Qatar plans central regulator for Islamic finance sector
Financial services firms have been self-governing until now
Tax & Regulation
-
-
American CFO charged with defrauding retail investors
His firm raised more than $322m from 3,600 investors in four years
-
Aussie watchdog wealth management investigations up by 216%
The Australian watchdog issued five infringement notices and A$307,800 in penalties in H1 2019
-
Prudential loses court case over £12bn annuity transfer
But agreement with Rothesay Life ‘remains in place’
-
Ex Barclays Wealth COO dodges ban over misconduct
But UK regulator issued a public notice regarding his actions
-
UK investment scams up by over a third in five years
But pension fraud reports decreased significantly
-
HSBC GAM Int’l in Jersey to re-home unknown client assets
HM Receiver General in the Channel Island to look after assets as company’s liquidation is finalised
-
Firm linked to London Capital & Finance has collapsed
It raised almost £8m by selling mini-bonds to hundreds of investors
-
Isle of Man investment platform receives banking licence
It will offer services to HNWs and corporate clients with at least £500,000 in assets
-
UK taxman cannot disclose pension recycling data
Breaches are treated on a case-by-case basis but lack of information risks leaving people in the dark
-
Drop in non-doms hits UK coffers
Taxman sees £2.5bn less in revenue coming in from people residing outside the country
-
Collapsed wealth firm charged investors 20% fees
And pushed advisers to promote its portfolios to DB pension transfer and Sipp clients