Offshore Investment

A former UBS banker has been sentenced to 40 months imprisonment after pleading guilty to conspiring to defraud the US.

US authorities have launched an attack on a Swiss banker and lawyer who they believe helped wealthy Americans conceal assets in secret Swiss bank accounts.

AXA Distribution Services is in talks to provide access to third party product wrappers through its Elevate wrap platform.

High Court rules it cannot endorse PwC proposal to speed up the return of assets to creditors, but firm says it may appeal

The pound fell to an 11-week low of €1.1461 yesterday despite bullish global equity markets.

HMRC has launched a revised version of its 302 page Residence, Domicile and Remittances Manual, including an updated chapter on the remittance basis.

Britannia International has launched a new issue of its Guaranteed Capital Bond due to demand.

The average rate of interest paid on Euro offshore savings accounts has dropped by 0.26% to just below 1% in the past three months, according to Investec Bank (Channel Islands).

UK building societies, including the Nationwide, and former mutuals have become the latest HMRC targets in a crackdown on offshore accounts, according to newspaper reports.

Friends Provident International (FPI) has launched a protection plan for expats and residents in Asia.