It is common practice that organisations promote their products on popular social networks, such as Facebook, and gain the commercial advantage of having their products shared and made widely visible to consumers. One method of doing this has been by using, what are known as, “social sharing” widgets which have become an important feature of […]
The money laundering offence established by the Prevention of Money Laundering Act (Cap 373 of the Laws of Malta, “PMLA”) is defined with reference to participation in a criminal activity, including, conversion, acquisition, possession or use of proceeds from such criminal activity. Attempting any of these activities, or acting as an accomplice in relation thereto, […]
As AML/CFT compliance burdens and regulatory expectations are constantly increasing, the banking sector, including local players, has embarked on a widespread de-risking exercise in an effort to mitigate the risk of non-compliance as well as shed customers which may be associated with higher ML/FT risks. Against this backdrop, the recent case of N vs The […]
Hello Kitty producer Sanrio Company Ltd. (Sanrio) has been fined €6.2 million for banning its licensed traders from selling merchandise, including its popular Hello Kitty figure, across borders to other countries within the European Economic Area (EEA). This decision comes just a few months after the European Commission (Commission) imposed a €12.5 million fine on […]
The Residential Leases Bill has entered the Committee phase of the legislative process after having passed the first two readings in Parliament throughout the months of June and July 2019. The Bill seeks to promote and develop the private rented sector by guaranteeing standards of fairness, clarity and predictability in contractual relations between lessors and […]
Camilleri Preziosi, in collaboration with FinanceMalta, joined over 4,000 industry experts at the Global ABS 2019 – the largest annual European structured finance gathering, which took place between the 11th and 13th June in Barcelona, Spain. AFME and IMN’s three-day conference featured a total of […]
Camilleri Preziosi is proud to announce that it has recently become a member of FraudNet, a specialist international network of fraud and asset recovery lawyers. The network brings together an unrivalled team of legal specialists to assist with issues relating to fraud, money laundering, asset tracing and recovery, spanning across more than 60 jurisdictions globally. […]
In its decision last month in Federación de Servicios de Comisiones Obreras (CCOO) v Deutsche Bank SAE, the Court of Justice of the European Union (CJEU) confirmed that Member States must require employers in their territory to set up systems to record the duration of time worked each day by each of their workers. The […]
Having attended the 15th European ACAMS conference last week, I’d like to share a few key discussion points and thoughts that I found most interesting over the three-day event. The discussion which struck me the most centred around how outdated the current concepts are and the fact that the financial services sector cannot remain stuck […]
Camilleri Preziosi are co-sponsoring the 23rd Annual Global ABS 2019 conference in partnership with FinanceMalta, taking place between the 11th and 13th June in Barcelona, Spain. AFME and IMN’s Global ABS will bring together over 3,500 investors, issuers and service providers from across the world, making it the largest annual European structured finance gathering. This […]