Colombia’s Falcao accused of €5.5m tax fraud in Spain
Colombian footballer Radamel Falcao faces trial for allegedly defrauding the Spanish Treasury of €5.5m (£4.7m, $6.2m).
Colombian footballer Radamel Falcao faces trial for allegedly defrauding the Spanish Treasury of €5.5m (£4.7m, $6.2m).
British prime minister Theresa May’s pledge to abolish the Serious Fraud Office (SFO) has been blasted as a “great danger” as critics voice concerns it will harm how white collar crime is tackled in the UK.
The realities of Mifid II are beginning to dawn as advisers across Europe start to realise that commission transparency will be led by product providers, which could leave them feeling a bit exposed, says Shane Wood, business development manager for European IFA network OpesFidelio.
Guernsey’s financial regulator has issued a warning about an organisation on the nearby tiny Channel Island of Sark, where it has a website promoting a company registry there for the first time.
The Financial Conduct Authority (FCA) has found “unacceptable” levels of disclosure in over 40% of the financial advisory sector as it releases the results of its Assessing Suitability Review.
A “heartless” adviser and his wife have been found guilty of swindling people out of £1.7m (€1.9m, $2.1m) after the longest trial in UK criminal history.
The president of Indonesia has signed emergency regulation giving the tax authority access to account information held by financial institutions months after $333bn in assets was disclosed under the country’s hugely successful amnesty programme.
A former financial adviser in the UK has denied forging clients’ signatures so he could invest £1.26m (€1.47m, $1.62m) of their money into a high-risk Polish property fund for his own benefit.
Britain’s opposition Labour Party has set out plans to increase income tax to 45% for those earning over £80,000 (€94,265, $103,242) and introduce a new 50% rate on earnings over £123,000.
Two fifths of business owners and entrepreneurs are pursuing a “giving while living” approach when it comes to estate planning, according to a new report by RBC Wealth Management, creating the “biggest opportunity” for financial advisers.
DeVere Investments has appealed a court ruling that it must pay ZAR3.7m (£217,380, $280,535, €256,142) in outstanding commission, notice paid and an unpaid portion of a bonus to an area manager it fired.
Twenty-four victims of pension fraud lost a record £8.6m ($11.1m, €10.1m) in March 2017, a 10-fold increase from the previous month, figures from the City of London police reveal.