Micro News

Micro News

Last week in Nicosia, influential leaders within the business community bore their concerns to the Cyprus government over a potential blockage in economic growth as a result of a lack of skilled workers. The findings were presented, as well as plans for their longstanding proposal that worker strikes…


The UK Court of Appeal has decided to give HM Revenue & Customs powers to request information from non-UK residents have been further extended by a tribunal to include third-party info notices. Going forward, UK legislation will allow the HMRC to issue a notice to individuals outside the country requiring…


Following a plenary meeting this week in Florida US, the international Financ1ial Action Task Force (FATF) is expected to publish guidance for national financial regulators' oversight of transactions in virtual currencies and other digital assets. The regulations are said to enforce companies to require…


Legislation to launch a partly public register of ultimate beneficial owners of all businesses in the Netherlands was submitted to the Dutch parliament in April earlier this year. The register will be presented as a major aspect of the Trade Register of the Chamber of Commerce in January next year, after…


Last week, the Cyprus Central Bank Governor Constantinos Herodotou fought for the functionality of Cypriot banks over efforts to reduce global money laundering activities using bureaucracy. Addressing the annual general meeting (AGM) of the Association of Cyprus Banks, Mr Herodotou stated that must develop…


UK law is catching up to the ever-growing use of the internet and the use of digital wallets and services. The Cyber-Attacks (Asset-Freezing) Regulations 2019 came into power a week ago on June 11th, allowing UK Treasury ministers the power to freeze accounts and assets of individuals or entities from…



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