Hong Kong
OECD backs Guernsey in fight against tax haven status
The OECD has backed Guernsey in its fight against tax haven status, describing the crown dependency’s inclusion on the European Commission’s list of top 30 non-compliant tax jurisdictions as “very surprising”.
Hong Kong tribunal backs SFC verdict to fine fund house
Hong Kong’s Securities & Futures Appeals Tribunal (SFAT) has backed a decision to fine and reprimand asset manager, Pride Fund Management, for refusing to resolve a financial dispute with a client.
Capstone Financial launches in-house DFM service
Hong Kong-based advisory firm, the Capstone Financial Group, has unveiled its own discretionary fund management (DFM) service to help centralise client accounts and steer the business towards a fully fee-based structure.
Standard Life pulls out of Singapore
Standard Life is to close its insurance operation in Singapore and will stop accepting new business with immediate effect.
Blacklisted nations slam EU over ‘unacceptable’ tax haven register
The Organisation for Economic Cooperation and Development (OECD) has spearheaded complaints from a host of countries disputing their “arbitrary” inclusion on a list of tax havens released by the European Commission last week.