What keeps MLROs awake at night?

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.

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GDPR Roles & Responsibilities for Data Protection Officers Seminar

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.

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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.

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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.

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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.

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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.

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Member Benefits

✔ Latest compliance laws and regulations updates
✔ Certification and training
✔ 10% Discount on course and training costs
✔ 10% Discount for events and conferences
✔ Business Networking in Gibraltar
✔ Access to member forums

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Contact Information

(+350) 200 74518

info@gaco.gi

Gibraltar Association of Compliance Officers,

PO Box 1493, Gibraltar