Micro News

Micro News

The offshore owners of British property will be required to disclose their real identities or face jail sentences and unlimited fines under draft legislation which targets to end the British reputation as a high-risk jurisdiction for money laundering. This follows numerous years of scandals involving…


According to Bloomberg, 3 US financial asset management firms are considering buying up to EUR €5bn in non-performing loans from Bank of Cyprus in connection of the bank’s project next month. The 3 firms in question are Pacific Investment Management Co. (Pimco), Lone Star Funds and Apollo Global Management.…


A group stating that they are armed and ready to seek justice by means of violence against MPs and bank executives in relation to property foreclosures, are threatening to take action. Some MPs are insisting on providing banks with more powers in connection to property foreclosures according to sources.…


CFE Tax Advisers Europe (CFE previously known as Confédération Fiscale Européenne) has distributed an opinion declaration on the waiver for the legal professional privilege reporting requirement as per Article 8 of the Council Directive (EU) 2018/822 of May 20th 2018 (referred to as DAC6 or the Mandatory…


Swiss Eager To Reclaim Cryptocurrency Crown

The regulators in Switzerland are boosting their efforts to stop an exodus of cryptocurrency projects from the country, after 2 of only a few banks active in the budding sector had closed their doors on it in the past 12 months. The departures mean that Switzerland is losing business to offshore competitors…


Integrated Casino Resorts Cyprus Ltd (ICR Cyprus) and Hermes Airports Ltd have reportedly signed a commercial agreement for 2 sections at Larnaca Airport to be utilised as a “satellite casino”. The 1st location is said to be located in the departures area, inevitably accessible to only departing passengers…


4/5 Singapore employees and job seekers wish for flexi work in order to obtain that work-life balance, according to a recent study. Along with this, the respondents of the study claim that work autonomy maximises creativity, productivity and job satisfaction. Moreover, the study also highlighted that…


Local businessmen believe that cost of living and tax would make workers significantly consider moving to Singapore. According to sources, Singapore is the 7th most sought-after city for international workers. It was alongside Dubai, which were the only 2 Asian cities to be mentioned in the list. The…


UK: Confirmation That UK Will Adopt EU 5AMLD

The UK government has recently confirmed again that it will adopt the EU Fifth Anti-Money Laundering Directive (5AMLD), which was enacted earlier this year. Following this, a Parliamentary Under-Secretary of State at the Department for Business, Energy and Industrial Strategy (BEIS), Lord Henley, stated…



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