Category: EU

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EU to beef up scrutiny of money-laundering risks, adds Panama to list

The European Commission aims to intensify its scrutiny of states posing money-laundering risks, and is looking into creating a new body to help police financial crime and monitor banks more […]
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EC approves €215m Maltese aid scheme to support sectors hit by COVID-19 outbreak

The European Commission has approved a €215 million Maltese wage subsidies scheme to support companies operating in the sectors affected by the coronavirus outbreak, the commission said in a statement. […]
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EU Consults on Tax

The European Commission issued an inception impact assessment on its action plan to fight tax evasion and simplify taxation. The information is also available on a PDF document. This is […]
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The UK and EU agree terms for Brexit transition period

The UK and EU have agreed on a “large part” of the agreement that will lead to the “orderly withdrawal” of the UK.   Negotiators Michel Barnier and David Davis […]
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Safer Banking

It was exactly three years ago that the European Central Bank assumed joint supervisory responsibility with local regulators of large and systemically important banks in the Eurozone. Malta’s larger banks […]
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The Maltese Presidency secures another agreement to combat the financing of criminal activity in ECOFIN

The Maltese Presidency of the Council of the European Union has sealed another agreement in the Economic and Financial Affairs Council (ECOFIN) on cash entering or leaving the European Union. […]
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EU sees positive future for Malta’s economy

Growth is expected to remain well above the EU average   Malta’s economic growth has settled down from the exceptional levels of 2014 and 2015 but is forecast to remain […]
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Malta supports the EU VAT Action Plan

While delivering a speech at the Malta Institute of Management’s ‘VAT and EU Conference’, Minister for Finance, Prof. Edward Scicluna stated that the VAT system can be improved on account […]
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Brexit court defeat for UK government

Parliament must vote on whether the UK can start the process of leaving the EU, the High Court has ruled. This means the government cannot trigger Article 50 of the […]
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