Tax & Regulation
North America | 24 Jun 15
Julius Baer to pay $350m for US tax evasion
Swiss bank Julius Baer has set aside $350m to settle tax evasion allegations with US tax authorities, significantly reducing the time accountholders have to voluntarily disclose their details at a reduced penalty.
Tax & Regulation | 23 Jun 15
FCA rejects call for fee freeze, hikes adviser rates
The Financial Conduct Authority (FCA) has rejected calls for a freeze in its fee hikes and has confirmed a 10.2% increase in 2015/16 for financial advisers.
Complaints against SFC-licensed advisers double in a year
The number of complaints made against the conduct of intermediaries who are licensed by Hong Kong’s Securities and Futures Commission (SFC) has more than doubled in a year, the latest figures reveal.
North America | 18 Jun 15
Canadian adviser fee review points to RDR-style change
A review of the impact of mutual fund compensation schemes on financial advice and outcomes conducted on behalf of Canadian regulators has found there was enough evidence to justify the development of new payment policies.
Tax & Regulation | 18 Jun 15
Guernsey and Hong Kong named on tax haven blacklist
Guernsey, Hong Kong, and the British Virgin Islands have been named among the 30 most un-cooperative tax jurisdictions in a blacklist published by the European Commission.