UK seeks industry help to wipe out £24bn cost of crime
The UK Government is raising awareness of the signs of money laundering and the risks firms and professionals face if caught facilitating or failing to reporting financial crime.
The UK Government is raising awareness of the signs of money laundering and the risks firms and professionals face if caught facilitating or failing to reporting financial crime.
Officials in Zurich reported a three-fold rise in the number of tax evaders voluntarily turning themselves in during 2017, as international regulations requiring Swiss banks to share details of offshore clients takes effect.
Sterling Trust has launched a specialist arm of the business, offering a variety of bespoke products to the international market place.
Regulatory activity across the world shows no signs of abating as 2018 gets up and running.
In its ongoing fight against tax evasion, HM Revenue & Customs has revealed its top ten tax fraud and organised crime cases of 2017. The list includes people with offshore accounts, a would-be spy, millionaires, accountants and data thieves. All cases came with large prison sentences.
Financial advisory firms operating in the UAE say while they still have questions about how the government’s new Value Added Tax (VAT) impacts the financial sector, it is better to be safe than sorry and assume it applicable to the services they provide.
Saudi Arabia and the United Arab Emirates introduced a Value Added Tax (VAT) levy for the first time on 1 January, which is expected to produce an income of $3.3 billion for the UAE government in just one year.
Five years after the US introduced stringent regulations that required foreign financial institutions to report the assets of US-domiciled clients, Swiss IFAs tell International Adviser the move has created greater specialisation across the industry and is still having an impact.
The European Commission is to push back the Insurance Distribution Directive (IDD) by seven months to 1 October 2018.
Celebrities including Premiership footballers embroiled in the failed Ingenious Film scheme have lost their tax relief appeal with HM Revenue and Customs.
The establishment of new financial regulators and an overhaul of tax exemptions for expats were some of the top read stories by our South African audience in 2017. To see the others click through the slides.
A new multi-wrapper platform, China’s asset management industry topping $7.5trn and a Hong Kong IFA firm having its office raided were some of the top stories for our audience in Asia in 2017. Click through the slides to see the others.