Featured Governmental

Financial crime: UK announces new rule for ‘golden’ visas after backtracking

After suddenly withdrawing an announcement in December that it would suspend ‘golden’ visas, the United Kingdom has now announced a change to the application process for the immigration rules which have been strongly criticised for being a gateway for money launderers to settle in the country. Under the changes announced… Read More

Bill to route internet through Russian servers spurs protest

AP — Several thousand people have rallied in Moscow to protest legislation they fear could lead to widespread internet censorship for Russian users. The sanctioned rally on Sunday was organized in response to a bill in parliament that would route all internet traffic through servers in Russia, making virtual private… Read More

Romanian government moves forward with sovereign wealth fund plan, despite critics

The Romanian government is moving forward with a plan to establish a sovereign wealth fund, a revised draft bill showed on Friday, a main policy goal of the ruling Social Democrats that critics see as a potential avenue for corruption. The fund would hold a mix of cash and equity… Read More
5th March 2019
AP—Another member of Canadian Prime Minister Justin Trudeau’s Cabinet resigned Monday over a scandal that has shaken the government in an election year. Treasury Board president Jane Philpott, considered a star minister, said in a resignation letter that it was “untenable” for her to continue in the Cabinet because… Read More
25th February 2019
South African President Cyril Ramaphosa has appointed a tribunal to fast-track legal proceedings from graft investigations by the country’s Special Investigating Unit (SIU), the presidency said on Sunday. The tribunal will adjudicate over any civil proceedings brought before it by the SIU, which investigates malpractice in state institutions, state assets… Read More
14th February 2019
AP — Cyprus has strengthened the eligibility rules for a lucrative “golden passport” program that grants the document to wealthy foreign investors, ruling out applicants who already were turned down by another European Union country with a similar policy, a government official said Wednesday. The EU… Read More
8th February 2019
A year before Saudi journalist Jamal Khashoggi was killed, Crown Prince Mohammed bin Salman told an aide he would use “a bullet” on the journalist if he did not return home and end his criticism of the government, the New York Times reported on Thursday. The crown prince’s comments to… Read More
30th January 2019
The United States imposed sanctions on Venezuela’s oil exports on Monday, a major escalation in its support for opposition leader Juan Guaido’s bid to oust socialist President Nicolas Maduro. Like many in the opposition and international community, Guaido says the May 2018 vote in which Maduro won a second term… Read More
23rd January 2019
AP — China on Tuesday demanded the U.S. drop a request that Canada extradite a top executive of the tech giant Huawei, shifting blame to Washington in a case that has severely damaged Beijing’s relations with Ottawa. Foreign Ministry spokeswoman Hua Chunying said Meng Wanzhou’s case… Read More
22nd January 2019
Germany has revoked the licence of an Iranian airline because it has been transporting military equipment and personnel to Syria and other Middle East war zones, the foreign ministry said on Monday, after heavy U.S. pressure on Berlin to act. The United States imposed sanctions on Mahan Air in 2011,… Read More
14th January 2019
AP — The head of Iran’s nuclear program said Sunday that the Islamic Republic has begun “preliminary activities for designing” a modern process for 20-percent uranium enrichment for its 50-year-old research reactor in Tehran, signaling new danger for the nuclear deal. Restarting enrichment at that level… Read More
4th January 2019
Swiss financial regulator FINMA has introduced a relaxed anti-money laundering regime for smaller financial technology firms as it looks to promote innovation. The companies will still be subject to the Anti-Money Laundering Act, under the new licensing category – known as the FinTech licence – in Article 1b of the… Read More
4th January 2019
Montenegro has launched a programme offering citizenship to up to 2,000 foreigners in return for investment over the next three years to help speed up its economic development, the government said on Thursday. A passport from Montenegro, an Adriatic country with a population of 620,000 which has joined NATO and… Read More