09.05.2018

Company Formation and Management

Ethereum under the Lens.

The Wall Street Journal reported that regulators and agencies of the US government were debating if a number of popular cryptocurrencies fall under the definition of securities under US federal law.

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12.04.2018

Financial

Sandbox Environment for DLT and VC

On 29 March 2018, the Malta Gaming Authority (MGA) issued a public document providing guidance on Distributed Ledger Technologies (DLT) and the acceptance of Virtual Currencies (VCs) through the implementation of a sandbox environment.

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10.04.2018

Financial

The Benefits of the new GDPR

Malta’s new General Data Protection Regulation (GDPR) will come into effect on 25 May 2018, and when it does it will replace the old Data Protection Directive (DPD). With the new GDPR regulations,

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21.03.2018

Financial

Resolutions on Libya and Related Measures

The illicit exploitation of Libya’s natural resources has been explicitly condemned by the United Nations Security Council (UNSC)...

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14.03.2018

Financial

Corporate Tax Avoidance

The Council of the EU has just reached an agreement to work on a directive intended to tackle cross-border tax planning. This agreement was reached on 13 March 2018 at a meeting of the Economic and Financial Affairs Council. The fundamental idea of the directive is to pre-empt tax planning schemes detrimental to the interests of the EU’s member states before they are actually implemented.

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14.03.2018

Financial

Amendments to the EU’s List of Non-Cooperative Jurisdictions in Matters of Taxation

On 13 March 2018, the Council of the EU published its latest amendments to its list of non-cooperative jurisdictions in matters of taxation. Changes include the removal of Bahrain, the Marshall Islands and Saint Lucia, and the addition of the Bahamas, Saint Kitts and Nevis, and the US Virgin Islands.

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07.03.2018

Financial

AML and GDPR compliance in the financial services industry

The Fourth Anti-Money Laundering Directive has been transposed into Maltese law by virtue of amendments to the Prevention of Money Laundering Act, the enactment of new regulations under said act, and through the publication of various regulations intended to set up beneficial ownership registers for companies, trusts, associations, foundations and other legal entities.

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04.03.2018

Financial

The World calls for Better Cryptocurrency AML Policy

The Financial Action Task Force (FATF) have been asked by 35 countries and the European Commission to revise anti-money laundering policies pertaining to cryptocurrencies.

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20.02.2018

Financial

Zeta has incorporated it’s own Securitisation Cell Company

Zeta has incorporated it’s own SCC by the name of Pomegranate SCC p.l.c.. We promote Pomegranate to third parties who may be looking to undertake a securitisation transaction without incurring additional time and costs required for the purposes of incorporating, setting up and maintaining a dedicated securitisation vehicle or an SCC.

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26.01.2018

Financial

New set of rules regulating collective investment schemes using virtual currencies in Malta

The Malta Financial Services Authority (‘MFSA’) published a new set of rules regulating collective investment schemes using virtual currencies.

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