Micro News

Micro News

The British Minister for Commonwealth Affairs and the United Nations, Lord Ahmad, assured the British Overseas Territories of the necessity to create publicly accessible registers of beneficial ownership by 2023. During this time, the UK intends to conduct a campaign to have public registers accepted…


The Dutch government has made legislative proposals to tighten the AML regime in the country. Such proposals include: final implementation of the beneficial ownership register. a ban on the payment of luxury goods worth over EUR €3,000 from 2021. ban on the use of EUR €500 banknotes. the introduction…


KPMG Will Pay Fine for Stolen Data Usage

According to the Securities and Exchange Commission, the auditing company KPMG admitted using the stolen data in order to alter some of its previous audit work and cheating on the training exams and agreed to pay a USD $50 million fine. Representatives of KPMG also stated that they would hire an independent…


On June 17th the United Kingdom and China reported that they will be including each other’s companies shares on their on respective stock exchanges; in a move that will most likely keep London as the remain the leading financial centre after Brexit . It was also noted that after the launch of the London-Shanghai…


The European Union has adopted improvements to the so-called Brussels Regulations governing judicial cooperation in interstate disputes concerning parental responsibility. As a result of the revision, the rules limit the length of international proceedings for the abduction of children, set a maximum…


The Financial Action Task Force on Money Laundering (FATF) evaluated the measures Hong Kong has taken to combat money laundering. According to the results of the audit which was announced at the FATF plenary meetings last month, Hong Kong AML regime was found to comply with international requirements. However,…


People would probably do less shopping if they had to pay the true value of what they buy on the Internet. Most likely, many people assume that online retailers make a fortune because they do not need all the costly bricks and mortar. But the reality is somewhat different. Often, online shopping profits…


It is reported that Canada has completely abolished the retaliatory duties introduced in 2018 for goods from the United States. Such duties were imposed by America on steel and aluminum from Canada. The official website of the Ministry of Finance of Canada states that the abolition of countermeasures…


The smartphone is a product with which China wish not only to demonstrate its skill as a manufacturer but also to fulfill its ambitions as a technology developer. In achieving these goals the country relies on Huawei. At the moment the company not only takes a leading position among developers of equipment…



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