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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16.03.2018

Advisory and Structuring

Malta Gaming Authority - A New Gaming Bill in the Maltese Parliament

A new gaming bill has been tabled in the Parliament of Malta. On 13 March 2018, the Hon. Silvio Schembri, the Parliamentary Secretary for Financial Services, Digital Economy and Innovation, tabled a motion in Parliament for the first reading of a new gaming bill.

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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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13.02.2018

Fund Formation and Management

Establishing a Collective Investment Scheme in Malta

There are several types of investment funds that can be set up in Malta. These range from the traditional UCITS fund to Professional Investor Funds (PIFs), Alternative Investment Funds (AIFs), Private Funds and the recently launch Notified Alternative Investment Fund (NAIF).

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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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04.01.2018

Due Diligence

Commission welcomes the entry into force of new rules to prevent tax evasion and money laundering

The Commission has welcomed the entry into force of new rules obliging Member States to give tax authorities access to data collected under anti-money laundering legislation.

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