Micro News

Micro News

In early May, the industry body of the World Gold Council (WGC) stated that in the first three months of 2019 global gold demand increased due to the desire of central banks to reduce the dependence of economies on the dollar due to concerns about geopolitical instability. The report of the WGC added…


According to BVI Finance, the government of the British Virgin Islands will issue guidance on economic substance for companies and limited partnerships at the end of April 2019. The so-called economic substance code will help British Virgin Islands companies determine whether their business is considered…


One of the largest banks in France Societe Generale announced on Tuesday its plans to reduce 1,600 jobs mainly in the areas of corporate and investment banking in order to increase the profitability of the enterprise. As the fourth quarter results were lower than expected due to a sharp economic downturn,…


According to the preliminary list of prohibited and supported industries, mining cryptocurrency will be considered illegal in the country soon. This list was first published in 2011. The National Development and Reform Commission of China (NDRC) classified this area of activity as prohibited because…


According to the report of the European Commission, published on April 11th, Cyprus is one of the four EU countries with the lowest employment rate of university graduates. The highest employment rates among graduates are registered in Malta - 94.5%, followed by Germany (90.9%) and the Netherlands (90.4%). The…


According to the results of an investigation conducted by the Department of Commercial Affairs on April 10th, two men were charged in court for promoting a network marketing scheme related to OneCoin cryptocurrency. One of them was also accused of creating One Concept Pte Ltd for this purpose. Residents…


Assistant Secretary for Terrorist Financing of the US Treasury Department Marshall Billingslea is likely to visit the island this or next month. The exact purpose of Billingslea's trip is unknown. Some experts suggest that it is somehow related to the upcoming report of the Committee of Experts of the…


The Government of the United Arab Emirates has issued a Resolution of the Cabinet of Ministers No. 10 of 2019 on the implementation of new legislation to combat money laundering (AML), adopted in late 2018. By means of the new legislation the following is being introduced: Risk analysis-based approach…


Hong Kong’s financial regulator fined the brokerage firm Guosen HKD $15.2 million for failing to conduct procedures aimed at countering money laundering. This is the largest fine in the entire history imposed by the Securities and Futures Commission for violating measures to combat the legalisation of…



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