Micro News

Micro News

Ireland's central register of beneficial ownership of companies was officially launched on July 29th, which  also includes industrial and provident societies in the act; following an adjournment to allow certain clarifications on beneficial owners' personal public services (PPS) numbers.  Irish companies…


Hong Kong Releases New AML Guidance for Banks

The Hong Kong Association of Banks has published a detailed guide regarding some pressing and complex anti-money laundering (AML) issues such as trusts and PEPs; including some answers to the most frequently answered questions that have been identified and written by the Hong Kong Monetary Authority. The…


Last week, the Financial Times cited a document whereby the European Commission signed plans to withdraw some market access rights to the following countries: Argentina. Australia. Brazil. Canada. Singapore. They have been removed on grounds that they are failing to regulate credit ratings…


The Apple Inc credit card being launched in collaboration with Goldman Sachs Group Inc will not be compatible with the purchase of crypto-currencies with the card, according to a statement posted to the company’s own website earlier this week. The customer agreement said the card cannot be used to purchase…


UK bank HSBC has announced that it will cut thousands of jobs globally in an overhaul of its operations; however made a special mention to say that as of right now, Europe is being placed on the back burner while its Singapore branch remains an integral key to the multinationals growth. The bank will…


UBS, the world’s largest wealth manager, told its HNW (high-net worth) clients that it would introduce an annual 0.6% charge on cash savings of amounts exceeding €500,000 (GDP £460,000) last week. The fee will be introduced in November and increases the total fees to 0.75% on savings exceeding 2 million…


The Registrar of Companies in Cyprus has released the latest economic indication figures showing that the number of incorporation applications in Cyprus has fallen by 9.9% year-on-year this July 2019, the 9th month that has seen a successive decline. The number of applications in July reached 1,304…


Klarna, the Swedish payments the start-up has officially become the largest private fintech firm in Europe after a new round of investor funding increased its net value to $5.5bn (£4.5 billion) due to its catchy “shop now, pay later” model that has proven to be very popular across Europe. The lion’s…



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