sfc suspends able alliance director
The Hong Kong regulator has suspended a director of advisory firm Able Alliance International Limited, for the late filing of financial statements and making false claims.
Tax & Regulation
-
-
iom warns on alpha fund management
The Isle of Mans Financial Supervision Commission has issued a warning in relation to Alpha Fund Management, a potentially fraudulent entity claiming to be located on the island.
-
spain approves first ever trust tax amnesty
The Spanish government last week approved its first ever trust tax amnesty for individual and corporate taxpayers.
-
eu code of conduct group to further ponder
The EU Code of Conduct Group is due to discuss Guernseys zero-10 corporate tax regime at its next meeting on 17 April, as the only one of the three Crown Dependency islands not to have received the Code Groups nod of approval for its zero-10 scheme last year looks to get it in 2012.
-
swiss government issues arrest warrants
The Swiss federal government has issued arrest warrants for three German tax officials for their role in the purchase of banking information in 2010.
-
cisi introducing ethics tests for members
The Chartered Institute for Securities and Investment is introducing mandatory integrity and ethics tests for all its members, as part of its commitment to promote high standards in financial services.
-
iom warns on potential shock from volt
The Isle of Mans Financial Supervision Commission has issued a warning on Volt Inland Capital, a potentially fraudulent entity which claims to occupy the same address as the regulator.
-
fsa fines coutts for serious and systemic
Coutts has been fined £8.75m by the Financial Services Authority for anti-money laundering control failings, which the regulator termed “serious, systemic and allowed to persist for almost three years”.
-
former citi adviser banned for madoff style scheme
The Hong Kong regulator today banned a former private banker at Citigroup Global Markets Asia from the financial services industry for ten years, for operating a ponzi scheme.
-
sfc waives fees for hk advisers
Hong Kongs Securities and Futures Commission will waive its annual licensing fees for a two-year period from 1 April, 2012, it announced today.
-
jersey signs dta with qatar during middle east
Jersey has signed a double taxation agreement with Qatar as part of a five day visit to the Middle East region by representatives from Jerseys finance industry and government.
-
number of uk non doms falls 16
The number of individuals registered with HM Revenue & Customs as non-doms in the UK has fallen by 16% in the two years since a £30,000 annual levy, which permits these non-doms to keep their income free of UK tax obligations, was introduced, data obtained by the McGrigors law firm shows.