Europe
Police raid 12 call centres across Europe for making thousands of ‘fake investment’ calls
39 fraudsters were involved who cost the victims potentially more than €10m
Isle of Man FSA warns scam letter uses its logo, authority and names company
The claims were ‘false and the authority would never make the declarations exampled within the document’
Canaccord Genuity WM names David Muncaster for newly-created international distribution role
He will cover UK distribution, Guernsey, Jersey, and the Isle of Man and oversee the international sales in Europe, Middle East, and Asia.
Industry cites ‘excellent’ list of international advisers amid Brite Advisors Sunday Times report
The Sunday Times piece emphasised the scale of operation involving multiple regulators
Zurich reports ‘outstanding’ financial strength ratio, though lower than previous year
The Financial Condition Report is a regulatory disclosure required by law and specified by the Swiss Financial
Market Supervisory Authority FINMA