Isle of Man tax avoidance promoter fined £150,000
It ‘used a series of tactics to try and frustrate’ HMRC
Fine
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US regulator fines 12 firms for regulatory breaches
It has now charged 42 companies for failing to meet client reporting obligations
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Dubai firm director slams DFSA after failed fine and ban appeal
He says ‘no accusations of fraud or wrong-doing took place’ and ‘no clients’ lost any money
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Aussie advice firm handed A$6m fine
Penalty ‘sends a strong message to financial services licensees to properly monitor’ authorised representatives
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Fine and ban upheld for Dubai financial services firm director
He appealed decisions handed down by the regulator in November 2021
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Guernsey trust company and directors fined £400,000
They ‘failed to monitor and manage the financial crime risks associated with its customers’
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Hong Kong regulator suspends insurance brokerage licence
And hits it with a financial penalty
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Gam International Management handed £9.1m fine
And ex-bond manager receives a £230,037 penalty
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UK advice firm fined for breach of cold calling ban
It instigated over 107,000 unsolicited marketing calls about pension schemes
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Westpac agrees to pay A$113m penalty
After regulator alleges the bank charged advice fees to over 11,000 deceased customers
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Isle of Man trust company fined
With three directors deemed not to be ‘fit and proper’
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Dubai regulator fines former financial services firm director
He has appealed the decision and the case will go to a tribunal