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.
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.
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.
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.
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).
The Malta Financial Services Authority (‘MFSA’) published a new set of rules regulating collective investment schemes using virtual currencies.
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.
The Malta Financial Service Authority (the ‘MFSA’), Malta’s regulator for the Financial Services industry, published the consultation document in November 2017