Tax & Regulation
Latin America | 12 Apr 17
Brazil extends tax amnesty but adds hefty penalty
Brazil is offering its taxpayers another, more expensive, opportunity to avoid prosecution and declare their offshore assets by extending its tax amnesty by 120 days.
Tax & Regulation | 12 Apr 17
UK advisers face extra FSCS levy despite fall in Sipps claims
The UK’s Financial Services Compensation Scheme (FSCS) may still impose an interim levy on life and pension advisers despite a fall in the average cost of Sipp-related claims.
Coutts & Co fined HK$7m by Hong Kong Monetary Authority
The Hong Kong branch of Coutts & Co has been fined by the Hong Kong Monetary Authority (HKMA) for failing in its anti-money laundering (AML) and counter terrorist financing (CTF) checks.
Tax & Regulation | 11 Apr 17
UK advisers told to clearly signpost ‘advice’ and ‘guidance’
UK advisers will need to make clear the difference between “advice” and “guidance”, according to proposals published by the Financial Conduct Authority (FCA).
Three Brits arrested in Philippines over boiler room scam
Three British nationals allegedly involved in a investment scam have been arrested in the Philippines.