Ronaldo accepts €18.8m fine in tax evasion case
Portuguese football superstar Cristiano Ronaldo has agreed to accept an €18.8m (£16.4m, $21.8m) fine and a suspended jail sentence to settle tax evasion charges, according to media reports.
Author: Tom Carnegie
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Premier Group directors could be questioned in court
The Isle of Man-based directors of the failed New Earth Recycling and Renewables (NERR) fund could be interviewed in open court under oath, as the liquidator seeks to “clarify the affairs and dealings of the company”.
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Aussie bank faces landmark lawsuit over bad advice
Major Australian bank Westpac could face multi-million dollar fines after the country’s financial services watchdog commenced legal proceedings against it over allegations of poor financial advice provided by one of its former employees.
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Wealth firm boss charged with fraud
The managing director of a collapsed UK wealth management firm, which allegedly still owes more than £13m ($17.3m, €14.8m) to investors, has been charged with fraud by the City of London Police.
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Bahrain apartment not enough to avoid Aussie income tax
A man who has lived and worked in the Middle East since 2009 has failed to convince an appeal court that he is a non-resident of Australia and therefore should not have to pay income tax.
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IFA nets small win over ex-Everton manager in damages case
Former Premier League football manager Walter Smith has been forced to hand over documents to his ex-financial adviser, who he is suing for £320,000 over investments made during the time he was in charge of Everton.
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British Overseas Territories in London to fight public register
Tense talks are being held this week in London as leaders of British Overseas Territories (BOTs) try to persuade the UK Government to reverse its decision to impose public registers of beneficial ownership.
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Swiss banking secrecy laws ‘not doomed yet’
Plans to scrap a class of anonymous shares in Switzerland have been met with fierce opposition and will likely not be passed into law, as three out of four of the nation’s major political parties have criticised the idea.
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Fraudster ordered to hand over inheritance to pay fine
A UK man who was jailed for seven-years for defrauding investors out of £21m (€23.9m, $28.1m) has had an inheritance he received from his mother’s estate confiscated by the Financial Conduct Authority (FCA).
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400 advisers in limbo as major Australian IFA shuts its doors
Dover Financial, one of Australia’s largest financial advice firms, has announced it will be closing its business in July amid an ongoing investigation by the country’s corporate watchdog.
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DeVere opens in Rome, announces European expansion
DeVere has opened its second office in Italy and is planning to expand its existing bases in France, Spain and Switzerland in just a matter of months, the group has confirmed.
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Athletes and chefs taking up financial advice as second career
People with no significant financial services experience are being encouraged to look to the pensions and investment advice sector for a second career by a financial services network.