Jersey
People Moves | 20 Jun 17
Jersey’s finance minister out as chief minister clings on
Jersey’s assistant chief minister Philip Ozouf has been ousted, having only returned to the political fold on 26 May after he resigned in January, with chief minister Ian Gorst maintaining his slim grip on power following calls for a vote of no confidence.
Best Practice | 12 Jun 17
Financial advice tops Channel Island Ombudsman complaints
Nearly half of the investigations handled by the Channel Islands’ Financial Ombudsman (CIFO) last year related to investments and funds, with financial advice the single most complained about area.
Tax scam mastermind who duped Crocodile Dundee star arrested
The man at the centre of Australia’s biggest ever tax evasion scandal that ensnared Crocodile Dundee actor Paul Hogan is understood to have been arrested in Italy.
JTC adds Isle of Man presence with Merril Lynch acquisition
Jersey-headquartered JTC Group has acquired Merrill Lynch Wealth Management’s International Trust and Wealth Structuring (ITWS) business, which provides the administration of trust services for the firm’s international advisory clients.
Tax & Regulation | 12 May 17
Four arrested in connection with Guernsey’s Providence funds
Four men have been arrested on suspicion of fraud as part of the ongoing investigation into the collapsed Guernsey-based Providence Investment Fund that saw some investors lose their life savings.