With Luxembourg, Malta and Ireland continuing to block ambitious EU plans to reduce tax dodging, the European Commission is now considering triggering a neglected treaty article that would allow them to suspend veto powers on tax matters.
The Irish insurance regulator has fined Italian life insurer Intesa Sanpaolo €1m ($1.1m, £884,459) for anti-money laundering and terrorist financing compliance failures.
Real Madrid midfielder Luka Modric is the latest star to be targeted by Spanish authorities, who have accused him of hiding earnings from his images rights of up to €870,728 through a company based in Luxembourg.
The Financial Conduct Authority has commenced civil proceedings against two unregulated introducer firms, linked to controversial ethical tree investment schemes, for allegedly making misleading statements on pension investments.
Phoenix Life customers with small annuities in payment will be able to exchange the regular income they receive for a one-off taxable lump sum.
A taxpayer who relied on incorrect information published in an HM Revenue & Customs manual to claim tax relief has had his request for a judicial review dismissed, despite the judge agreeing the information provided was wrong.
An Italian princess is disputing a Jersey Royal Court judgement that she conspired with her film-star mother to secretly direct $200m of family wealth away from her sister.
Aegon Life in India has a new chief executive, Deutsche Asset Management has hired its global head of equity from Credit Suisse and BNP Paribas has created a head of institutional sales role for the UK and Ireland.
Research from Zurich International has found that 75% of expats living in the United Arab Emirates do not have protection against loss of income as a result of illness, incapacity or premature death.
Two out of five UK advisers are working longer hours in 2017 due to business growth, increased compliance and regulatory requirements, research from Prudential has found.
Following a damning investigation by a consumer watchdog, the Chartered Institute for Securities and Investment (Cisi) has warned that UK advisers will face legal action if they fraudulently claim to hold a qualification from the organisation.
Globaleye Singapore has appointed a chief investment officer, while one of HSBC’s most senior investment bankers has resigned and Franklin Templeton has promoted a head of distribution for France and the Benelux region.
