Australia
Blacktower obtains Swiss and Australian licences
This ‘further increases the reach and offering’ of its Nexus Global IFA network
Aussie taxman cracks down on disguised undeclared foreign income
Residents deliberately concealing or omitting assets ‘will face substantial penalties’
Iress M&A talks break down
Failed deal ‘in no way impacts’ the fintech company’s strategy to ‘accelerate growth’
Aussie advisory group buys stake in financial planning firm
Deal ‘includes a cash component and capital funding for growth and future acquisitions’
Fee disclosure failures see NAB hit with A$18.5m fine
Misleading statements ’caused harm to customers’ says regulator