The number of serious tax evasion cases in the UK jumped by 8% in 2015/16, with another nearly 3,000 suspected instances referred to HM Revenue & Customs for specialist investigation, according to Pinsent Masons.
The Monetary Authority of Singapore (MAS) has announced plans to set up a new department to centralise and strengthen its enforcement capabilities.
A British financial adviser and his boss have been banned from working in the financial services industry for lying to clients about where they invested pension pots totalling nearly £24m ($34.9m, €30.7m).
The Australian corporate regulator has decided to prosecute a financial advisory business for alleged breaches of a new law which requires firms to ensure their advisers put the interests of clients first.
An EU investigation into a Spanish law, which requires every expat to declare all their foreign assets worth over €50,000 (£39,353, $56,762) or face heavy fines, may drag on for years, European advisory firm Blevins Franks has revealed.
Paul Stanfield, head of The Federation of European Independent Financial Advisers, has slammed the key information document (Kid) as “unworkable”, warning that implementing it in its current form would reduce choice for consumers.
International IFA firm Strabens Hall says it no longer faces “inevitable insolvency” due to £1m in claims over ill-fated investments in the collapsed Connaught Income funds after reaching an agreement with its professional indemnity insurer.
The UK tax office has raised £174m ($255m, €220m) from a tax on British homes owned by companies, latest data from London and Geneva-based law firm Collyer Bristow suggests.
A group of financial advisers and accountants have been found guilty of operating a fraudulent tax avoidance scheme to scam the HM Revenue and Customs (HMRC) out of £100m (£145m, €128m), the UK tax office has revealed.
HM Revenue & Customs (HMRC) has withdrawn hundreds of accelerated payment notices (APNs) it issued to taxpayers after a court found it had no right to pursue individuals under the employee benefit trust (EBT) arrangements.
The Isle of Man has begun accepting applications for a new banking licence aimed at non-retail deposit takers, which can be issued to high net worth individuals or new business startups.
More than a tenth of UK advisers have seen clients discouraged from using legitimate tax planning strategies as a result of high profile scandals, according to Old Mutual Wealth (OMW).
