One of the largest fines of 2025 comes after building society declared itself to the FCA.
HMRC
The new rules will apply even if investment managers have no reportable financial accounts.
There has been much speculation about potential ISA reforms ahead of the next UK Budget on November 26.
The changes are of importance to all financial institutions, especially e-money institutions and firms previously not registered for AEOI reporting with HMRC.
The SFO’s recent guidance is just one piece of a larger puzzle.
Incentivizing whistleblowers to target lawful tax planning practices is inherently problematic, says Martin Kenney.
As regulators extend their reach to the art world to combat money laundering, businesses and clients bear the brunt of new compliance requirements.