The recent decision of the Court of Justice of the European Union (CJEU) has defined the function of data protection officers (DPOs) in enterprises and their capacity to conduct other employment-related activities. Article 38 of the EU General Data Protection Regulation explains the roles and responsibilities of DPOs in companies that process personal data

Further to the issuance of the Sandbox Framework for the acceptance of cryptocurrency deposits as an alternative method to traditional finance and a consultation followed by a workshop with external stakeholders, the MGA has now published a policy which clarifies the Authority’s position.

Transfer Pricing Rules have been transposed into Maltese tax
legislation on 18th November 2022 through Legal Notice 284 of 2022.

In 2018, the MGA had published details on its Sandbox Framework for the
acceptance of Virtual Financial Assets and Virtual Tokens and the use of
Innovative Technology Arrangements (ITAs) such as blockchain technology
within the gaming industry.

In this article, we will discuss how operators licensed by the Malta Gaming
Authority (‘MGA’) can accept cryptocurrency deposits as an alternative
method to traditional finance.

Innovative Technology Arrangements (ITAs) such as blockchain technology

within the gaming industry.

In this article, we will discuss how operators licensed by the Malta Gaming

Authority (‘MGA’) can accept cryptocurrency deposits as an alternative

method to traditional finance.

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As a result of the continuously growing compliance requirements, the outsourcing of compliance functions has increased in popularity. Increasing compliance requirements means that firms would be subject to higher operational costs, therefore, when subject persons choose outsourcing, they will have the advantage of reducing costs while also focusing on their core business

Notaries Public are considered as a ‘subject person’ under the Prevention of Money Laundering and Funding of Terrorism Regulation since they may provide a ‘relevant activity’ as defined by the same regulation.

Overcoming the barriers to cross-border online sales – this was the primary aim as announced in the Commission’s 2015 Communication ‘A Digital Single Market Strategy for Europe’ and the 2016 Communication on an action plan on VAT ‘Towards a single EU VAT area – Time to decide’.

The scope of this article is to provide a non-political and professional explanation of the impact of a “Grey listing” by FATF on a Country’s various industries which rely directly or indirectly on the financial and banking industries, which are directly impacted by such Country Risk Classification.

The temporary COVID-19 measure for the reduction in property transfers tax and stamp duty for transfer of property has been extended.

Since the 4th AML Directive came into force in 2018, Subject Persons in Malta had an obligation to start utilising a ‘risk-based approach’ to due diligence methodologies. The regulation provides certain mandatory factors within a risk model whilst providing ample flexibility for firms to take advantage of.

And whilst DAC8 is in progress...DAC7 has been adopted!

On 22 March 2021, the Council of the European Union adopted new rules revising the Directive on administrative cooperation in the field of taxation to extend the European Union (EU) tax transparency rules reporting by digital platforms on their sellers.

On the 15th March, the European Commission launched a public consultation to evaluate the extension of the current directive on administrative cooperation (DAC), to provide for the exchange of information in the field of taxation to include crypto-assets and e-money.

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