Tax & Regulation
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.
Blacklisted tax havens could face four types of sanctions
The European Commission is understood to be looking at four kinds of sanctions targeted at jurisdictions on its planned tax haven blacklist which is due to be finalised at the end of this year.
Middle East | 17 Aug 17
Abu Dhabi creates foundations framework for wealth management
Abu Dhabi Global Market (ADGM), the financial free zone in the capital of the UAE, has launched of a new legal structure to support the growth of its wealth management industry.