Micro News

Micro News

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…


One month from now, a gathering of all G20 nations in Paris will witness the launch of the OECD's plans to forestall those using citizenship by investment schemes to dodge the trading of their account information between countries. It says it has received a positive reaction to its initial meeting on…


A UK Barrister has been sentenced by a court in the US for enabling an American family to avoid their tax liabilities and foreign bank account reporting requirements, even though he lives and works in the UK. The Attorney helped his clients conceal USD $14 million in overseas Swiss banks for a long…


EU plans for a provisional Europe-wide income tax on digital businesses that would hit large US digital companies, appear to have taken a step back this week leaving disappointment to a policy championed by President Emmanuel Macron of France. As Member State Ministers at a recent ECOFIN meeting recognised…


After a recent survey was conducted involving wealthy business owners in the main Asian jurisdictions, namely Hong Kong, Singapore, Taiwan, Japan and China. The survey showed a shift in business attitude and values in recent years. With tax compliance and transparency voted higher than confidentiality…


June marked a shift in legislation in Canada's Department of Finance as a new wave of stricter and more detailed requirements are being introduced, interestingly in almost all areas of compliance and business. The new regulations announced under the Proceeds of Money Laundering & Terrorist Financing…


A well-known US based law firm has recently published a circular noting all US states individual regulations on virtual currency and blockchain technologies. Many states in the US have not yet implemented adequate regulations for virtual currency operators whereby the main service line is handling and…


A federal bill being brought into force in the US concerns all limited liability companies based in America to reveal and record their beneficial ownership upon formation, currently delayed in the US Congress, may now be resurrected with the support of Delaware's Secretary of State. Last month, The…



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