Recent Amendments to the Procedure for Arrest of Vessels
Recent changes were introduced to the Code of Organisation and Civil Procedure (Chapter 12 of the Laws of Malta) through Act XXXI, entitled Various Laws (Better Administration of Justice) (Amendment) Act, 2019 which came into force as from 18th December 2019. The amendments have enhanced the conventional procedure for the arrest of vessels in Maltese…READ MORE +
Unauthorised Gaming Service fined a record €2.34 million by MGA.
The Malta Gaming Authority (MGA) has imposed a €2.34 million financial penalty to Blackrock Media Limited for operating a gaming service without the necessary authorisation. Silvio Schembri, Parliamentary Secretary for Financial Services, Digital Economy and Innovation, has said “that this is the highest fine ever issued by the MGA”. The joint investigations carried out by…READ MORE +
MFSA issues circular to Virtual Financial Asset Service Providers in relation to Amendments to Chapter 3 of the Virtual Financial Assets Rulebook
Following the issue of a Consultation Document (the ‘Consultation Document’), on the 15th October 2019, presenting the MFSA’s proposals on the Systems Audit and Live Replication Server requirements laid down in Chapter 3 of the Virtual Financial Assets Rulebook and subsequent feedback from participants and interested parties, the MFSA, has, on the 10th December 2019,…READ MORE +