Saturday, Jun 19, 2021
Bermuda News Online
Add Your News
Malta: Cash payments of €10,000 for gold, cars, and property no longer possible
Laundering dirty money through luxury purchases made in cash has become a tad harder since cash transactions of €10,000 and higher were made illegal last March.
The cash restriction was introduced as part of wide-ranging reforms to combat money laundering.
And now the Financial Intelligence and Analysis Unit has set the ball rolling to create a new internal team focussed on supervising and enforcing the new cash restriction.
The agency will be able to verify transactions carried out in the areas indicated by the law by analysing money transfers and reconciling sales with income derived from them.
The regulations prohibit making and receiving payments amounting to €10,000 or more when purchasing or selling immovable property, antiques, jewellery, cars, boats and works of art.
Cash is still widely used in the criminal economy because it is easier to break the audit trail, according to the Financial Action Task Force, an international anti-money laundering body.
Malta had no such restriction on cash transactions and the matter was flagged by the Council of Europe’s anti-money laundering committee, Moneyval, in its evaluation.
Bermuda COVID-19 Update 18 June 202
The Ministry of Health received 1713 test results since the last update, and zero (0) were positive for COVID-19. This gives a test positivity rate of 0.0%.
BVI criticism of the CMG title given to ‘Gus’ Jaspert by the UK is unfair and unnecessary
The criticism against awarding the CMG royal honour to Mr. Jaspert actually proves that he deserves the title given to him.
Quarantine Exemptions Update
The Government of Bermuda today moved to clarify the changes to exemptions to the supervised quarantine for non-immunised travellers.Initially, there were seven (7) exemption ca...
Paraguay Follows El Salvador: Bitcoin Bill on the Table in July
Paraguay’s National Deputy, Carlitos Rejala confirmed that plans are in place to discuss the formal legalization of Bitcoin next month.
Gang Violence Reduction Team Update
The Hon. R.D.L. Ming, Minister of National Security delivers a Ministerial Statement on the subject of the Gang Violence Reduction Team Update
Miami Mayor Wants to Bring Chinese Bitcoin Miners to Florida
Miami Mayor Francis Suarez has a message to Chinese Bitcoin miners facing regulatory crackdown in China: Miami could offer cheap nuclear energy to mine bitcoin.
Phase 2 Training & Employment Initiatives
The Hon. Jason P. Hayward, JP, MP Minister of Labour delivers a Ministerial Statement to the House of Assembly onPhase 2 Training & Employment Initiatives on Friday, June 18, 2020
NASCAR Driver Paid in Cryptocurrency for the Remaining Season
Professional NASCAR driver, Landon Cassill, recently announced that he has partnered with the crypto-asset platform Voyager Digital Ltd. in order to be paid in cryptocurrency. A...
Football: Christian Eriksen leaves hospital after successful operation
Danish Christian Eriksen leaves the hospital after a successful operation, after suffering cardiac arrest during Euro 2021.
Ireland wants a 'compromise' on Biden's 15% global tax plan
Ireland, known for its low tax rates, wants a compromise over global taxation, the country's finance minister told CNBC.
Other Way Around: New Study May Amend Charles Darwin's Theory on 'Sexual Selection'
Szekely insisted that his and his colleagues’ findings do not invalidate Darwin’s theories of natural selection and sexual selection.
Crypto Lode of $100 Billion Stirs U.S. Worry Over Hidden Danger
Regulators are worried about hidden risks to investors and even the financial system stemming from a fast-growing corner of the crypto market meant to be immune from volatility.
Inside the elite UK tech event attended by the rich and famous
Hundreds of the biggest names in European tech rubbed shoulders with politicians and wealthy investors on the lawns of the Soho Farmhouse private members club in rural England a...
Diana Statue Event May "Break Ice" For Princes William, Harry: Royal Biographer
Prince William and Harry are due to attend the July 1 ceremony at the Kensington Palace, unveiling a statue they commissioned to mark what would have been their mother Diana's 6...
Footprints of possibly last dinosaurs to walk Britain found in Kent
Scientists find fossilised footprints of multiple dinosaur species preserved by sediment in Folkestone
Fake ads on Facebook spoil real life fairy story
Robin Wight makes impressive wire sculptures of fairies and dandelions which have won the admiration of hundreds of thousands of people online.
Delta COVID Variant Becoming Globally Dominant, Says Top WHO Scientist
WHO officials said Africa remains an area of concern, even though it accounts for only around 5% of new global infections and 2% of deaths.
Couple accused of bringing £14m of ‘dirty’ cash into UK keep names secret, for now
A London couple accused of bringing £14 million of “dirty money” into Britain have been given another chance to keep their names secret despite a second High Court judge backing...
A Dazzling Home by Frank Lloyd Wright’s Final Apprentice Lists for the First Time
The Atlanta residence, built in 1974 by architect Robert Green, is seeking a new owner for $749,000.
How to Style Earrings the Right way
Are you an earring lover who just doesn’t quite know how to style them? Are you having trouble figuring out how to wear earrings so that you look your best?
UN Chief Antonio Guterres Sworn In For Second Term, Vows To Learn From Pandemic
In office since 2017, Antonio Guterres promised to act independently of member states and organizations during the swearing-in ceremony.
'Being yourself online shouldn't be revolutionary'
Two midsize fashion influencers speak out about the importance of body positivity on social media.
Delta Variant Represents Almost 90% Of New Moscow Covid Cases
A total of 9,056 new cases were recorded in the past 24 hours, with Moscow Mayor Sergei Sobyanin saying that the highly infectious Delta variant first identified in India repres...
Snapchat Removed Its Controversial Speed Filter That Was Linked To Fatal Car Crashes
Families of two young men who were killed in a 2017 crash alleged in a lawsuit that the app's feature encouraged dangerous speeding that led to the accident.
Subscribe also to our WhatsApp channel:
Add Your News