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Expats in Kuwait to be banned from public hospitals within three years

By: Pedro Gonçalves | 13 Nov 2018

Expats in Kuwait are to be banned from treatment in public hospitals within three years, according to sources inside the health ministry, Kuwait Times reported. The health…

High net worth GCC clients ill prepared for transition of wealth

By: Pedro Gonçalves | 13 Nov 2018

High Net Worth clients in the Gulf region are poorly prepared and inadequately structured for the transition of wealth across generations, according to a survey from Jersey…

Schroders expands footprint in South Africa

By: Pedro Gonçalves | 13 Nov 2018

Schroders will now offer global investment services directly to South African clients as it has been granted a Category 1 Financial Services Provider (“FSP”) licence. As well…

Sterling-based investors and UK expats spooked on pound’s Brexit blues

By: Christopher Copper-Ind | 13 Nov 2018

Sterling-based investors and UK expats should take precautions against a volatile pound as it weakens on Brexit concerns, according to the CEO of deVere Group. DeVere’s Nigel…

UK investors pile £50 billion offshore amid Brexit uncertainty

By: Pedro Gonçalves | 13 Nov 2018

Brexit has caused investors to seek refuge from uncertainty as they poured more than £50bn into offshore funds following the referendum, according to transaction network Calastone. Since…

Swiss cryptocurrency firm X8 obtains Islamic finance certification

By: Pedro Gonçalves | 13 Nov 2018

Swiss-based cryptocurrency firm X8 has been certified for Sharia compliance by Islamic scholars as it prepares to launch operations in the Middle East. The Shariyah Review Bureau…

HMRC targets wealthy families with trusts

By: Pedro Gonçalves | 12 Nov 2018

Changes to Britain’s centuries-old trust regime are looming as HMRC is concerned that trusts are letting some families pay less inheritance tax than those who do not…

FCA bans rise 28% as conduct crack-down continues

By: Pedro Gonçalves | 12 Nov 2018

The Financial Conduct Authority has banned 23 so-called “bad apples” from working in the industry in the past 12 months, a 28% rise, says RPC, the City-headquartered…

Investment in SRI grows to $12trn in US

By: Pedro Gonçalves | 12 Nov 2018

Sustainable, responsible and impact (SRI) investing assets now total $12trn in the US, a 38% increase from 2016, according to the US SIF Foundation’s 2018 biennial “Report…

Jersey’s fast track regime with £19.4bn AUM

By: Pedro Gonçalves | 12 Nov 2018

The Jersey Private Fund structure (JPF), launched last year, is showing strong appeal across the alternative asset classes with 130 JPFs established by 30 June this year…

HSBC in talks to return to Brazil

By: Pedro Gonçalves | 12 Nov 2018

HSBC is speeding up negotiations to return to Brazil only three after the lender sold most of its operations in the country as Bolsonaro’s recent victory in…

Ex-Lumiere boss sentence delayed as he helps Guernsey police

By: Pedro Gonçalves | 09 Nov 2018

The case of ex-finance boss who lost £2.8m of his clients’ money in a fraudulent fund has taken a surprising turn of events as his sentencing was…

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