GAM whistleblower triggered fund manager probe
Chief executive says group will protect employee who blew the lid off star manager’s conduct issues
Whistleblowing
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Extradition verdict looms for HSBC tax evasion whistleblower
Former HSBC employee leaked over 100,000 records from the bank’s Swiss private banking arm
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Whistleblower in HSBC tax evasion case set free after arrest
A whistleblower who leaked more than 100,000 records from HSBC’s Swiss private banking arm, which led to tax evasion probes across the world, was arrested in Spain but released a day later.
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Fewer UK whistleblowers stepping forward
The UK needs to treat its whistleblowers better, according to a law firm which unearthed Financial Conduct Authority data.
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Jersey’s assistant chief minister resigns over fund failings
Philip Ozouf, assistant chief minister of Jersey, has stepped down following the publication of a report highlighting a catalogue of failings in how the island’s Innovation Fund awarded more than £2m ($2.5m, €2.3m) of taxpayers’ money to start-ups.
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BlackRock fined $340k for removing whistleblower incentives
BlackRock has agreed to pay $340,000 (£278,844, €318,931) to settle charges that it forced soon-to-be ex-employees in the US to waive their ability to claim financial rewards for whistleblowing.
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Ex-Julius Baer ‘whistleblower’ cleared of secrecy law breaches
A former Julius Baer banker accused of passing sensitive data to WikiLeaks has been given a 14-month suspended sentence after a Zurich court turned down prosecution demands that Rudolf Elmer be convicted of breaching Swiss bank secrecy laws despite being based in the Cayman Islands, according to media reports.
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FSCS payments reach record high over risky Sipps investments
Payouts to UK consumers, aggrieved by poor life and pensions advice, have more than doubled due to an increase in high risk Sipp investment claims, new figures from the Financial Services Compensation Scheme (FSCS) show.
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Ex-lovers and colleagues fuel rise in tax whistleblowing
Experts have said that a 50% leap in payments by HM Revenue & Customers to tax informants could be driven by ousted spouses and angry ex-colleagues