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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.sec.gov/investor/alerts

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

Other News

What are the best cities to move to in Spain?

Any expats looking to move abroad from the UK to Spain will obviously need to decide where to make their new home. Like many other popular Mediterranean countries, the majority of cities in Spain boast sun, fun, and fantastic culture, but if you’re looking for something particular, the following cities may be just the right […]

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QROPS Uptake is in Decline but Suitability is Still the Key Question

Tick and CrossNew data from HM Revenue & Customs reveals that the combined value of retirement transfers to QROPS fell to £740 million in the 2017-2018 tax year, the first period since the government introduced a 25% tax charge, with the number of pension transfers down to 4,700 from 9,700.

Given the scale of the pension transfer tax, the drop recorded by HMRC in QROPS transfers should come as no surprise. However, as the figures do not differentiate between transfers made by UK citizens and expat retirement transfers, it is difficult to know what, if any, difference the new levy has had on the decisions of expats.

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