mas reprimands aon consulting for improperly
The Monetary Authority of Singapore has reprimanded Aon Consulting (Singapore)Pte, part of the London-based insurance and consulting giant Aon plc, for violating regulations covering financial advisers.
Author: International Adviser
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axiom egm minutes reveal serious concerns
Minutes from an Extraordinary General Meeting for the Axiom Legal Financing Fund held last month, have revealed that initial investigations have thrown serious doubts over the validity of some of the underlying loans made by the fund.
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aes intl hires mcleod as general counsel to board
AES International has appointed lawyer James McLeod to its board as general counsel, responsible for corporate governance and risk management.
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uae expats may still be charged for bad
Expatriates who bounce cheques in the United Arab Emirates will still risk criminal charges, the Government has said, clarifying a matter that had been unclear in recent days, in the wake of conflicting media reports.
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henderson asian growth under review on manager
Schroders is to manage the £274.1m Henderson Asian Growth investment trust following a review of the fund’s investment management arrangements by its board.
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hmrc to investigate investors in manx tax
Two hundred wealthy investors accused of sheltering millions of pounds in an Isle of Man based tax avoidance scheme have been sent letters by HM Revenue & Customs warning them they are to be investigated, according to a recent article in the Financial Times.
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mbe to mbmg founding partner macdonald
Graham Macdonald, one of the founders of the Bangkok-based advisory business MBMG Group and its managing director, was awarded an MBE in the Queen’s New Year honours list, published at the end of December.
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cameron makes tax avoidance top priority
UK Prime Minister David Cameron has called on the leaders of the G8 group of the world’s wealthiest nations to take “bold steps” this year to drive growth in a time of “grave economic uncertainty”.
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expats in spain warned to declare offshore
Advisers with expatriate clients who are tax-resident in Spain say they are urgently reaching out to their clients to warn them that they must begin reporting to the Spanish tax authorities about any overseas assets they hold worth more than 50,000, following a recent change in the country’s tax regime.
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tunisia financial centre going ahead
A $3bn plan to create what is being billed as North Africa’s first offshore financial centre in Tunisia is still on, with construction work set to begin this month, according to the Bahrain-based investment bank behind the project.
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report uae to limit expat mortgages
The United Arab Emirates Central Bank plans to limit the size of residential real estate mortgages that expatriates living in the UAE may take out to 50% of the value of the property, according to Gulf media reports, which cite anonymous banking and real estate industry sources.
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singapore coping with the high price
Singapore, like Hong Kong, is continuing to benefit from the uncertainty and instability elsewhere in the world, while at the same time struggling to cope with such side-effects of this success as inflation, currency appreciation and a shortage of affordable housing. Helen Burggraf reports.