Tax & Regulation
North America | 2 Dec 14
DeVere labels Boris Johnson’s US tax defiance noble
The mayor of Londons’ refusal to comply with the Foreign Account Tax Compliance Act (FATCA) by paying his American taxes has been labelled noble by Nigel Green, chief executive at deVere.
Tax & Regulation | 26 Nov 14
Draft balanced scorecard details released by MAS
Further details have emerged of the Monetary Authority of Singapores new balanced scorecard initiative, under which financial advisers will be assessed to ensure they are providing high quality advice.
North America | 25 Nov 14
Credit Suisse fined $2.6bn by US
Credit Suisse has been hit with a fine for operating an illegal cross-border banking business that helped thousands of American clients evade tax.
Tax & Regulation | 24 Nov 14
FCA review of in house funds reveals
An FCA review of the use of in-house investment products by wealth management and private banking firms, while largely positive, has revealed some weaknesses in client communication.
Tax & Regulation | 21 Nov 14
Australias RDR reversal reversed
The Australian Senate has voted to disallow amendments which had loosened laws governing the financial advice process.