Regions
Guernsey removed from Italian tax blacklist
The Italian Ministry of Finance has taken Guernsey off its revised tax blacklist of tax havens as a result of improved standards on exchanging tax information.
United Kingdom | 15 Apr 15
Nutmeg cuts UK stocks due to election risks
Online investment manager, Nutmeg, has increased its investments in European, Nordic and Japanese stocks in order to protect customer portfolios from risks ahead of the UK General Election.
DFSA fines Deutsche Bank $8.4m for ‘serious contraventions’
The DIFC branch of Deutsche Bank (DBDIFC) has been fined $8.4m by the Dubai Financial Services Authority (DFSA) for “serious contraventions” in its private wealth management procedures.
Qatar licences first family office advisory firm
FACT Middle East, a specialist family office business, has been granted a licence by the Qatar Financial Centre Authority (QFCA) and is now fully operational in the Persian Gulf state.
United Kingdom | 15 Apr 15
FCA fines BNY Mellon £126m for insolvency protection failings
The UK’s Financial Conduct Authority has fined the Bank of New York Mellon’s London and International branches £126m for failing to comply with rules protecting clients against insolvency.