Amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations – Legal Noti
On 30th April 2021 a legal notice (L.N. 199 of 2021) (the “Legal Notice”) introduced a number of amendments to the ‘Prevention of Money Laundering and Funding of Terrorism Regulations’ (the “PMLFTR”). The following is a short synopsis of the key amendments:
FIAU publishes revised version of Implementing Procedures – Part II for the Virtual Financial Assets
On 18 September 2020 the Financial Intelligence Analysis Unit (the “FIAU”) published a revised version of the Implementing Procedures – Part II on the ‘Application of Anti-Money Laundering and Countering the Funding of Terrorism Obligations to the Virtual Financial Assets Sector’(the ‘VFA Procedures’).
The Creation of Cell Companies by Companies carrying on or engaged in Shipping or Aviation Business
By virtue of Legal Notice 248 of 2020, new regulations were issued under the Companies Act entitled Companies Act (Shipping and Aviation Cell Companies) Regulations (the “Regulations”). These Regulations were introduced to complement the recently introduced enabling provision under article 84E of the Companies Act (Chapter 386 of the Laws of Malta) (the “Companies Act”). …
FIAU Proposes Amendments to the Implementing Procedures
The Financial Intelligence Analysis Unit (FIAU) has proposed a series of amendments to Part I of the Implementing Procedures issued under the Prevention of Money Laundering and Funding of Terrorism Regulations (Subsidiary Legislation 373.01). These proposed amendments seek to make certain obligations more practicable particularly for the funds industry.
IP infringement or breach of contract?
There is no quibbling when it comes to applying IP enforcement measures
The Covid-19 shock waves to the shipping industry
The COVID-19 pandemic has created an unprecedented crisis practically grinding the world’s economies to a halt and which in turn impacted the backbone of the world trade, the maritime industry. The impact on maritime business is wide-ranging. Lars Jensen, CEO of the Copenhagen-based provider of container shipping analysis SeaIntelligence Consulting estimated that 17 million TEU …
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The European Union’s Investment Policy
The Communication from the Commission to the Council, the European Parliament, the European Economic and Social Committee and the Committee of the Regions – Towards a comprehensive European Investment Policy (Brussels 7.7.2010 COM (2010)343 final) outlines the first steps of the European Union to establish an investment policy, following the Lisbon Treaty through which investment too became a common …
Extraordinary G20 Virtual Leaders’ Summit
Tackling the pandemic and its economic implications as the world faces a global fallout has brought the G20 countries together in an extraordinary way. Tackling the pandemic and its economic implications as the world faces a global fallout has brought the G20 countries together in an extraordinary way.
The EU’s Market Access Database – Providing tangible assistance to SMEs
As Europe confronts the Covid-19 pandemic and economic upheaval looms large, business continuity plans are essential like never before. So is making the best out of a slow-down by assessing a given modus operandi not only in the light of what needs to be adapted and adopted, but also to improve structures and performance once …
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The EU’s Economic Response to COVID-19
As the looming economic crash induced by the COVID-19 becomes all the more imminent, the European Commission is stepping up its economic and fiscal measures to assist the EU Member States in combatting and mitigating the current economic shocks to the Internal Market.