Tax & Regulation
China imposes limits on P2P platforms amid fraud concerns
China has imposed new lending limits on the country’s increasingly popular peer-to-peer (P2P) platforms in a bid to curb risks following the collapse of the industry’s largest lender Ezubao last year.
Best Practice | 26 Aug 16
Greater disclosure requirements for US investment advisers
Investment advisers in the US will need to provide more information to the Securities and Exchange Commission (SEC) as the regulator steps up its monitoring of the asset management industry.
Liechtenstein approves double tax agreement with the UAE
Liechtenstein has approved a double taxation agreement (DTA) with the United Arab Emirates, as well as Iceland and Andorra.
Ex-Julius Baer ‘whistleblower’ cleared of secrecy law breaches
A former Julius Baer banker accused of passing sensitive data to WikiLeaks has been given a 14-month suspended sentence after a Zurich court turned down prosecution demands that Rudolf Elmer be convicted of breaching Swiss bank secrecy laws despite being based in the Cayman Islands, according to media reports.
Tax & Regulation | 24 Aug 16
UK IFA ordered to pay client over Arch Cru pension transfer
UK-based IFA firm Tenet must compensate a client for advising him to transfer his pension into the doomed high-risk Arch Cru fund, which lost investors up to £361m ($462m, €408m).