Global Investigations Review - The law and practice of international investigations

UK financial regulator takes a serious look at cum-ex trades

By Michael Griffiths

17 April 2020

UK financial regulator takes a serious look at cum-ex trades London skyline (Credit: istock.com/mbbirdy)

The UK Financial Conduct Authority is investigating 14 financial institutions in connection with an alleged tax fraud that is estimated to have cost European countries over €50 billion.