Category: News

Moneyval: AML/CFT supervision during the COVID-19 pandemic

On the 25th of January 2022, MONEYVAL released a typologies report entitled ‘AML/CTF supervision in times of crisis and challenging external factors’[1]. The report provides best practice measures for effective supervision during crises, aimed at addressesing anti-money laundering and counter terrorist financing (AML/CTF) risks and difficulties triggered by the pandemic, including operational limitations, notably limited human resources […]

Read Full Article

The transposition of the EU Whistleblowing Directive into Maltese Law: New obligations for employers in the private sector

Promulgated on the 15th of September 2013, the Protection of the Whistleblower Act (Chapter 527 of the Laws of Malta) (the “Act”) will be amended to be brought in line with Directive (EU) 2019/1937 to, amongst others, include protection of persons who report breaches of European Union law in key policy areas (the “Directive”), as adopted by the […]

Read Full Article

IDD update

In a letter to Dimiter Tzanchev, Chair of COREPER II, on the proposal to postpone the application date of the Insurance Distribution Directive (IDD) to 1 October 2018, the European Parliament Committee on Economic and Monetary Affairs (ECON) welcomed the proposed postponement. The letter notes that the European Parliament is considering positively the postponement of […]

Read Full Article