The Government says it notes, “with disappointment”, the European Parliament’s objection, today, to the entry into force of the European Commission’s decision to remove certain jurisdictions, including Gibraltar, from the EU’s list of ‘high-risk’ third-countries with strategic deficiencies as regards anti-money laundering and counter-terrorist financing (“AML/CFT”).
Members of the local insurance industry joined the KPMG Gibraltar Managing Director, Jon Tricker and team at the Sunborn Hotel on Friday for an update on how Solvency II, the EU’s new insurance regulatory framework, is being enforced in both Gibraltar and other jurisdictions.
Ocean Spa Plaza has come away with a brace of top-level prizes at the famed International Property Awards. Held in London at the end of October, the judges awarded the eco resort the highest accolade available, Five Star, in the Residential High-Rise Development and Development Marketing categories – beating off all competition in Gibraltar.
The Government has brought an action seeking the annulment of a decision taken by the European Commission on the practice of tax rulings in Gibraltar. It did so on Wednesday of last week by means of an application lodged with the European Court in Luxembourg.