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”).
Unite the Union has reached an agreement regarding annual pay negotiations with Restsso Trading Co Ltd. All employees will receive a 2.5% increase to basic rates retrospective from the 1st of January 2014.
Financial Services Minister Albert Isola is this week attending the Bermuda Captive Insurance Conference along with a delegation from the Finance Centre Director including Director James Tipping and the senior executive insurance from Gibraltar Finance, Mike Ashton. Gibraltar's insurance regulator, Michael Oliver is also in attendance. This is the first time that Gibraltar will be represented at what is Bermuda's most important gathering of insurance companies and professionals and the visit has been coordinated with the Government of Bermuda and conference officials.
In the past few minutes, the EU Home Affairs Commissioner Cecilia Malmström has announced via her Twitter account that she is heading to the Spanish capital tomorrow to discuss a number of issues with ministers including the problems at the frontier.