Micro News

Micro News

A recently released research report has shown the UK capital is now home to more than 4.5 thousand multimillionaires, representing a 3.5% rise on the 4.4 thousand recorded in 2017, making it the capital with the highest number of HNWIs or super wealthy citizens. The study that ranked the HNWIs globally…


The Portuguese tax authorities have announced new regulations for banks in hopes to reduce steams of illegitimate source funds entering the mainstream economy. Going forward, all Portuguese bank branches have to automatically report all residents' accounts containing balances of EUR 50,000, succeeding…


Macau's Chief Executive has authorised the country’s signing of the OECD’s multilateral agreement on Automatic Exchange of Financial Account Information. The Multilateral Agreement provides a standardised instrument to enable the automatic exchange of financial information in accordance with the Standard…


This week the Council of the European Union have announced that they have approved the Fifth Anti-Money Laundering Directive for adoption which will strengthen EU rules to prevent money laundering and terrorist financing. The new Directive hopes to further facilitate access to information on the beneficial…


The Swiss central government is seeking Parliamentary approval of its agreements to automatically exchange financial account information with jurisdictions in the Asian region, specifically Hong Kong and Singapore from the planned starting dates being around Autumn of next year. Switzerland is also…


According to financiers, a boom in the global art market has delivered some extremely lucrative returns in recent years, drawing new investment to the alternative asset and wealth collection, although art collectors warm that the market is often impervious, unregulated and sometimes extremely illiquid. Prior…


Cryptocurrency exchanges in Australia must now follow money laundering rules published by the Australian Transaction Reports and Analysis Centre, being known more colloquially as AUSTRAC. Going forward, they must: Verify the identities of all clients. Report any suspicious matters. Report transactions…


The French tax authorities have confirmed that the deadline for non-residents to declare liability to the new real estate tax Impôt sur la fortune immobilière will be on May 17th 2018, next week. The date may be different between paper hard copies and online filing and will also depend on the location…



Cyprus:
+357 25 02 50 34
Singapore:
+65 315 91 676
Russia:
+7 812 458 46 22
Skype:
eltoma.0015