GCID SAR Presentation at The Rock Hotel, 18th December

GCID SAR Presentation at The Rock Hotel, 18th December

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.

EU publishes its first tax haven blacklist

EU publishes its first tax haven blacklist

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.

GDPR Seminar Success at the Sunborn

GDPR Seminar Success at the Sunborn

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.

Outcomes Joint FATF/GAFILAT Plenary, 1-3 November 2017

Outcomes Joint FATF/GAFILAT Plenary, 1-3 November 2017

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.

UK Reporting Obligations and UK Taxation of Offshore Structures Seminar

UK Reporting Obligations and UK Taxation of Offshore Structures Seminar

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.

Authorised DLT Regulatory Framework from January 2018

Authorised DLT Regulatory Framework from January 2018

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

Launch of Project NEXUS

Launch of Project NEXUS

GCID/GFIU has officially in cooperation with GACO, GFSC, OFT, RGP, Gambling Division, HM Customs, Tax Office, Gibraltar Law Office and other stakeholders in Gibraltar launched on October 18, 2017 the Gibraltar Financial Intelligence Unit Outreach Program called Project NEXUS.

Jurisdiction Risks and Threats

Jurisdiction Risks and Threats

Carlos Martins featured at 22:00 on GBC's Viewpoint.

GBC discusses the banking and finance industry and combating modern day risks and threats.

http://www.gbc.gi/tv/programmes/viewpoint-14/episode/210917-3552

4MLD and Amendments to POCA

4MLD and Amendments to POCA

This newsletter covers amendments made to the Proceeds of Crime Act 2015 (POCA) as well the introduction and amendments to secondary legislation made since late 2016...

Click to view / download (gibraltar.gov.gi)

2017 Basel Index Report Download

2017 Basel Index Report Download

This is the sixth edition of the Basel Anti-Money Laundering (AML) Index developed by the Basel Institute on Governance. The Basel Institute published the Basel AML Index for the first time in 2012 and has since then been the only non-profit organisation to create a research-based ranking focusing on the risk of money laundering and terrorist financing.

Jersey companies incorporated to implement tax scheme were UK resident, says tax tribunal

Jersey companies incorporated to implement tax scheme were UK resident, says tax tribunal

Three Jersey companies which were incorporated in order to crystallise capital losses for a group as part of a tax planning scheme were UK tax resident, the First-tier Tribunal has decided.

Crowdfunding models explained

Crowdfunding models explained

Utilising the power of the collective to achieve challenging goals is not a new phenomenon, think the Longitude Prize in 1714 and the crowdsourced creation of the chronometer. However, in a contemporary sense, crowdfunding began gaining real traction in 2008/09 with the birth of reward-based platforms IndieGoGo and Kickstarter, the two US giants, in an industry that has raised more than £2 billion globally. This is a good place to start differentiating the platforms and six key business models I am choosing to focus on. These are reward-based, donation-based, micro-lending, peer-to-peer, peer-to-business and equity.

Read more - Crowdcube

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Gibraltar Association of Compliance Officers,

PO Box 1493, Gibraltar