Four charged over roles in $295m global crypto Ponzi scheme
Investors were told they would receive minimum returns of 0.35% daily
Tax & Regulation
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Jersey regulator bans ex-Lumiere Wealth financial adviser
After he was given a seven-year prison sentence in 2018
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FCA clamps down on over 4,000 financial promotions in 3 months
Regulator warns unauthorised firms and individuals are looking to take advantage of the rising cost of living
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Eight-year ban for director over hotel investment scheme
Disqualification ‘should serve as a stark warning’
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Financial advice firm goes bust
FSCS has already received five claims against it
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HMRC ‘quiet scandal’ as overtaxation of pension withdrawals soars
It has had to pay back £925m since pension freedoms were introduced
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Portugal to axe golden visa scheme?
The European Commission ‘is putting EU countries under increasing pressure to change residence’ programmes
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Private bank obtains Cayman licence
It can now offer services to HNW individuals residing in the region
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FCA prosecutes five over roles in £1.2m investment scheme
Some of the defendants allegedly used victims’ money to fund their lifestyles
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6,000 Brits trigger MPAA restrictions every week
148,000 accessed their pension in the first half of 2022
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Crypto firm shut down for scamming investors
It promised victims returns of up to 200%
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SEC unveils stricter outsourcing requirements for advisers
Regulator places due diligence and monitoring in the spotlight