Victims of dodgy international Sipps to be compensated
Many investors whose pensions were unscrupulously ploughed into storage pods, diamonds and international property will be able to get their money back, the UK’s compensation service has ruled.
Many investors whose pensions were unscrupulously ploughed into storage pods, diamonds and international property will be able to get their money back, the UK’s compensation service has ruled.
The chief executive of the Financial Conduct Authority has wholly rejected a report from the Work & Pensions Select Committee that said the UK watchdog of “sleepwalking into another mis-selling scandal”.
Plans to scrap a class of anonymous shares in Switzerland could deal another blow to the country’s traditionally secret banking practices.
Regulation is a sideshow in wealth management, according to Embark chief executive Phil Smith.
Brexit must not interfere with the way criminal professionals are pursued throughout the UK and Europe, the head of the UK’s Serious Fraud Office (SFO) has warned.
The European Union’s finance minister is expected to remove almost half of the jurisdictions, including Panama and the UAE, from the tax haven blacklist next week, in a move that critics may see as a watering down of its tax avoidance campaign.
French residents no longer have to pay a wealth tax on savings and investment income, after sweeping tax reforms came into effect limiting it to real estate.
Embattled Convoy Global has warned investors against dealing with shares that it alleges were wrongly allotted to six individuals; including the company’s second largest shareholder, who recently failed to remove several executive directors in a thwarted boardroom takeover.
A former private banking head at Standard Chartered Bank in China has been charged by Hong Kong’s Independent Commission Against Corruption (ICAC) this week with accepting a bribe.
Real Madrid midfielder Luka Modric has reportedly paid €1m (£880,000, $1.2m) to Spanish authorities after appearing in a Madrid court on tax evasion charges.
The US Treasury Department “disagrees” with the recently released EU tax haven blacklist, arguing that it “undermines” international standards put in place to identify non-cooperative tax jurisdictions, according to a letter sent to the EU security general.
India is thought to have more citizens living abroad than any other country in the world, estimated by its government to exceed 30 million.