The Government says it notes, “with disappointment”, the European Parliament’s objection, today, to the entry into force of the European Commission’s decision to remove certain jurisdictions, including Gibraltar, from the EU’s list of ‘high-risk’ third-countries with strategic deficiencies as regards anti-money laundering and counter-terrorist financing (“AML/CFT”).
Late last year local beauty salon Aphrodite Beauty, having made a significant name for itself in Ocean Village, welcomed clients to its newest premises on Main Street. Another success story for Gibraltar’s expanding local business community.
Featuring on CNBC Asia’s Capital Connection business news programme, during his time in China this week, Financial Services and Gaming Minister Albert Isola discussed Gibraltar’s Finance’s aim of putting across the ‘advantages of accessing Europe through Gibraltar’ to the Greater China Business market. He touched upon Gibraltar’s status as a EU jurisdiction, allowing for access ‘to passporting through the European Union’.
The Gibraltar Chamber of Commerce has, in consultation with employment law experts recently completed a detailed and extensive review of current Gibraltar employment legislation. Many parts of the local employment legislation are outdated, according to the Chamber, and modern business practices have changed considerably since some of the original legislation was introduced many years ago, and in some cases, several decades ago.