EU's AML/CFT Action Plan
Recent money-laundering and terrorist financing scandals in Europe have raised questions as to the adequacy and effectiveness of the European Union’s current AML/CFT framework. In response, an Action Plan was published by the European Commission on 7 May 2020 outlining how it proposes to address shortcomings identified in the current regime.
GFSC’s response to COVID-19
Stricter social distancing measures were implemented in Gibraltar in mid-March as a result of the COVID-19 pandemic, and ever since, the Gibraltar Financial Services Commission (GFSC) has issued several statements and information to support firms and consumers in these challenging times.