TAX3 Update: MEPs Push for Financial Police Force in Europe

Following continued revelations over the last five years (the Panama Papers, Luxleaks and the Paradise papers to name a few); the European Parliament have decided to establish a Special Committee to take positive action to reduce financial crimes, tax evasion and tax avoidance within Europe. As part of the TAX3 decision, which was created last year in March 2018.

Key Changes to The Cyprus Investment Programme: Applicant Guide

Earlier this year, the Cyprus Government announced several amendments to the Cyprus Passport Programme. This article is a brief rundown of the most important changes for applicants due to take effect next week.

Hong Kong & Russia Strengthen Ties for Trade & Investment

Chief Executive of Hong kong Carrie Lam met with Russian Foreign Minister Mr Sergey Lavrov last week at the Government House in Hong Kong to discuss the two nations continued collaboration. The Secretary for Commerce & Economy, Mr Edward Yau, was also in attendance at the meeting.

CySEC Brings all ICOs Under Cyprus Anti-Money Laundering Regulations

CySEC (The Cyprus Securities and Exchange Commission) have issued proposals to bring virtual currency and crypto asset activities under the sphere of the jurisdiction's anti-money laundering (AML) regime, as per the provisions of the EU Fifth Anti-Money Laundering Directive (5AMLD).

WIPO: Hong Kong Enacts Trade Mark (Amendment) Bill 2019

The Hong Kong Trade Mark (Amendment) Bill 2019 amends the Hong Kong Trade Marks Ordinance to bring the international registration system under the Protocol Relating to the Madrid Agreement into national law.

Cyprus Court Systems Require a Judicial Reform: Civil Procedure & Litigation Update

A team of UK legal experts have arrived to the Republic of Cyprus is on the island to give guidance and support a continuing programme for reforming the justice system, judicial review and parliamentary proceedings on the island.

Bank of Cyprus: Project Helix & Non Performing Loans in 2019

Results for Bank of Cyprus’ 2018 annual profit-loss report was recently published, showing losses after tax of just over EUR €100 million, which, even though is a negative figure, experts have been quick to point out noteworthy improvements on the 2017 fiscal year losses of EUR €549 million.