FCA
North America | 5 Feb 15
FATCA goes live in Jersey
Financial institutions in Jersey can now register clients with the US, as the Foreign Account Tax Compliance Act (FATCA) goes live in the jurisdiction.
Only FCA authorised advisers to give
An amendment to the Pensions Schemes Bill 2014-15 in the House of Lords last week has confirmed that anyone seeking to transfer out of a defined benefit pension scheme must seek advice from an FCA authorised pension adviser.
Tax & Regulation | 2 Feb 15
FX trader jailed for seven years for scam
A man who claimed he was trading on foreign exchange markets has been jailed for seven years after conning investors out of £5.5m and splashing the cash on himself.
HMRC cracks down on serial tax avoiders
HM Revenue & Customs has proposed a tougher crackdown on users of multiple tax avoidance schemes.
Tax & Regulation | 2 Feb 15
Montello granted full regulatory status
Montello has received full regulatory status from the Financial Conduct Authority as a UK fund manager.