The Unclaimed Financial Assets Act: Revisited
Prior to the enactment of the Unclaimed Financial Assets Act No.40 of 2011, (“the Act”) unclaimed financial assets were left under the control of the various holders or such entities where such assets were held. With the operation of the Act, all entities are required to report, trace and deposit any unclaimed financial assets with …
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The fifth anti-money laundering and terrorist financing directive (AML 5) – Key aspects and changes
On 19 April 2018, the European Parliament adopted the new directive on the prevention of the use of the financial system for the purposes of money laundering or terrorism financing.
5th AML Directive – Key aspects
The 5th AML Directive was published in the Official Journal of the European Union on 19 June 2018, and will enter into force 20 days thereafter.
MiFID 2 and its distinctive Luxembourg features
On 31 May 2018, the law on markets in financial instruments (the “2018 Law”) as well as the grand-ducal regulation relating to safeguarding of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits (the “Grand-Ducal Regulation”) …
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Maltese Parliament has unanimously approved second reading of all three Cryptocurrency/Blockchain/DL
Maltese Parliament unanimously approves second reading of all three Crypto-currency Bills.
Publication of the Insurance Distribution Act and Insurance Distribution Rules
The Insurance Distribution Rules published by the MFSA come into force as of 1st October 2018.
Malta Ahead of the Game: Three cryptocurrency and blockchain Bills passed the second reading stage
During a conference organised by the Malta Institute of Management, Parliamentary Secretary for Financial Services, Digital Economy and Innovation Silvio Schembri, announced that the three crypto-related bills, namely the Malta Digital Innovation Authority Bill, the Innovation Technological Arrangements and Services Bill, and the Virtual Financial Assets Bill will pass through the second reading in Parliament, …
Insurance contract law reform back on the agenda for 2018
The Government announced on 6 March that it is undertaking a review of New Zealand's insurance contract law, and has released a terms of reference for the review here.
All You Need to Know about the Application for Overseas Investment Projects
All You Need to Know about the Application for Overseas Investment Projects – Key Points of NDRC Guidelines for Preparing Application for Overseas Investment Projects
Why Register a Cyprus Company
Anarticle by Mr. Michalis Economides, CEO | Advocate & Legal Consultant ofthe International Law Firm Chambersfield Economides Kranos Business nowadaysoperates in an interconnected world, without any boundaries or limitations toprotect brands and companies from the merciless competition. In our era, due totechnological breakthroughs, competition is thriving and multi-attacking companiesand brands from various channels of communication; …