Pro-Life

Professional Adviser
clock

The offshore life industry has suffered from its association with money-laundering activities and lax legislation. However, a tough approach by the OECD and the Federal Reserve has resulted in a highly regulated industry

The offshore life industry has often been unfairly associated with relaxed legislation and money laundering. The reality is quite different. Offshore centres, which were already under the scrutiny of the OECD and the Federal Reserve, have found their activities receiving even closer attention since 11 September. Underlying the horror of the attacks was the remarkable realisation that the terrorists involved were well funded, and operated a complicated network of financial operations to fund their activities. Of further alarm was the truly global reach of Al Qaeda's assets, and its capab...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •