The European Commission concluded its first annual review of the EU-US Privacy Shield program and determined that the program remains to be an adequate safeguard in the protection of personal information that is transferred from Europe to the US.
In a judgement delivered by the First Hall of the Civil Court on 28 September 2017, the court found an ex-director who was also general manager, liable to pay €350,000 after the court found that fiduciary obligations had been breached.
Based on the incentives announced during the 2017 budget speech, Parliament enacted rules on 12 September providing incentives for employers with respect to voluntary occupational pension schemes applicable as of 1 January 2017.
The use of alternative finance instruments and channels has increased since the last financial crisis. One of the reasons for this is that credit institutions have become more vigilant in granting facilities and in turn, it has become harder for companies to raise finance.
Earlier this month, the parliamentary legislative process for the transposition of the Fourth Money Laundering Directive into Maltese law was initiated following the presentation in Parliament of The Prevention of Money Laundering (Amendment) Act, 2017 (Bill 10 of 2017) (the “Bill”).