News

The Gulf nations take measures to reduce deficit driven by low oil price

The International Monetary Fund released a statement saying they are happy with Saudi Arabia and other Gulf oil exporter’s actions taken in an effort to repair damage to their national finances as the recent drop in crude prices have significantly reduced their export revenues.


Blacklisting criteria to be published in 2017 G20 summit

Finance Ministers of the G20 countries have met and are to planning to implement new blacklisting criteria for jurisdictions they deem to be non-cooperative, in order to take defensive measures against them.


Panama Papers: an opportunity for Cyprus

The Cyprus government made a great move last week by pro-actively responding to the Panama papers, which named Cyprus to be amongst the 21 EU, US and other jurisdictions as one of channels used by the wealthy to send their money.


Are UK Law firms charging too much for general probate?

Findings from a report carried out by the Legal Services Board (LSB) has calculated the approximate prices being charged by UK law firms for services such as appostilation, probate applications, will writing and estate administration.


Does Cyprus have a clean Anti Money-Laundering record?

After the 2013 banking crisis and the scrutiny on Cyprus’ business deals with Russia, Cyprus now comes under peer review as per the Financial Action Task Force (FATF) an initiative established by the OECD.


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UK Overseas Territories: Sunny places for shady people?

The British Virgin Islands (BVI) has been named more than 113,000 times in the disclosed documents from Panama Law firm Mossack Fonseca, the Bahamas over 16,000 times and Aguilla over 4,000.