.
Best Practice | 29 Aug 17
Advisers warned to face reality of tough new tax evasion law
International IFA firms, lawyers, accountants and wealth managers need to be “astute to the challenges and effects” of the UK Criminal Finances Act, which comes into effect on 30 September, a leading Channel Islands law firm has warned.
Middle East | 29 Aug 17
UAE issues new tax law to implement 5% VAT
The government of the United Arab Emirates has issued a decree paving the way for its new value added tax (VAT) system to be implemented from 1 January 2018, which will cover the financial services sector.
Hong Kong and Dubai market watchdogs partner on fintech
Hong Kong and Dubai-based securities watchdogs have penned a cooperation agreement on fintech innovation.
Tax & Regulation | 25 Aug 17
Three former Allianz staffers found guilty of bribery
Three former Allianz employees have been sentenced for bribery offences after making £7,000 ($9,000, €7,597) by leaking more than 700 pieces of confidential data, an investigation by the City of London Police’s Insurance Fraud Enforcement Department (Ifed) found.