APFA criticises FCA over its scrapping of fee
The Association of Professional Financial Advisers (APFA) has said it is disappointed in the FCAs decision to scrap a review of the methods it uses to calculate regulatory fees.
The Association of Professional Financial Advisers (APFA) has said it is disappointed in the FCAs decision to scrap a review of the methods it uses to calculate regulatory fees.
BNP Paribas is facing a potential $10bn fine from the US Justice Department to resolve a criminal probe into allegations it evaded US sanctions against Iran, according to a report in the Wall Street Journal.
MiFID II, arguably one of the most far-reaching pieces of financial legislation to hit European shores in recent decades, is already beginning to have a direct impact in some corners of the Continent.
Isle of Man Government chief minister Allan Bell has defended its decision to stop funding a Standard & Poor’s rating for the island following concerns raised by one of the international life companies.
Almost five months after the Czech Republic enacted legislation introducing trusts, a group of trust law experts have come together to establish the Association for Support and Development of Trusts.
HM Revenue & Customs pulled in nearly £24bn of extra tax revenue last year following its controversial campaign to close in on tax avoidance.
The Financial Conduct Authority (FCA) has welcomed in a new independent body aimed at restoring the damaged reputation of the financial services industry.
Barclays Bank’s reputation has taken another heavy blow this morning after the Financial Conduct Authority handed it a £26m fine for failing to manage conflicts of interest in relation to gold trading.
HM Revenue & Customs has been accused of “railroading” taxpayers into making payments, in yet another scathing assessment of its approach to tax avoidance.
The Bahama’s financial services minister Ryan Pinder has called the OECD’s initiative for automatic exchange of tax information between jurisdictions a “flawed” concept, arguing the case for bilateral rather than multilateral agreements.
Liechtenstein has signed an agreement with the US in order to assist with the implementation of FATCA.
Credit Suisse has pleaded guilty to conspiracy to assist US customers in presenting false income tax returns and has paid a settlement to the US Government of $2.8bn.