Micro News

Micro News

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…


One of the principal beneficiaries of an unexplained wealth order (UWO) is appealing the decision in court. The unidentified lady is the spouse of a previous chief of an overseas state-claimed bank, who is serving a prison sentence abroad for misappropriation and embezzlement. The UK National Crime…


The Ukrainian bank PrivatBank is prosecuting its two previous proprietors to attempt to reacquire billions of dollars they supposedly obtained and misused through fraudulent loans, before the bank was previously bought by the state in 2016. The case is being acquired the English courts, where PrivatBank…


Following court proceedings, Zuercher Kantonalbank (ZKB) has accepted fines close to USD $100 million by the US Department of Justice & Equity in an agreement that no further proceedings will be taken against the lender of any of its employees. The Swiss bank was found guilty of assisting US clients…



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