Malaysia seeks $7.5bn in 1MDB reparations from Goldman Sachs
Prosecutors filed charges against the US bank in connection with its role in the wealth fund
Tax & Regulation
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Dolfin’s ‘hybrid’ business model eases regulatory struggles
The head of wealth management thinks his firm has solved issues for its relationship managers
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Gibraltar ‘not surprised’ by EU exclusion from no-deal Brexit plan
The Rock was also found to have given €100m illegal tax advantages to multinationals
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UK government bans cold-calling on pensions
The ban will come into effect on 9 January 2019
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Dubai regulator plans rules for fund platforms
DIFC proposes to add a different type of investment company for managing multiple funds
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Singapore’s MAS extends ban on former Goldman Sachs director
This comes after an admission to criminal charges brought against the former employee by US authorities
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Who’s to blame for the pensions transfer debacle?
Some accuse the FCA of using skewed data to paint a negative picture, others fault advisers
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Goldman Sachs facing $3.3bn in fines over 1MDB fraud
Malaysia’s attorney general says Goldman misled investors and knew funds would be misappropriated
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EU orders two-year delay on KID rules for Ucits funds
‘Investors now face being misled by Kids for years to come’ warns AIC chief executive
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FCA seeks feedback on patient capital in retail funds
Budget 2018 sought to reduce barriers to investing in illiquid UK growth businesses
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UK government slammed for U-turn on ‘golden visa’ suspension
Millions of pounds of investment potentially put in jeopardy
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What impact will senior manager changes have on insurers?
All dual-regulated insurance firms now fall under the UK’s Senior Managers and Certification Regime (SMCR)