International finance centres tighten the screws on the offshore regulation of IFAs

Offshore financial products tend to be more complex than onshore versions, both in legal structure and in underlying investments, and yet until the last few years there has been less supervision of the sale of offshore products than onshore. International finance centres throughout the world are now tightening the screws on the regulation of intermediaries with regard to the mis-selling of products ' both through misrepresenting products or through lack of client understanding. There is still little understanding of formal regulation of the marketing and sales administration of offs...