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”).
The Government has said that the “hypocrisy of the GSD is unfathomable” adding that it is “utterly ridiculous” for them to misrepresent what it calls the “excellent financing transaction” which the Government has achieved for Gibraltar as if it were something negative.