Monday, September 24, 2018
Redactor's Choice
You are here: Home / Categories / Government & Politics

Government & Politics

Vadim BlauStein: The Fourth Anti-Money Laundering Directive and the Beneficial Ownership Register

Laundering-Directive_image_2

As this directive directly relates to the areas of financial, corporate and trust services, we ask Vadim Blaustein, CEO of BlauStein Lawyers, to provide comments on this topic. Mr. Blaustein, your company has its headquarters in the Netherlands. Could you say that many things have changed in your business area after the 4th AML Directive came to force? Vadim Blaustein: The impact of the new Directive is not that big. In fact, the Netherlands were traditionally in the front lines of the fight against money laundering and had quite an exte... Read More »

Roland Peterson: Port of Liepaja will be the next Rotterdam

timthumb (1)

Every year it is emphasized that this sector should be recognized as a priority and extend its promotion, however, the representatives of the transport and logistics sector are looking forward to more concrete and long-term solutions. 9.1% of the value added to the GDP of Latvia Despite the political and economic changes of the last decade, the influence of the transport and logistics industry on the economy of our country remains high: in 2016 the sector increased the value added to the GDP by 9.1%. Moreover, the average monthly gross wage... Read More »

Most new cars must be electric by 2030, ministers told

car (1)

Homes also need to be built to a higher standard, the Committee on Climate Change - the official watchdog - says. The government says the UK is cutting emissions faster than any other G7 nation - and the committee agrees there has been a big shift under Theresa May. However, it says the UK will fall short of its ambitions unless ministers do more to turn pledges into reality. The warning comes less than a week after the prime minister launched a 25-year plan to protect the environment, including eradicating all avoidable plastic waste by 204... Read More »

Belgium sells 2.53 bln euros of short-term debt

debt (1)

Yields on three-month paper rose to a negative 0.570 percent from a negative 0.621 percent last week. Paper expiring a year from now also rose compared to the last auction of 2017 to a negative yield of 0.546 percent. Investors have paid rather than received interest on holding Belgium's short-term borrowings for more than three years. ($1 = 0.8384 euros) ... Read More »

Belgium and the Netherlands swap land to change their national borders

border (1)

The area affected, which is the size of 27 football fields, sits of east of the Belgian city of Vise and west of the Dutch village of Eijsden and on the river Meuse.  As of 2018 the countries’ border now goes down the centre of the river Meuse, with the Netherlands taking control of just over 40 acres of new land, while Belgium adopts around 8 new acres. The change was made after a peninsula on the river gained a reputation for lawlessness because of the geographical difficulties policing it from the Belgian side, which on paper controlled it. ... Read More »

France plans privatisation law in asset sale push – PM

privat (1)

The government outlined last year plans to sell stakes in order to finance a 10 billion euro (£8.9 billion) innovation fund. It has since reduced its minority stakes in energy group Engie and car maker Renault, and there has been speculation that Paris airport operator ADP and national lottery firm Francaise des Jeux (FDJ) are in line to be privatised. “There have already been some (asset sales) and there will be more,” Philippe said in an interview with Sunday paper JDD. Asked if the government would present a privatisation bill, a neces... Read More »

UK companies will face huge new VAT burden after Brexit

vat (1)

More than 130,000 UK firms will be forced to pay VAT upfront for the first time on all goods imported from the European Union after Brexit, under controversial legislation to be considered by MPs on Monday. The VAT changes spelled out in the taxation (cross-border trade) bill – one of a string of Brexit laws passing through parliament – are causing uproar among UK business groups, which say that they will create acute cashflow problems and huge additional bureaucracy. Labour and Tory MPs and peers said that the only way to avoid the VAT Brexit ... Read More »

Macron proposes anti-fake news election law

macron (1)

Emmanuel Macron has said he will overhaul media law in France this year to fight the spread of  "fake news" on social media. Since he was elected last year, the French President has criticized Russian media in particular, openly accusing TV channel RT of sowing disinformation about him via its website and social media during the presidential election. "If we want to protect liberal democracies, we must have strong legislation," Mr Macron told a news conference on Wednesday. Mr Macron said the legislation would concern social media platforms,... Read More »

British passports will return to ‘iconic’ blue cover after Brexit, it is confirmed

pass (1)

The new design, which will no longer include the European Union insignia, will replace the burgundy cover that has been a feature of the UK passport since the 1980s once Britain leaves the EU in 2019. Home Office Minister Brandon Lewis said the new passport will be the "most high-tech and secure we have ever seen", making it more resistant to fraud and forgery. ... Read More »

France to ban all oil and gas production from 2040

ban (1)

France is to ban all drilling for oil and natural gas by 2040 after its Parliament approved part of President Emmanuel Macron’s plans to cut the use of fossil fuels. It will become illegal to produce or look for oil and gas in the country and its overseas territories. Existing drilling permits will expire in 2040 and, from today, no new ones will be granted. France is the first country in the world to pass such a law. The change is unlikely to have a significant impact, given 99 per cent of France’s oil and gas is imported from other countri... Read More »

Scroll To Top