Tax & Regulation
US duo charged for running marijuana Ponzi scheme
They managed to con at least 25 investors out of $4.85m
DB transfer ‘gold standard’ slated
But PFS chief says it works with the UK regulator to complete checks
Jailed US doctor used Jersey to dodge tax
Also transferring money to Colombia and creating a bogus church
Hong Kong regulator raises concerns about illiquid assets
It now places responsibility with intermediaries to put in place sound risk governance structures
Prudential US fined $1m over inaccurate retirement plans
It sent incomplete information to clients which limited their investment choices