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FCA warns over social media and online based investment fraud

FCA warns over social media and online based investment fraud
Expats with hefty pension pots are now even more at risk from online scams, according to a new FCA warning. Nowadays, it seems scarcely a week goes by without yet another financial scam being reported, along with investors’ losses and self-recriminations. It’s fair to say that expat communities worldwide have always been seen as happy...

Landmark UAE case convicts IFA of working illegally

Landmark UAE case convicts IFA of working illegally
As Dubai-based expat investors continue attacking a rogue financial advisor, the latest court case acts as a warning to expats in the Gulf States. It’s the same old story of an illegally working, unprincipled scam artist preying on expats with cash to invest. This particular offender, one Neil Grant, was caught due to his victims raising...

Expats marrying Thais must submit to fingerprinting and criminal record checks

Expats marrying Thais must submit to fingerprinting and criminal record checks
If you’ve recently holidayed in Thailand, met the love of your declining years and are looking to marriage and a long-term stay in the tropical country, expect to have your fingerprints scammed before you say ‘I do’. Reports of this controversial new law first surfaced on Phuket Island, and the issue has become a popular thread on a...

UAE worst in world for predatory expat financial advisors

UAE worst in world for predatory expat financial advisors
According to an expert investor and author whose life mission is protecting expats from fraudulent IFAs, the UAE is the world’s worst for risky investment mis-selling. In a round table discussion organised by the National English-language newspaper, Andrew Hallam compared the UAE’s market for long-term pension savings plans to...

Is the UK government serious about reversing the 15 year rule

Is the UK government serious about reversing the 15 year rule
Following the UK government’s decision to announce – again – their intention to grant votes for life to UK expats overseas, the media debate on the Overseas Electors Bill is heating up. According to Senior Lecturer in politics at Sussex University Sue Collard, whose article was published on the London School of Economics and...

UAE expats told not to panic as dollar rates get gloomier

UAE expats told not to panic as dollar rates get gloomier
If you’re a USA professional relocating to the UAE and have a mortgage or other financial commitments in the home country, keeping an eye on the dollar weighting might be a good idea. During 2017, the almighty dollar lost around 10 per cent of its value when measured against a basket of global currencies. Its first decline for five...

Spanish dog rescue centre in crisis due to founders death

Spanish dog rescue centre in crisis due to founders death
Albacete’s Hope for Podencos dog shelter may be forced to close due to the death of its founder and main benefactor. Many British expat dog-lovers heading for Spain find themselves involved with a local shelter once they’ve settled in, with the shelters welcoming volunteers as well as donations of dog food and cash to allow their...

New expat arrivals in Dubai warned over fraudulent IFAs

New expat arrivals in Dubai warned over fraudulent IFAs
A Scottish IFA has been convicted in a Dubai court of running an unauthorised financial advice business, thus allowing his expat victims to sue to recover their losses. The judgement is being recorded as a landmark decision as it’s one of the first convictions of its kind in any expat destination which allows clients who’ve lost money...

New Oman driving test rules to benefit expat males

New Oman driving test rules to benefit expat males
If you're heading to Oman on a new assignment, this new rule may make your life easier. Every male driver in Oman will soon be able to choose between taking a driving test on an automatic transmission car or a geared car. The move takes into account demands from the community that learning to drive and sitting for a driving test in...

Expats feel nostalgia for China when they return home for a visit

Expats feel nostalgia for China when they return home for a visit
Expats living and working in China are getting ‘missing China syndrome’ when they take time off to visit their home countries. The enigmatic land of China has been a focus for Western fascination for literally hundreds of years and is still casting its unique spell over this century’s expat workers. Assimilating into Chinese society...