Tax & Regulation
Westpac fined A$9.15m over poor financial advice
Federal Court of Australia said former adviser breached best interest duties
Challenges abound in China’s newly established advisory scheme
Shifting away from the model where third-party channels get more fees if they are able to sell more funds
DFSA decision upheld over ex-Deutsche Bank compliance head
Tribunal found she ‘recklessly misled’ the Dubai regulator about details of the bank’s wealth arm
South African regulator withdraws licence from investment firm
For breaching its conditions by unlawfully promoting an unauthorised product
UK tax collector brings in £45m via mediation
But a law firm flags worrying drop in how often it was used in 2018/19