Breakfast with CEO is a new initiative launched this year whereby we group together newcomers from the different business areas and invite them to have breakfast with our CEO, Michael J. Zammit. Other senior members of the management also attended. Such an initiative has multiple objectives, the first and most important is to give newcomers […]
The Malta Gaming Authority (MGA) has recently issued a Preliminary Market Consultation (PMC) document to request information pertaining to possible project implementations which could provide a Unified Self-Exclusion System to be applied to the regulated gaming industry in Malta. The PMC document may be accessed via the Maltese Government’s Electronic Public Procurement System (ePPS). All […]
Earlier this year, the EU agreed on a directive that would grant men 10 days of paid paternity leave. Such an incentive would see paternity leave increase ten-fold from the current 1 day allowance. Whilst no discussion has taken place in Malta on how and when this new directive would be adopted, it is a […]
The Industrial Tribunal insists that a resignation from an employment should not be equivocal. It has to be clear. Above all, it has to be genuine, explicit, authentic, done voluntarily and preferably in writing. These elements of a resignation were identified in case 2829/FM Mark Buhagiar vs Gozo Express Services, which characteristics were confirmed in […]
The financial services industry has been one of the main driving forces behind Malta’s economic success over the past 15 years and it is without a doubt that Malta’s European Union membership has been a major role player within this success story. Malta’s full EU membership ensures that the island is adequately equipped to provide […]
2019 is a year of many uncertainties in terms of UK & European politics. With no perceived outcome to the ever-broiling Brexit saga, this is certainly a disrupting factor which is now being placed on the radar of many financial services industry players.Whilst many may be still holding onto a silver lining that Brexit may […]
In 2016 the European Central Bank (“ECB”) discussed the use of digitisation and new technologies and how such may affect the banking systems of tomorrow. The ECB reflected on the utilisation of Distributed Ledger Technologies (“DLT”), their potential impact in improving credit institutions internal efficiencies, the possibility of a critical core of market players making […]
The Malta Gaming Authority (MGA) and the Spelinspektionen (the Swedish Gambling Authority) have entered into a Memorandum of Understanding (MoU) for the purposes of enhanced cooperation between the two authorities in furtherance of the authorities’ public policy objectives and mutually common values. The aim of this MoU is to facilitate on-going close communications between the […]
On 4 January 2019, the FIAU issued a guidance document for Subject Persons regarding the compilation of the Anti-Money Laundering and Countering the Financing of Terrorism Risk Evaluation Questionnaire (REQs). The Guidance Document explained the content of the REQs and made reference to the automated data collection tool which will be used to collect the […]
