Micro News

The UK have set up a Crypto-asset Taskforce aimed to better identify and legislate areas within the digital blockchain world. The initiative was established by the UK Treasury in March earlier this year; and has published its final report, laying down the ground stones for full settlement of the UK policies…

US Law firm Daltons have recently published detailed advice for legal attorneys travelling with confidential client information and their rights on forced disclosure or seizure. fear the seizure or forced disclosure of confidential client information at state or international border crossings when travelling. For…

Prosecutors in Germany have raided the Frankfurt headquarters of Deutsche Bank and five of its other offices in the vicinity. They are investigating claims that two employees set up overseas bank accounts at a subsidiary firm from the bank that is registered in BVI, that clients were reportedly utilising…

Fifteen countries have been threatened of being publicly identified by the OECD for not implementing its tax transparency standards, OECD secretary-general Ms Gurriá announced the name and shame plans in Buenos Aires at the G20 Leaders' Summit last week. The OECD wants to report the results of talks…

The government in Netherlands have published a list of low-tax countries that will be subject to new Dutch-sourced tax, that will be chargeable all overseas entities and companies classified as having little-to-no substance. The existing withholding tax rate on shares will also be removed. The listed…

The United Arab Emirates government have announced a new visa system available for investors starting next year in 2019. Going forward, a new five and ten-year residence scheme for investment visas will be implemented; especially designed for entrepreneurs and employees with specialist talent that want…

Two HNW property developers in Canada are suspected of money laundering and have had the first use of the proceeds of crime seizure law enacted on them. The Canada Revenue Agency has enacted the Criminal Code crime provisions for the first time ever to confiscate 6 properties in Canada and a vehicle…

Later this week, (December the 7th), a delegation team from the Cayman Islands government will arrive in the UK. The UK’s Foreign & Commonwealth Office will discuss their constitutional relationship with the overseas territory, following the UK government's decision to mandate the adoption of public…

In late November, the authorities of Cyprus considered the issue of voting for the legalisation of medical marijuana. That being said, the bill “On narcotic and psychotropic substances” was introduced back in 2017. All this time, the law has remained unaccepted because it was not possible to resolve…

The other day, John Bolton reported that despite the denunciation of the INF Treaty, the US authorities do not intend to disperse missiles prohibited by said treaty in Europe. According to Mr Bolton, the decision was made jointly by the United States and NATO as the only reasonable solution to the situation…