Pinsent Masons
Regulation | 21 Aug 24
UK financial firms to get ‘more auditor challenges’ following FCA investigations
The auditor failed to identify and report 25 breaches of the CASS rules by two regulated firms
Tax paid by non-doms rises 8% in 12 months
With an average individual paying £123,000 in the past year
HMRC opened 25 tax fraud investigations into HNWs in 2022
UK government ‘is likely to continue to invest in this high-end form of tax enforcement’
UAE financial watchdog overhauls fund regulations
As it looks to create an industry ‘dominated’ by locally based products
UK non-doms drop 11%
Changes to the regime ‘could have a significant long-term impact’ to the British economy