Micro News

Micro News

Recent amendments to the Cayman Islands' Proceeds of Crime (Amendment) Law 2019 formally hold that any entity conducting online trading platforms or any e-related financial services, must comply with the proceeds of crime law and the anti-money laundering regulations accordingly. The amendment also classifies…


The UK government has published a new economic crime strategy to tackle the following financial ailments: Fraudulent transactions & money laundering online. Electronic corruption & bribery. With improvements to the current measures such as: A new regime to prevent the use of crypto assets in…


Having just completed its third Financial System Stability Assessment (FSAP) since the IMFs last review in 2013; The Monetary Authority of Singapore (MAS) has announced the findings of their most recent evaluation of the Singapore economy by the International Monetary Fund (IMF).  The IMF only had glowing…


Following the Caribbean Financial Action Task Force's 4th round of mutual evaluation reports; the Cayman Islands government have composed more potential regulations and will present a further 11 Bills to the Legislative Assembly for voting later this week. Many of the Bills increase the disclosure of…


La Loi Pacte, Frances answer to regulating digital assets, initial coin offerings (ICOs) and was enacted in May earlier this year. The new regulatory framework will be used to control and oversee French Digital Assets Service Providers (DASPs). Going forward, DASPs will be subject to either a mandatory…


The UK government has published draft legislation confirming its intention for a 2% digital services tax on the revenues earned from where the parent group’s worldwide revenues attributable to relevant business activities exceeding GBP £500 million, and more than GBP £25 million of such revenue is attributable…


Leaders of the Caribbean governments criticised the on-going blacklisting of some Member and Associate Member States by the US and EU at CARICOM’s meeting last week; describing their actions as “a clear and direct threat to their economic well-being”. A spokesperson for the meeting stated that the views…


The government in Netherlands have reportedly issued draft legislation which include anti-hybrid provisions for Dutch funds to become obligated to implement the revised EU Anti-Tax Avoidance Directive (ATAD-2). The finalised details are almost identical to the provisional consultation document published…


The US Office of Management & Budget (OMB) has reportedly passed and signed the proposed amendments to the EB-5 American Immigrant Investor Programme, increasing the minimum investment criteria amount from USD $1 million to USD $1.8 million. The new regulations will be published in the Federal Register…



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