Corporate and M&A

The Financial Intelligence Analysis Unit (the FIAU) has published an amended version of the Implementing Procedures Part 1, with changes taking effect from the 19th July 2019 (the Amendments). The FIAU has announced that the Amendments intend to provide Subject Persons with more in-depth qualitative guidance to assist them in better fulfilling their Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) obligations.This follows recent amendments to the Prevention of Money Laundering Act, Chapter 373 of the Laws of Malta (the PMLA) and the Prevention of Money Laundering and Funding of TerrorismRegulations, Subsidiary Legislation 373.01 of the Laws of Malta (the…

This article was written by Dr Annalies Muscat and Dr Laura SpiteriOn 2 July 2019, Directive 2019/904 on the reduction of the impact of plastic products on the environment (the 'Directive') came into force. The Directive aims to prevent and reduce the impact of certain plastic products on the environment (1) and, in so doing, promotes the transition to a circular economy that seeks to give priority to sustainable and non-toxic re-usable products and re-use systems as opposed to single-use plastic products. (2) Single-use plastic products are those products manufactured wholly or partly from plastic that is not designed or placed on…

This article was written by Dr Annalies Muscat and Dr Laura SpiteriOn 2 July 2019, Directive 2019/904 on the reduction of the impact of plastic products on the environment (the 'Directive') came into force. The Directive aims to prevent and reduce the impact of certain plastic products on the environment (1) and, in so doing, promotes the transition to a circular economy that seeks to give priority to sustainable and non-toxic re-usable products and re-use systems as opposed to single-use plastic products. (2) Single-use plastic products are those products manufactured wholly or partly from plastic that is not designed or placed on…