Gibraltar’s representation at the Labour Party Conference continued yesterday evening with the Gibraltar Reception hosted by the Chief Minister Fabian Picardo and featuring a keynote speech by the UK Minister for Europe and the Overseas Territories Stephen Doughty MP.
The Government, replying to the latest press release by the GSD, have said that updated regulations in the United Kingdom following the FATF’s decision to provide an Action Plan for Gibraltar are part of the process in the United Kingdom which follows the FATF decision on each and every Country that is listed by them with an action plan. As soon as Gibraltar, or any other country is removed from the “grey list”, the Regulations will be further amended reflecting the change.
AquaGib has announced the arrival of a new temporary reverse osmosis (RO) plant in Gibraltar. The RO plant was delivered by land from Italy in partnership with Balaena, the new owners of Gibdock who came forward and offered their immediate support in using their extensive logistics network to assist Gibraltar in its time of need.
The GSD says it is disappointed by the recent amendment to the UK’s Money Laundering regulations and the classification of Gibraltar as a “high-risk third country for the purposes of enhanced customer due diligence requirements”.
