Middle East
‘Unlimited fines’ on the way for offshore tax evaders
Prison sentences and “unlimited fines” are two draconian penalties HM Revenue & Customs (HMRC) will have at its disposal from next week for UK taxpayers who evaded tax through offshore means in tax year 2017/18.
Wealth adviser grows Dubai client acquisition by 34%
London-headquartered Arbuthnot Latham boosted client acquisition in Dubai by more than a third over 2017.
PEOPLE MOVES: Marlborough, CISI, State Street
Marlborough hires a head of business development from Brooks Macdonald, the Chartered Institute for Securities & Investment appoints a board chairman, while a former Blackrock employee joins State Street to head ETF model portfolios.
Momentum Wealth and Provisca part company
Guernsey-based platform Momentum Wealth International is bringing its marketing and distribution back in-house and has ended its contract with Provisca, which had been providing these services.
TAKAUD DIFC says well positioned for great market prospects
Dubai International Finance Centre-based Takaud Savings & Pensions (DIFC) Ltd, a wholly owned subsidiary of the Bahrain-based Takaud Savings and Pensions B.S.C. (c), said there is a critical need in the region for professional advice on pension planning, pension scheme design and scheme administration technology that should be addressed by the financial industry.