01/09/2017
New guidance from HMRC on inheritance tax residence nil rate band - Withers
HMRC have produced guidance and 18 case studies explaining points such as the following
Legal, Regulation & Compliance
01/09/2017
City watchdog admits security blunders
City regulator also revealed that it had lost confidential enforcement documents on more than one occasion
01/09/2017
Tax cheats jailed for more than 730 years in 12 months alone, new figures reveal
HMRC took 679 fraudsters, company directors, accountants and gangsters to court
01/09/2017
Irish Revenue Advises On Changes To Voluntary Disclosure Regime
Currently, those eligible for a qualifying disclosure face reduced penalties for the underpaid tax
01/09/2017
Swedish regulator names closet-tracker funds
But watchdog still has no official definition of index-hugging products
01/09/2017
Polish Lender to Appeal Against Tax Decision
Its shares were down 15% at 148.2 pence at 0813 GMT, the worst performance on London’s FTSE mid cap index.
01/09/2017
Libor trio to face confiscation orders next month, as hearing scheduled to begin in February
Confiscation proceedings take place following a guilty verdict or plea
01/09/2017
Banks risk missing 2019 ringfence deadline
Watchdog seeks pledge from lenders that changes will be made on time
01/09/2017
MCCAA launches two charters on financial and banking services
These charters also safeguard consumers’ financial interests as they prohibit hidden costs and expenses.
01/09/2017
Biggest banks each set to be hit with $200m regulatory costs
New Basel rules due to come in globally in 2019 will create need for 2,000 staff
01/09/2017
German banks stiffen opposition to risk weightings
They passionately argue the case of internal assessments being tough enough with their principal banks set to be impacted by a proposed global standard for how banks calculate the capital they need.
01/09/2017
Bank fraud landmark: TSB repays victim and admits giving criminal a bank account
Telegraph Money is campaigning for banks to improve their security and take quicker action when innocent customers make transfers to fraudsters' accounts.
01/09/2017
Focus On Europe Trust Litigation In Switzerland
This raises a number of practical issues for Swiss judges and prosecutors, as they have to juggle both the rules governing the trust, and their own potentially conflicting legal and procedural concepts.
01/09/2017
Zurich pays up over misleading IHT investment advice
A Zurich spokesman said: ‘Zurich notes the judgment delivered by the Manchester High Court. The events which formed the subject of the claim took place nearly 16 years ago, and Zurich ceased operating a network of advisers over 10 years ago. Zurich
01/06/2017
Four arrested as millions stolen from Kuwait office – Joint efforts bust gang in UK
The investigation also proved the money had been siphoned into secret accounts since 2009.
01/06/2017
Bank of Cyprus repays €11.4bn in emergency funds
That so-called emergency liquidity assistance has now been repaid by the company in full
01/06/2017
FSCS declares IFA in default following FCA restrictions
The FCA did say the firm could continue with advising on mortgages and general insurance
01/06/2017
FCA pays advertising giant £400,000 for PPI deadline campaign
PPI complaints make up around 35 per cent of complaints to the Financial Ombudsman Service
01/06/2017
Head of Barclays Japan questioned in Libor probe
Serious Fraud Office interviews former group treasurer in fresh inquiry
01/06/2017
Portugal's BPI cedes control of Angola's top bank
The 28 million euro ($29.7 million) sale of the two-percent stake allows BPI to reduce its exposure to Angolan government debt, which the ECB deemed too risky under new European banking laws that came into force in 2015.