Micro News

Micro News

An Italian-domiciled lady has upheld an official grievance with the UK's Information Commissioner, affirming that the sharing of her own personal and financial information and data to different nations under the OECD's Common Reporting Standard goes against the European Union's General Data Protection…


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…


Cyprus: AstroBank Acquires USB Bank

AstroBank has recently stated that it has signed an agreement to receive the operations of USB Bank, including its staff but excluding certain unspecified assets for an unspecified consideration. The proposed agreement which will allow AstroBank to maximize its balance sheet by 55%, is anticipated to…


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…


BRICS Is Said to Be Gaining More Influence

BRICS which consists of Brazil, Russia, India, China and South Africa, is becoming more and more influential since it started more than a decade ago. Moreover, what BRICS do have in common is that they are all economies transitioning  from developing to developed. By 2016, BRICS held 41% of the world’s…


Venture Capital firm Golden Gate Ventures recently stated  that it will launch a USD $10 million fund to invest into blockchain technology and cryptocurrency startups. The Singapore based venture capital firm plans to launch the fund, under the name, LuneX Ventures, which will invest in early-stage…


German Minister Slams Trump Trade Rows

Germany’s economy minister, Peter Altmaier, criticized US President Trump, slamming his global trade rows and efforts to command Europe’s dealings with Iran through continued US sanctions. Altmaier recenty stated in an interview his concerns regarding damaging repercussions of fully fledged US-China…



Cyprus:
+357 25 02 50 34
Singapore:
+65 62 47 71 92
Russia:
+7 812 458 46 22
Skype:
eltoma.0015