British lawyer found guilty in $14m US tax saga
A British lawyer has been convicted of helping a wealthy family hide millions in Swiss bank accounts.
Regions
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RL360° grows 5% despite ‘difficult market conditions’
Isle of Man-based life insurer RL360° grew its present value of new business premiums (PVNBP) by 5% in 2017, continuing the company’s record of year-on-year growth.
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Faulty Aviva platform sends advisers false 10% drop warning
Aviva has been forced to issue another apology to advisers after they were wrongly sent a notification that the value of their clients’ portfolios had dropped by more than 10%.
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Guardian Wealth hit with $1m fine by Qatar regulator
The Qatar Financial Centre Regulatory Authority has imposed two fines plus costs on Guardian Wealth Management Qatar (in liquidation), a move the company suggests is in retaliation to its decision to cease operating in the country in 2015.
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Appleby slams ‘absurd’ BBC gangster claims
Paradise Papers law firm Appleby has denied claims made by the BBC that Ukrainian gangsters used its offshore schemes to hide their ownership of London property.
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Recruitment woes squeezing Singapore advice firms
Firms in Singapore are under pressure to hire locally, making an already arduous process even more challenging, not to mention expensive!
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Paradise Papers expose gangster property owners
BBC reporters poring over the Paradise Papers say they have found evidence that Ukrainian gangsters bought luxury London properties with offshore help, a revelation that could support the media giant’s court defence that publishing the papers was in the public interest.
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Forgotten $1.8m cash fortune ‘worthless’
An unlucky heir who discovered a secure vault containing three billion in Italian lira in Switzerland is facing an uphill battle to buy anything with the fortune after the Bank of Italy refused to exchange the stacks of cash for legal currency.
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Harwood Wealth Management continues IFA buying spree
Harwood Wealth Management is showing no let up in its IFA firm buying spree after it struck a £1.56m deal to acquire retirement solutions specialist Plan 65.
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UK lifeboat scheme to pay 2,700 Beaufort clients in May
The Financial Services Compensation Scheme is aiming to reimburse circa 2,700 clients of defunct Beaufort Asset Clearing Services next month, provided their investment was worth less than £2,000 ($2,802, €2,280).
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Elaborate offshore pension liberation scam lands two in jail
Two fraudsters will both spend years behind bars after conning 16 victims out of their pensions to fund lavish lifestyles that included luxurious overseas holidays and high-end sports cars.
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Middle East clients dying younger warns Zurich
The average age of life insurance claimants in the Middle East is just 50, according to Zurich International Life’s yearly claims statistics.