SIPPJan 24 2018

Pension provider STM reports profits boost

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Pension provider STM reports profits boost

This hearing has now been cancelled, the group said.

Mr Kentish had been arrested in Gibraltar in October over allegations of a failure to disclose information over a tax dispute involving a client.

But he was later released without charge and an application for judicial review against the Royal Gibraltar Police was filed to the Supreme Court.

At the time of Mr Kentish's arrest, STM said one of its clients had been involved in a dispute between two countries, between 2008 to 2013, over their respective rights to the taxes paid by him.

Until it was clear that the issue was a tax dispute, Mr Kentish followed compliance procedures in filing two relevant suspicious activity reports, which were externalised to the Gibraltar Financial Intelligence Unit, the company stated at the time.