Malta Financial Services Authority partners with CipherTrace for Crypto Transaction Monitoring

The Malta Financial Services Authority (‘MFSA’) has announced[1] its partnership with the U.S. cybersecurity company CipherTrace Compliance Monitoring (‘CipherTrace’) in order to monitor and regulate the compliance of cryptocurrencies and virtual asset businesses licensed in Malta.  As a Supervisory Technology (‘SupTech’) tool, CipherTrace will facilitate MFSA’s management of money laundering and financing of terrorism risks…

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Women of Influence

*This interview has been published in Maritime Economies newspaper. 1.Are there specific business sectors where women managers can lead? I don’t believe that any business sectors should be exclusive to either men or a woman because such a system runs counter to gender inclusion and further inculcates gender bias. Moreover, I firmly believe that leadership…

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The Economicard Group celebrating 46 years of success

We are proud to be celebrating our 46th anniversary in 2019. Economicard Group of Companies offers a wide and diverse range of services. It was set up in 1973, offering a “cash discount card” service to the general public. The Group then moved on to offering travel and insurance services. Soon after, the Group diversified…

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The Contemporary Company Secretary

Although constantly evolving, in more recent years, the role of the Company Secretary has undergone a significant shift both in the way it is perceived externally and also in its actual fulfilment within an organisation. Whereas historically defined rather restrictively as mainly administrative in nature, the Company Secretary is now expected to fulfil a much…

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Call for AML Regulation for Cryptocurrencies

Ever since the creation of Bitcoin, cryptocurrencies have been applauded and welcomed for constituting an innovative method of payment without any recourse to financial institutions and their entailing bureaucracy.  While honest individuals rejoiced at cryptocurrencies’ legitimate benefits; ranging from an increased degree of privacy and confidentiality to less transactional costs, cybercriminals saluted the decentralised networks…

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Vacancy – Junior Accounts Associate

Job Description: We are currently looking for a Junior Accounts Associate to join our dynamic accounting team. The chosen candidate will support the finance department with managing daily accounting tasks and report directly to the CFO. Responsibilities: Bookkeeping & bank reconciliations; Creditor control; Preparation of invoices and credit notes; Maintenance of accounts ledgers; Assistance in…

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Legal clarity for international couples on matrimonial property

Malta is among the 18 EU member states where new EU Regulations clarifying the rules applicable to property regimes for international married couples or registered partnerships, entered into force on 29 January 2019. The regulations, covering the management and distribution of joint property such as bank accounts in the event of death, separation or divorce,…

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First Big GDPR Fine

After months of conjecture about GDPR implementation, French regulators handed Google a EUR 50 million fine for failing to properly obtain valid user consent to gather data used for targeted advertising. The first substantial GDPR fine raises many questions for businesses, big and small. Let’s consider some of the implications. GDPR Violation France’s National Data Protection…

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Blockchain – the backbone of tomorrow’s digital ports

Picture the scene. An autonomous truck fully loaded with goods leaving the warehouse and arriving without a hitch at its destination almost 200 km away.  The stuff of a millennial James Bond movie? The latest commercial going viral? No, this is October 2016 when a self-driving semi-trailer heaped with Budweiser wheeled its way across the…

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Blockchain Technology Vs. GDPR: Conflict Resolution Required

The General Data Protection Regulation (GDPR) as well as blockchain technology may both be lauded for having reached evolutionary milestones in their respective fields of data privacy and innovative technologies.  Combining these fields is however giving rise to unprecedented concerns. Although GDPR and blockchain technology protect data, ironically data protection compliance is turning out to…

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