09/24/2018
Value of M&A deals of US companies targeting UK businesses up 115% to £79bn
The confidence that US investors have placed in the UK is indicative of the underlying strength of UK businesses and the openness of its economy.
Legal,Regulation,Tax & Compliance
09/23/2018
Switzerland Offers Support to Blockchain Businesses Wanting Cryptocurrency Banking Access
As the country faces the loss of cryptocurrency projects as the baking industry prevents access, new guidelines were issued by the Swiss Bankers Association (SBA).
09/21/2018
Digital wealth manager launches partnership with venture capital firm
Tiller Investments, the online wealth manager, has struck an agreement with West Hill Capital.
09/21/2018
Switzerland and Israel share thoughts on ICO regulation
Swiss officials visited Israel this week to open a dialogue on how best to regulate ICOs (initial coin offerings) and the wider blockchain and cryptocurrency spaces.
09/21/2018
Murder for £10 BILLION fortune
Janowski allegedly spent €250,000 to hire contract killers
09/20/2018
Ex-UBS FA Sues to Vacate Finra Award
But the broker is arguing that two of the arbitrators violated the industry’s self-regulator’s procedures, AdvisorHub writes, citing a petition to vacate the award filed in the southern district of New York by Miller’s lawyer.
09/20/2018
New trustee licensing requirements on the horizon
The act will fundamentally overhaul the existing financial services regulatory framework and create a new supervisory regime governing all financial institutions.
09/20/2018
Unilad ‘resolving tax situation’ with HMRC
A petition has been made at the Companies Court to wind up a company linked to the website.
09/20/2018
Third Belgravia fraud suspect back in Jersey to face charges
From the Philippines to the Channel Islands
09/20/2018
How Puerto Rico Became the Newest Tax Haven for the Super Rich
A year after the tragedy of Hurricane Maria, the 51st state has become the favorite playground for extremely wealthy Americans looking to keep their money from the taxman.
09/20/2018
Wayne Rooney facing multi-million pound bill over controversial tax avoidance scheme that has gone bust
The footie star, who is settling into a new home in the US following his move to MLS side DC United, used film investment partnership Invicta 43 to shelter a total investment of around £12.5million
09/19/2018
Few countries are pricing carbon high enough to meet climate targets
New carbon pricing initiatives in some countries, such as China’s emissions trading scheme and renewed efforts in Canada and France to price carbon, could significantly reduce these gaps.
09/19/2018
Why discourage non-dom wealth when it’s never been needed more?
Jeremy Arnold from Withers LLP tells Spear's that political rhetoric, point scoring, and an avalanche of legislative changes have started to take a toll on non-dom taxpayers
09/19/2018
Spain rejects extraditing HSBC whistleblower to Switzerland
Hervé Falciani leaked details of HSBC clients whom he said he suspected were evading tax
09/19/2018
China Cybersecurity and Data Protection: What you need to know about China's own GDPR
The Standards are the first set of national standards on personal information protection and are a key step to implementing the personal information protection provisions in the Cyber Security Law.
09/19/2018
Pru and Old Mutual avoid sanctions after FCA closed-book review
Abbey Life, Countrywide, Old Mutual, Police Mutual, Prudential and Scottish Widows were singled out for further review.
09/19/2018
How Misplaced Trust in Advisors Contributed to Massive Fraud Against Pro Athletes
Among the factors that increase the chance of an athlete being defrauded is misplaced trust in financial advisors, business managers and family, according to the report.
09/19/2018
KPMG admits misconduct on BNY Mellon reports, says watchdog
A disciplinary tribunal will be convened to decide what sanctions should be imposed, the FRC said, adding that no client money or assets were lost as a result of the misconduct.
09/19/2018
UK Treasury’s ‘proactive’ approach to cryptocurrencies welcomed by deVere
The report concludes: “Regulation [is] needed for…crypto-asset market” and that the “ambiguity of the UK Government and regulators’ position is clearly not sustainable.”
09/19/2018
Iceland has made it illegal to pay women less than men
A new law in Iceland making it illegal to pay women less than men came into effect on January 1, 2018