Even in our instant click button access to a world of information, The Shipping Law Review remains an unbeatable publication in its collation of updates to maritime laws worldwide since it combines both a cross-jurisdictional and jurisdiction-specific approach. As a result, it enables readers to glean both an international and national perspective of the latest developments in competition and regulatory law, maritime disputes, decommissioning, sanctions, ocean logistics, piracy, shipbuilding, ports and terminals, offshore shipping, marine insurance and environmental issues.
For the second consecutive year GMX legal specialists have
contributed exclusively to the chapter dealing with Malta – a major flag state actively
sustaining its prestige as Europe’s largest shipping register and 6th
position global ranking. Both Dr Jean-Pie Gauci-Maistre and Despoina Xynou
share the breadth and depth of their expertise honed by over a decade of dealing
in maritime and corporate law, ship registration, ship finance, mortgages and
international taxation.
You may access the Malta Chapter through the link here.
On the July 17, 2019, the Financial Intelligence Analysis Unit released a revised version of its Implementing Procedures Part I – guidelines in relation to Anti-Money Laundering Legislation effective from July 19, 2019. The guidelines aim to assist financial service providers as well as a number of professionals who meet the requirements of subject persons under the Prevention of Money Laundering and Funding of Terrorism Regulations (S.L. 373. 01) in implementing their AML/CFT obligations.
The amendments of the revised Implementing Procedures Part I are outlined as follows:
Risk
Based Approach: Highlightsthe significance of the Risk Based Approach which subject persons are
required to adopt, laying down detailed guidance on the carrying out of
business and customer risk assessments. Given that the list of risk factors
cannot be comprehensive, the FIAU notes that appreciation must be given to the
nature, actives and size of the business;
Elaborates the topic regarding
Virtual Financial Assets Agents;
More detailed Customer Due Diligence rules: Chapter 4
has been revamped so as to provide subject persons with a better understanding
of Due Diligence obligations, emphasising on the importance of conducting
appropriate and effective on-going monitoring;
Chapter 4 includes a
new sub-chapter ‘Sanctions screening’ (no 4.11), highlighting the importance of
cooperation and coordination with competent authorities;
Amendments
to Chapter 8 clarify what constitutes dealing with Non-Reputable
Jurisdictions and High- Risk Jurisdictions.
A new
section under the number 4.11 has been added to admonish subject persons of
their sanction screening, freezing
assets and reporting obligations emanating from the National Interest Act.
Outsourcing:
AML/CFT outsourcing rules have been further clarified in Chapter 6. For example
the FIAU has listed which AML/CFT obligations may be outsourced;
In
conclusion, the above updates incorporate the EU guidelines issued by its competent
authorities regarding the Prevention of Money Laundering and Terrorist Financing.
Moreover, the detailed Implementing Procedures help gatekeepers as subject
persons to fully understand the importance of the prevention of misuse of the
financial system for the purpose of money laundering.
The 16th annual Shiparrested members’ conference was successfully organised in Malta between 20th and 22nd June and Gauci-Maistre Xynou (Legal | Assurance) is proud to have participated in both the organisation as well as the conference as such.
Some 100 delegates from 30 countries attended the Shiparrested.com’s 16th annual members’ conference held in Malta. Shiparrested.com is a network of hundreds of worldwide maritime law practitioners who have collaborated over the last 20 years, utilising their combined knowledge and experience to provide assistance and services relating to swift ship arrests and releases.
The
network also functions as a hub for up-to-date information on arrest procedures
around the world with its annual Ship Arrests in Practice, a staple publication
in the maritime industry.
The three-day event kicked off with drinks held at the Upper Barrakka Gardens in Valletta, introducing the seven organising Maltese firms: Fenech & Fenech Advocates, Gauci & Partners Advocates, Dingli & Dingli Law Firm, Ganado Advocates, Mifsud & Mifsud Advocates, Gauci-Maistre Xynou (Legal | Assurance) and Refalo Advocates.
A
full-day conference followed at the Phoenicia Malta hotel, with various panels
and speakers discussing the most recent updates in the maritime industry. The
conference opened with a panel of local legal practitioners discussing the
recent developments relating to arrests of vessels in Malta. Chaired by Kevin
Dingli, interesting contributions were made by lawyers Larry Gauci, Cedric
Mifsud and John Refalo. Robert Vassallo from Transport Malta also provided
unique insight as the port authority’s representative.
The organising committee at the Palazzo De Piro dinner, from left: Jessica Curmi, Martina Farrugia, Adrian Attard, Chantalle Gauci, Amy Lee Micallef, Charlene Gauci, Despoina Xynou and Jan Rossi.
The
subsequent items on the conference’s morning programme included a discussion on
recent US jurisprudence on the possibility of piercing and lifting the
corporate veil in shipping matters and an update on jurisdictional developments
in Singapore, the UAE, Saudi Arabia and Russia respectively, keeping all
participating delegates alert and interested.
After
a lunch served at the Phoenix Restaurant, the afternoon sessions were led by a
second panel composed of Maltese legal practitioners Louis Cassar Pullicino,
Ann Fenech, Jean-Pie Gauci-Maistre and Tonio Grech discussing proceedings
relating to judicial sales of vessels. Chaired by Amy Lee Micallef, the
panellists drew from their considerable experience to highlight good practices
in the industry and discussed the need for legislative amendments in response
to challenges facing the industry.
The
panel was followed by three network members competing for the coveted title of
‘Strangest Arrests of the Year’ and drew to a close with diverse interventions
relating to insurance cover for insect infestation under a cargo policy, a
presentation on injunction procedures in Panama, and finally a legal update on
Hong Kong as a maritime jurisdiction.
Amy Lee Micallef, Jean Pie Gauci Maistre, Ann Fenech, Tonio Grech and Louis Cassar Pullucino.
Delegate members were given the opportunity to network over dinner at Palazzo De Piro in Mdina, and a fun guided tour of Valletta the following morning. The three-day event closed off with lunch at the Chophouse in Sliema. Next year Jordan will be hosting the 17th edition of the conference.
The
event was coordinated by Colours of Malta and partly sponsored by Transport
Malta.
The Digital Marketing Assistant role will
be focusing on designing and delivering effective, modern, innovative digital
marketing strategies with the sole aim of driving traffic to the company
websites. The candidate will be utilising current technology and methodologies
across all social media channels aiming at raising brand awareness
Duties &
Responsibilities:
Develop the marketing strategy online
Design, develop and implement the company’s social media strategy across
all channels
Develop engaging online content including videos, graphics, and blogs;
monitor and analyse the content success
Design, develop and implement the advertising strategy of the company’s
products
Work very closely with the marketing manager to articulate online the
marketing strategy and targeting campaigns of the year
Design the SEO strategy of the company websites and monitor key metrics
and KPIs
Create reports that prove effective strategy implementation
Forecast marketing campaign growth and return on investment for
marketing campaigns
Manage email and social media marketing campaigns
Keep abreast with new technologies ensuring fluency in all social media
sites, web technologies
Knowledge /
Experience required / Person Specificities:
Fluent in social media, web technologies and google analytics
Successful proven record of translating marketing campaigns online
Marketing / advertising / SEO experience
Analytical with a passion for analysing data and coming up with trends
Creative flair
Driven and action oriented
Team player
Committed and dedicated
Push boundaries and think out of the box
To apply:
Interested candidates are to apply by sending their
CV together with a cover letter to HR Manager: hr@gmint.com, quoting in the subject
field “Digital Marketing Assistant GMX”.
