GACO in conjunction with HAT Group of Accountants is very happy to organise this Evening Seminar on the subject of better understanding your obligations in terms of accounting and disclosure requirements for Gibraltar Companies.
The risks for MLROs are high. If authorities can prove that preventions for money laundering were not sufficient then it could lead to imprisonment.
Each firm within the UK regulated financial services sector is required to appoint a Money Laundering Reporting Officer (MLRO) who is the focal point for a firm’s adherence to anti-money laundering and terrorist financing regulations, reporting to a director or senior manager.
GACO together with Rock Learning are offering a one-day training seminar with a UK-based Data Protection Consultant on the additional duties that will be required under the GDPR for DPOs.
Suitable for Data Protection Professionals, Lawyers, Compliance Officers, MLROs & Senior Management who already have a basic understanding of the new legislation.
GACO together with GII sucessfully organised and conducted a seminar with Intelect Solutions on Internet Investigative Skills - Digital Due Diligence Program, whereby Conlin Tansley MSc, M.A.B.I., showed the participants how to make their online searches more efficient and effective.
Carlos Martins speaks with The Gibraltar Magazine about the ICA and GACO and their missions.
Holy See has made progress in combatting money laundering, but needs to step up efforts to obtain prosecutions.
We are very proud as part of Project Nexus to announce that the GFIU is going digital and has acquired an online SAR (Suspicious Activity Report) System that is going to be made available in early 2018 to all the entities in Gibraltar that have the obligation to report suspicious activities.
The European Union has published its first blacklist of tax havens, naming 17 jurisdictions including Panama, South Korea and the United Arab Emirates.
The list, which was agreed at a meeting of European finance ministers last week, is the result of a one-year exercise that involved screening 92 countries and asking their governments to plug any tax loopholes that were found.
After a couple of introductory words by the GACO Chairman, Carlos M. Martins, the GRA CEO kicked-off the session by dispelling the most common Myths around GDPR. The very interesting session was then continued by Bradley who delivered concise insights into the GDPR and how local players are supposed to transpose the regulations locally.
FATF President Mr. Santiago Otamendi and GAFILAT President Mr. Eugenio Curia, both from Argentina, chaired the first Plenary meeting of FATF-XXIX in Buenos Aires. This was a joint Plenary with GAFILAT, therefore all members of both organisations were able to participate in the meeting.
GACO has successfully organised and conducted a seminar on UK Reporting Obligations and UK Taxation of Offshore Structures on the 15th of November 2017. Speakers at this interesting, well organised and highly entertaining event, were Caroline Le Jeune, Head of Private Clients and Fiona Fernie, Tax Dispute Resolution Partner, both at Blick Rothenberg UK.
As from the 1st January 2018, any firm carrying out by way of business, in or from within Gibraltar, the use of distributed ledger technology (DLT) for storing or transmitting value belonging to others (DLT activities), will need to be authorised by the Gibraltar Financial Services Commission (GFSC) as a DLT provider. Firms seeking to apply are encouraged to speak to one of the local advisors as soon as possible.
Read more: http://www.gfsc.gi/dlt