8th September 2017
Fewer than ten of the approximately 40 banks that conduct EU business out of London have applied so far for a licence to continue banking in the bloc after Britain leaves, regulatory sources told Reuters. The slow pace of applications is raising concern at the European Central Bank, the EU’s… Read More
8th September 2017
A meeting of the Pakistan’s National Accountability Bureau (NAB) executive board on Thursday decided to file three corruption references against members of the Sharif family and one against Finance Minister Ishaq Dar on Friday in the accountability courts at Islamabad and Rawalpindi. The meeting held at the NAB headquarters was… Read More
6th September 2017
The head of Brazil’s Olympic committee allegedly paid a $2 million bribe to secure votes for Brazil. The allegations came as police revealed a nine-month investigation into the corruption behind the Olympic bid. Read More
24th August 2017
The British government is seeking to negotiate a deal over data sharing with Europe in which there are no substantial regulatory changes as a result of Brexit. The ambitious strategy emerged on Thursday in the last of a series of summer policy papers published by the Department for Exiting the… Read More
23rd August 2017
Theresa May has insisted the jurisdiction of the European Court of Justice in the UK will come to an end with Brexit. As the government published new details of its position, the PM said the UK would ‘take back control of our laws;’ but critics say it will be… Read More
10th August 2017
Just over €16.8 million was recovered by the tax authorities after previously unknown foreign holdings by Maltese were laid bare in the Panama Papers and Swiss Leaks. Information supplied by the Tax Compliance Unit (TCU) shows that €6.3 million has been recovered from its investigations into the Panama Papers data,… Read More
4th August 2017
The governor of the Bank of England has predicted that the financial sector could double in size to be 20 times as big as GDP within the next 25 years, but warned that the government must hold its nerve and resist pressure to water down regulation after Brexit. Speaking to… Read More
3rd August 2017
We are beginning to see the legal enforcement fallout from the now infamous Panama Papers. Canada Revenue Agency’s (CRA) concerted efforts to find undeclared offshore money and assets is moving into full gear. In addition to pursuing typical civil audits, the CRA is now executing search warrants and launching criminal… Read More
3rd August 2017
A lawyer who filed one of the seven appeals against Magistrate Ian Farrugia’s decision to launch an inquiry into money laundering allegations, said that the clients are arguing that the request is “procedurally wrong”. MaltaToday has been refused a copy of the appeal application by the courts, but one of… Read More
2nd August 2017
The British government published plans on Wednesday for a bill that would give it the legal power to impose sanctions after it leaves the European Union, including making it easier to cut off terrorism funding and freeze assets. Britain now negotiates and imposes non-UN sanctions against specific countries through EU… Read More