Micro News

Micro News

Experts from the investor immigration industry are maintaining the assertion that the citizenship-by-investment programs being carried out in Cyprus, Austria and Malta pose no security risk to those or any other countries within the European Union due to the strict background checks, rigorous due-diligence…


The BVI Financial Services Commission has altered section 23 of the Anti-Money Laundering and Terrorist Financing Code of Practice 2008 in order to enable financial institutions such as banks to confirm each clients' account details by electronic and computerised means. The revisions clarify that where…


Vera Jourova, the EC’s Justice Commissioner has cautioned the EU Member States with investment programmes to be more vigilant to with regards to who is being given visas or citizenship in exchange for investment. Such 'golden passports' campaigns pose a great security danger and threat to the honest…


The BVI High Court has suppressed a ruling by the BVI Attorney-General to investigate and seize any confidential company documents at the Russian government’s request; delivering them to Russia for use in a criminal examination. The court requested the AG to re-examine its choice, considering the organisations'…


Moldova’s New Tax Amnesty Ruffles EU Feathers

Moldova's Parliament has organised a tax amnesty law welcoming all residents to divulge any previously undeclared assets and income without any penalties or legal proceedings being brought as long as a 3% tax rate is levied additionally. However, the move has been a controversial one with the EU rulers,…


The Nicosia government has actualised the amendments to its citizenship venture program that were reported to be carried out in May. Just approved specialist co-ops will have the capacity to submit applications under the renamed Cyprus Investment Scheme. Active promotion of the scheme is prohibited,…


The UK have recently drafted a mock Registration of Overseas Entities Bill which has attracted the interest of some commentators. The Bill forces those living abroad owning property in the UK & Wales to enlist their Beneficial Owners at Companies House for an open investigation. The debate specifically…


The universal Financial Action Task Force (FATF) team has distributed a point by point report about the methods utilised by professional money launderers to hide and incorporate the proceeds of wrongdoing into economies around the world to be spent legitimately. The full report can be found in a PDF…



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