News
Tax & Regulation | news 15 Feb 17
Isle of Man to investigate collapse of Nicaraguan bamboo fund
The Isle of Man’s High Court of Justice has appointed an inspector to look into the collapse of the $61m (£48m, €57m) Eco Resources Fund, after it went bust last November.
Tax & Regulation | news 15 Feb 17
Panama Papers law firm bosses arrested and denied bail
The founders of Mossack Fonseca, the law firm at the centre of the Panama Papers scandal, have been arrested and are facing money laundering charges.
North America | news 15 Feb 17
Morgan Stanley pays $8m to settle ETF investment charges
Morgan Stanley has agreed to pay $8m (£6.4m, €7.5m) and admit wrongdoing to settle charges that it did not ensure clients understood the risks associated with buying inverse exchange-traded funds (ETFs) the firm recommended.
Tax & Regulation | news 15 Feb 17
Ex-financial adviser given maximum 15-year bankruptcy order
A former financial adviser has been handed the maximum bankruptcy order of 15 years for acting in the management of a company while he was subject to a lengthy director’s ban.
North America | news 15 Feb 17
All Canadian schemes removed from HMRC Rops list
UK pension transfers to Canada have been effectively blocked after the three remaining Canadian recognised overseas pension schemes (Rops) were removed from HM Revenue & Customs’ (HMRC) list on Wednesday.