Micro News

Portugal's parliament is about to approve two acts regarding money laundering regulations, which will officially implement the Fourth EU Money Laundering Directive into national legislation and officially approve the formation of a central registry for all Beneficial Owners of Portuguese trusts and legal…


A former Wealth Manager of Swiss lender BSI faces additional jail time in his home nation of Singapore for a further four years for carrying out crimes relating to money laundering in connection to the infamous 1MDB Malaysian sovereign fund corruption. He is already serving thirty a month sentence for…


As per statutory regulations introduced into UK parliament last week, it is now a corporate criminal offence for the failure to prevent tax evasion under the UK's Criminal Finances Act. The legislation will take effect later this year on September 30th.  Any wrongdoing committed after this date applies…


According to research by carried out by legal database Lexis Nexis and fraud prevention agency Cifas identity theft is twice as prevalent towards Company Directors as opposed to the rest of the general population. Since 2010, almost 19% of cases of UK identity fraud have been Company Directors, even…


The transcript of the British Virgin Islands' BOSS legislation (Beneficial Ownership Secure Search System Act 2017) is now available for public use and direction. The BOSS legislation was finally ratified last week, and going forward will require registered agents to keep and maintain records of all…


The HMRC in the UK has announced that its Electronic Trusts Registration Service will not be ready for introduction in June as originally anticipated. The launch was envisioned to overlap with the implmentation of the EU’s Fourth Money Laundering Directive regarding Beneficial Owner registration requirement…


The EC has published its first multinational valuation of the risks of money laundering in various sectors including financial and non-financial industries, with an analysis and consequent assessment of the methods most frequently used by criminals to launder money. It has identified over 40 services…



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