North America
European Wealth discovers liabilities at US acquisition target
Guernsey-based European Wealth Group’s $1.7bn acquisition of US broker Newbridge faces a fresh hurdle despite receiving regulatory approval.
Russian dirty money entering UK through BOTs, report says
Money laundering is a matter of national security for the UK, and it therefore has the constitutional right to make British Overseas Territories (BOTs) introduce public registers of beneficial ownership, according to a select committee report.
EU tax haven blacklist to lose two more names
The much-maligned European Union tax haven blacklist is set to shrink to seven jurisdictions following the removal of the Bahamas and St Kitts & Nevis.
Blacktower expands with US and German businesses
European IFA firm Blacktower Group has launched two separately regulated companies – its first US business and a second operation in Germany.
Fidelity and Amazon create virtual reality financial adviser
The research arm of Fidelity Investments has teamed up with Amazon to develop a digital financial adviser, which people can interact with through a virtual reality headset.