Malta No Longer Classified As “Non-Compliant” According To The Latest MONEYVAL Report
MONEYVAL’s Enhanced Follow-up Report on Malta has just been published. Following the request in 2019 for Malta to report to MONEYVAL under the enhanced follow-up procedure, this report has now confirmed that Malta has applied improved measures to combat money...
Amendments To The Prevention Of Money Laundering and Funding Of Terrorism Regulation
Following a series of constitutional cases involving the Financial Intelligence and Analysis Unit (“FIAU”) whereby subject persons were alleging that the fines being imposed were disproportionate, the Prevention of Money Laundering and Funding of Terrorism Regulation,...
Proposal Of The European Parliament And The Council On Harmonised Rules On Artificial Intelligence
Following various policy papers and guidelines published by high-level working groups on Artificial Intelligence (“AI”), on the 21st of April 2021 the European Commission issued a set of proposals for the introduction of harmonised rules on artificial intelligence...
Adoption Of The Maltese Passenger Yacht Code
The Malta Merchant Shipping Directorate has announced the entry into force of the Passenger Yacht Code (PYC), with effect from the 25th of May 2021. It is widely recognised that when considering the operational pattern and risk profile of commercial yachts, the...
Dr. Christian Farrugia Panellist At The Regulatory Expectations of Bank Boards Webinar
Senior Partner of the law firm Dr. Christian Farrugia, who is also the Chairman and non-executive director of Merkanti Bank Limited, will be participating as a guest speaker at a webinar titled ”Regulatory Expectations of Bank Boards” which is being organised by the...
Curbing Redundancies In Terms Of The Employment And Industrial Relations Act
The unpredictability of COVID-19 has put many business owners and employees on edge. Notwithstanding the financial aid which has been made available to employers and employees in hopes of easing their financial burdens, the looming thought that employers might not be...
Revision Of The Non-Convention Vessel Code
Following the successful introduction and implementation of the Non-Convention Vessel (NCV) Code, and after following feedback and consultation with all stakeholders and interested parties, the Malta Merchant Shipping Directorate has announced that this NCV Code has...
Flexible Resolution of Difficulties in the Administration of Maltese Trusts
An interesting hallmark of the Maltese trust system is the flexibility afforded to trustees and other interested parties in handling situations which are best not left entirely to the discretion of the trustee. In this article, DR TONIO FENECH, Partner at Fenech...
Offices Closure Notice
Please note that Wednesday 31st March and Friday 02nd April, are Public Holidays and our offices will therefore be closed. Please note furthermore that we will be operating with reduced staff on Thursday, the 01st of April. During this period, we would ask you to...
Office Closure Notice – Public Holiday
Please note that Friday 19th March is a Public Holiday and our offices will therefore be closed. We would ask you to kindly copy any urgent enquiries to [email protected] We will resume our normal operations on Monday 22nd March 2021.