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”).
Gibraltar’s Delta Management, Fund managers for the Temple Rock PCC Fund one of Gibraltar’s leading firms for Experienced Investor Fund (EIF) recently announced the appointment of Nigel Birrell as a Director of Delta Management Services Ltd, Temple Rock’s fund management services provider. Delta is an independent company with over 40 years of relevant experience within the real estate industry as well as collective experience within diverse sectors including structural surveying, economics, financial services, and property management via firms such as Knight Frank and CBRE.
The GSD notes that it is already a year since the Fire Brigade Audit Report was completed, with, they say, still no word from Government on the way forward for the service and the relocation of the Fire Station. This, say the GSD, is despite the GSLP’s concern when in Opposition, of the ‘urgent necessity of such a review’, ‘real concerns fire fighters had over serious deficiencies they faced’ and the priority for a ‘badly needed new fire station’.
Albert Isola, Minister for Financial Services, signed an Intergovernmental Agreement (IGA) between Gibraltar and the United Kingdom to improve international tax compliance last Thursday.
The signing took place during the Minister's attendance at the annual meeting of the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes, held this year in Jakarta, Indonesia.
Following the recommendations made by the European Commission to the Gibraltar Government this month, regarding tobacco smuggling, the Chief Minister has today extended the powers of Customs and the Royal Gibraltar Police to stop and search individuals and direct then out of new ‘Special Zones’ extending from the Frontier to the Sundial Roundabout on Winston Churchill Avenue.