Tax & Regulation
Best Practice | 28 Jul 17
Revised UK managers regime to expose ‘reckless’ IFA firms
The Financial Conduct Authority’s extension of its Senior Managers Regime to almost all regulated companies in the UK will help weed out “reckless and criminal firms”, financial adviser support firm SimplyBiz Group said.
Barcelona striker Neymar cleared in $20m tax evasion case
Brazilian football star Neymar has been cleared of any criminal charges in a long-running tax evasion case in Brazil, with the judge citing a “lack of just cause”.
Middle East | 27 Jul 17
No more extensions to Saudi expat amnesty
Undocumented expats in Saudi Arabia hoping for another amnesty to allow them to leave the Kingdom without prosecution are set for disappointment after it was confirmed that there will be no further extensions.
Abu Dhabi and Australia sign cooperation deal for fintech push
The Abu Dhabi Global Market’s Financial Services Regulatory Authority (FRSA) has signed a cooperation agreement on financial innovation with the Australian Securities and Investments Commission (Asic).
Tax & Regulation | 26 Jul 17
Banned IFA found guilty of forging clients’ signatures
A former financial adviser in the UK has been found guilty of forging his clients’ signatures on investment documents following a 10-week trial at Derby Crown Court.