Malta – A Viable Brexit Solution for Businesses

Malta – A Viable Brexit Solution for Businesses

“As a hard-nosed, self-made busi­ness­man, I believe that Mal­ta rep­re­sents the best des­ti­na­tion for ambi­tious UK firms that must have a post-Brex­it pres­ence in the EU” — Michael Ashcroft The depar­ture of Europe’s num­ber one des­ti­na­tion for for­eign direct invest­ment has sent shock­waves through­out the world and cre­at­ed con­fu­sion and...

Blockchain Technology vis-à-vis the GDPR

Blockchain Technology vis-à-vis the GDPR

The use of blockchain technology is still new to our digital age, however it is important to view such usage from a GDPR Perspective. The GDPR mainly focuses on the Protection Data and highlights the importance of compliance with the requirements set out in the Regulation. Despite the incompatibilities, the GDPR and Blockchain Technology can co-exist.

Summary to the MFSA Circular regarding Amendments to Chapter 3 of the Rulebook

Summary to the MFSA Circular regarding Amendments to Chapter 3 of the Rulebook

Chap­ter 3 of the VFA Rule­book applies to VFA Ser­vice Providers who are seek­ing to obtain their license with­in the VFA sphere as per the laws and reg­u­la­tions of Mal­ta. The MFSA issued a cir­cu­lar addressed to VFA Ser­vice Providers in sup­port of inno­va­tion of the sec­tor adapt­ing a more prin­ci­ples-based...

Are you GDPR Ready? Everything you need to know!

Are you GDPR Ready? Everything you need to know!

Liv­ing in a data-dri­ven world where almost every aspect of our lives revolves around and involves the col­lec­tion, pro­cess­ing and reten­tion of data, the 1995 Direc­tive strug­gled to keep up with the hasty tech­no­log­i­cal devel­op­ments.   This is why in 2012, the Euro­pean Com­mis­sion pub­lished leg­isla­tive pro­pos­als for data pro­tec­tion reform...

Risk-based approach to Supervision or Monitoring of VASPs (Virtual Asset Service Provider)

Risk-based approach to Supervision or Monitoring of VASPs (Virtual Asset Service Provider)

Risk-based approach and what it entails When tack­ling AML/CFT (Anti-Mon­ey Laundering/Countering the Financ­ing of Ter­ror­ism), the risk-based approach aims to build those mea­sures to pre­vent or mit­i­gate that are equal to the ML/TF (Mon­ey Laundering/Terrorist Financ­ing) risks iden­ti­fied by the rel­e­vant coun­tries and oblig­ed enti­ties. When it comes to super­vi­sion,...

The importance of AML compliance

The importance of AML compliance

In the busi­ness world, com­pli­ance is a very impor­tant fac­tor as it is a vital ele­ment that pro­vides cred­i­bil­i­ty to the sec­tor and aids in build­ing trust. Said com­pli­ance is a major func­tion of a com­pa­ny to its stake­hold­ers and when exe­cut­ed prop­er­ly, com­pli­ance forms the basis behind the why...