UK a world leader in fight against money laundering
It opens around 7,900 investigations; with 2,000 prosecutions and 1,400 convictions each year
Tax & Regulation
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Jersey passes Brexit contingency plan laws
Legislation means the channel island avoids inclusion in the EU blacklist for tax havens
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UK regulator hitting individuals with bigger fine
FCA denies changing tactics as total value of penalties drops 88% in 2018
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ANZ pondering wealth deal after regulatory action
Australian regulator is seeking to disqualify some of IOOF Group’s managerial team
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Due diligence for Tier 1 Investor Visas should be ‘improved’
Henley and Partners believes changes are needed but the scheme does ‘contribute significantly’ to UK
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FCA proposes rule change for ‘inherently risky’ products
The regulator is concerned about the ‘poor conduct’ of firms selling binary and CFD products
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‘Aggressive’ HMRC must have powers reviewed
UK’s House of Lords deemed current pursuit of tax avoidance a threat to the rule of law
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Establishing a family office in the UK for an overseas family
Running a UK family office has unique issues, says Irwin Mitchell Private Wealth’s Alex Ruffel
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British pensioners think they are too savvy to fall for scams
But victims lost an average £91,000 each in 2017
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Natixis affiliate to open Singapore office
Firm has applied for fund management licence with the Monetary Authority of Singapore
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First UK pensions dashboard set for 2019
But governance, compulsion, regulation, the timetable and funding questions remain
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Hong Kong regulator working to widen fund distribution
Banks currently dominate distribution channels