Latest news
Latest news | 14 Nov 17
STM chief executive released from bail, shares resume trading
STM Group chief executive Alan Kentish, has been released from police bail in Gibraltar without charge, while simultaneously STM subsidiaries have come under regulatory scrutiny.
EU pledges action on ‘Paradise’ tax avoiders
Pressure on the EU to act on offshore tax havens increased this morning after MEPs queued up to severely criticise wealthy tax avoiders and their advisers.
China to allow full foreign ownership of insurance companies
In a move to grow its status as a major global finance hub, the Chinese government has announced it will raise foreign ownership limits in insurance companies to 51% in three years’ time, while full foreign ownership will be allowed in five years.
Six jailed for 45 years for eco investment scam
Six members of a crime group have been jailed for a total of 45 years for devising a fake eco-investment scheme as a tax break for wealthy investors, often using the law firm at the heart of the Panama Papers.
Ex deVere duo to head Guardian’s new Swiss office
Guardian Wealth Management has opened an office in Basel, Switzerland and poached a duo from deVere to run it.