United Kingdom
United Kingdom | 23 Mar 18
Offshore ‘Crook’s Bank’ developer facing £1m fine
A money launderer who developed an online service for criminals using bank accounts in Portugal, the Cape Verde Islands, Jersey, Cyprus, and Switzerland has been ordered to pay £1m.
UK and Aussie regulators ink enhanced fintech agreement
The Financial Conduct Authority and the Australian Securities and Investments Commission have signed an enhanced fintech cooperation agreement.
Woodford defends fund dumped from income sector
Neil Woodford has defended his UK Equity Income fund’s strategy, saying it remains in the best interests of investors despite being kicked out of the Investment Association’s UK Equity Income sector.
Best Practice | 22 Mar 18
Three insights into unsettling pension freedoms data
The Financial Conduct Authority has released figures on pension freedoms that product providers have described as “concerning” and “do not make for comfortable reading”. International Adviser spoke to industry experts to get their thoughts on the data.
Best Practice | 22 Mar 18
Why high net worths are leaving the UK
The UK has lost its reputation as a top destination among high net worth individuals, who have been left disenchanted by the direction of government policy, prompting an outflow to more attractive jurisdictions.