United Kingdom
Naming and shaming tax avoiders doesn’t work
The threat of having their names made public does not stop people and companies from avoiding paying tax, a report commissioned by HM Revenue & Customs has found.
Gina Miller takes action against FCA over Mifid II silence
The UK’s Financial Conduct Authority has been taken to task for a lack of transparency over its enforcement of Mifid II rules around costs and charges by Gina Miller, co-founder of wealth management firm SCM Direct.
‘Suspicious wealth’ bought £4.2bn of London property
Criminals will have fewer places to hide their dirty money after the UK announced a world-first public register that will force foreign companies owning UK properties to reveal their ultimate owners.
Public blasts bid to ‘kill off’ pensions dashboard
A petition fighting plans to scrap a dashboard that would bring together information about UK pensions has garnered nearly 85,000 signatures of support in just six days.
Investec granted first Isle of Man alternative bank licence
The very first Isle of Man Alternative Banking Regime (ABR) licence has been granted to Investec Bank (Channel Islands).