Australia targets 100 taxpayers in Panama Papers investigation
Australia’s Serious Financial Crime Taskforce (SFCT) is to contact more than 100 taxpayers in response to its investigation into tax evasion and crime in the Panama Papers.
Industry
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G20 calls for greater tax transparency
The leaders of the G20 nations have resolved to make greater efforts in implementing international transparency standards for the purposes of tackling corruption, tax evasion, terrorist financing, and money laundering.
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UK pensions industry wants tax clarity in autumn statement
With no date set for new UK chancellor Philip Hammond’s autumn statement, and no hints as to what it will contain, the financial services industry will continue treading water, said Jon Gwinnett, pensions technical manager at Nucleus.
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Would-be pension savers squeezed by other financial demands
Fewer than a fifth (17%) of UK advisers think that clients who feel squeezed keeping up with bills and repayments would put any extra money towards their pension savings, research from Royal London has found.
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Hinduja bank reaffirms Swiss commitment, plans investment
Geneva-headquartered Hinduja Bank, part of India’s giant Hinduja Group, said it plans to grow and strengthen its operations in Switzerland.
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Major Sth African insurer targets international life markets
Provisca, the international distribution business launched in August by Nigel Watson and Bryan Low, has signed its first partnership agreement, opening up the products of South Africa’s third largest listed insurer to international markets.
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What is so wrong with KIDs?
Confusion surrounds key information documents
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Cayman Islands on Italy’s whitelist, targets European growth
The Cayman Islands has been added to Italy’s “good tax governance” whitelist, marking a positive step forward for the islands’ financial services industry in Europe, according to Jude Scott, chief executive of Cayman Finance.
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Israel halts Fatca preparation following lawsuit
An Israeli judge has ordered that the state suspend work on the implementation of America’s foreign account tax compliance act (Fatca), a move welcomed by deVere Group chief executive Nigel Green.
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US claims anti-money laundering policy is ‘not zero tolerance’
The US Treasury has sought to soften the perception of its enforcement of an anti-money laundering (AML) regime against international banks, by emphasising that its policy is not one of “zero tolerance”.
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More protection to be offered to wealthy Singapore investors
Wealthy investors in Singapore may soon be able to choose to be covered by the same protections as retail investors under proposals from the Monetary Authority of Singapore (Mas).
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Easier for UK advice firms to get corporate chartered status
UK financial advice firms applying for corporate chartered financial planner status from the Chartered Insurance Institute (CII) can face an easier time than their overseas counterparts.