Tax & Regulation
Swiss wealth manager pays $5m to settle US tax charges
Geneva-based investment management and consulting company Prime Partners has agreed to pay $5m (£3.9m, €4.2m) to the United States Attorney’s Office to settle charges for helping US taxpayers dodge taxes.
Tax & Regulation | 18 Aug 17
Ex-IFA jailed for stealing £1m from client pension funds
A former UK adviser has been jailed for six years and banned from being a company director for eight after he was convicted of stealing £1m ($1.29m, €1.1m) of clients’ money via a self-invested personal pension scheme he invented.
Aussie adviser banned and convicted of 97 counts of fraud
The Australian Securities and Investments Commission (Asic) has permanently banned a former adviser who was found guilty of 97 counts of fraud and 10 counts of stealing and sentenced to six and a half years’ imprisonment.
Tax & Regulation | 17 Aug 17
Guernsey bans Sark couple from director roles for 15 years
A husband and wife from the Channel Island of Sark have each been banned from acting as company directors for 15 years after they were convicted and imprisoned for conducting regulated business without a licence and obstructing justice.
Italy emerging as stand-out haven for the super wealthy
A new flat rate tax regime introduced in Italy earlier this year is putting the nation on the map of potential destinations for super-wealth expats of all nationalities, an expert has told International Adviser.