UAE
Investment | 20 Oct 16
Merrill Lynch ditches US expats in account closures
Merrill Lynch, one of the ‘big four’ investment banks in the US, will no longer work with US citizens living abroad following the closure of all expat accounts earlier this month, a UK-based IFA firm has confirmed.
US wealth manager SEI to close Dubai office
US-headquartered SEI is to close its office in the Dubai International Financial Centre next month and will service its Middle East clients from London.
Middle East | 13 Oct 16
New UAE bankruptcy law ‘does not cover’ bounced cheques
Bouncing cheques will remain a criminal offence in the UAE despite indications that the region’s new bankruptcy law would remove the threat of jail, a senior Emirati lawyer has said.
Tax & Regulation | 30 Sep 16
Insights into new regulations in S.Africa, UAE, and Isle of Man
How will new mutual fund regulation in the UAE impact on portfolio bonds and unit-linked funds?
Middle East | 15 Sep 16
Guernsey regulator signs MoU with Abu Dhabi
The Guernsey Financial Services Commission (GFSC) has signed a memorandum of understanding with the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).