Europe
Date set for former Lumiere MD’s fraud trial
The former managing director of defunct Jersey-based IFA firm Lumiere Wealth, Christopher Paul Byrne, will face a six-week trial in Jersey’s Royal Court starting next August.
EU considers removing Ireland’s tax veto powers
With Luxembourg, Malta and Ireland continuing to block ambitious EU plans to reduce tax dodging, the European Commission is now considering triggering a neglected treaty article that would allow them to suspend veto powers on tax matters.
Life insurer fined €1m for laundering failures
The Irish insurance regulator has fined Italian life insurer Intesa Sanpaolo €1m ($1.1m, £884,459) for anti-money laundering and terrorist financing compliance failures.
Real Madrid star Luka Modric accused of tax fraud
Real Madrid midfielder Luka Modric is the latest star to be targeted by Spanish authorities, who have accused him of hiding earnings from his images rights of up to €870,728 through a company based in Luxembourg.
Insurers warned on EU ‘no deal’ scenario
Insurers should not rely on leniency from local regulators if the UK crashes out the EU without a trade deal.