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Dealing with scams

Clients should be extra vigilant if you receive any unexpected communications from third parties about their relationship with your Blacktower financial adviser or the company. If you do receive suspicious instructions, you are advised to check the legitimacy of these. If you believe you have been a victim of fraud, you should report it to the police as soon as possible. The sooner the fraud is reported, the greater the chance of containing or minimizing the damage.

Further advice can be found at –

UK – www.fca.org.uk/scamsmart

Gibraltar – https://www.fsc.gi/consumer-guides/fraud

Cyprus – https://www.fma.gv.at/en/the-cyprus-securities-and-exchange-commission-cysec-warns-scammers-are-impersonating-cysec-representatives/

USA – https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins

Cayman – https://www.cima.ky/know-your-money-dont-be-a-victim-of-fraud

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

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As we move through 2025, both Spain and the UK are undergoing significant tax and regulatory changes that may affect your financial planning. Below we highlight the most important developments. Across the EU, governments are required to deliver their budgets in October each year, aligned with multi-year fiscal roadmaps approved by Brussels. For Spain, delays […]

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Dutch Tax Exemption Rule Change Hits Expats

Pen and checkboxOpposition to the imminent changes to the Dutch 30% tax reimbursement scheme (see the Blacktower news feed) is growing. Now, VCP, the Dutch white collar workers’ union, has joined the dissenters by calling for, at the very least, a transition period for expat workers who will suffer unwanted changes to their Netherlands wealth management plans as a result of the amendments.

It is easy to see why so many people find the timetable for the ruling so unjust; those affected could see their incomes reduced by around 20% once the ruling comes into force in under six months.

It could also result in unwanted damage to the Dutch economy, with real fears that it could deter expat workers from coming to the Netherlands in the first place.

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