Micro News

Micro News

A Russian refugee case has been setting precedents in the UK after Ms Elena Vasilyeva obtained permission to apply for a divorce settlement in UK courts using Section 13 of the Matrimonial and Family Proceedings Act 1984, despite the fact that her and her husband are both Russian. They spent most of…


The Council of Europe’s anti-money laundering compliance committee (Moneyval) has applied its enhanced follow-up procedure to Lithuania; ordering it to alleviate and moderate some of the significant weaknesses found regarding the country’s investigation and court sentences for those found guilty of money…


Tanzanian-registered FBME Bank are suing two private investigators and former UK police officers for reportedly breaking confidentiality after the lender employed them with the purpose to help diffuse allegations of money-laundering and terrorist financing. The bank was operating in Cyprus at the time…


HMRC has published its annual help sheet for UK-resident non-domiciled taxpayers on the payment or remittance basis of taxation, which has been updated for the 2019-2020 financial years. The remittance basis is an alternative tax treatment that’s available to UK non-domiciled individuals, i.e. those…


The world bank recently released new details regarding the state of the global economy, whereby they announced that financial transfers and remittances to poor and developing economies hit a new world record in 2018. Migrants and sent an estimated USD $530 billion to low- and middle-income countries…


Earlier this month, several of Cyprus’ largest political parties welcomed the suggestion of a bilateral bill to the US Congress that could finally lift Washington’s outdated weapons embargo on the Republic.  While Diko and Solidarity the right-wing parties of the island, issued statements calling the…


Last week Mr Xi Jinping, China's President attended a meeting in Paris with EU leaders from France and Germany in order to try to repair any negative feelings regarding the world super power’s swiftly rising presence in Europe. All the leaders in attendance stressed their desire for a more stable, consistent…



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