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Why now is the time to visit Miami for a taste of history as well as present day luxury
The UK taxman has not charged any British firm with the ‘failure to prevent tax evasion’ offence since it was introduced six years ago, HMRC has confirmed. Under the offence, introduced in 2017, a British company can be criminally prosecuted if it was found to have not put adequate checks and systems to prevent its [...]
The UK Government has lost £21bn worth of taxpayers money due to fraud since the start of the pandemic, that is “very unlikely” to be unrecovered, according to the National Audit Office (NAO). The NAO said that many public bodies are unaware of the amount of fraud they face, as it revealed that levels of [...]
RSA has set out its plans to exit the car insurance business in the face of “extremely competitive” market conditions. In a statement, RSA said it had struck an agreement to “introduce” car insurance customers held through its More Than business to UK rival Swinton, with a view to boosting its business, home and [...]
Axa’s UK chief executive Claudio Gienal is willing to admit he’s a tough boss. Speaking to City A.M., the Swiss exec, who took up his position as the head of Axa’s UK & Ireland business in 2017, is very clear that he doesn’t like “excuses”. He’s also clear that the people around him have to [...]
Lloyd’s of London’s war underwriters have begun setting aside cash reserves as they prepare to pay out on a flurry of claims from the owners of ships stuck in Ukraine’s territorial waters. The insurance market is readying itself for a new wave of claims from shipowners that have now become viable following the anniversary of [...]
French authorities today raided the Paris offices of five major banks – including HSBC, BNP Paribas, and Société Générale – in relation to an ongoing fraud and money laundering investigation. In a statement, France’s national fraud prosecutor said the raids relate to a preliminary investigation into so-called ‘cum cum’ schemes, which was opened in December [...]
Trade unions have hit out at the UK government over its decision to let the company that owns P&O Ferries run the new Thames Freeport development – after the Dubai-owned shipping company “chose” to break the law by firing nearly 800 staff last year. TUC general secretary Paul Nowak slammed the government’s “appalling decision” to [...]
China has vowed to toughen its stance towards the Big Four accounting firms after hitting Deloitte with a £25m fine for auditing failures. After meeting with Deloitte’s global chair Sharon Thorne, China’s Ministry of Finance (MoF) outlined plans yesterday to “strengthen” its supervision of the country’s audit sector by “strictly” enforcing “financial discipline.” China’s vice [...]
In wake of the P&O Ferries scandal, new laws have been introduced to ensure seafarers with close links to Britain are paid the national minimum wage. The move has been taken in a bid to improve working conditions on ships after P&O Ferries decision to fire 800 of its staff last year. Shipowners will now [...]
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