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How did brexit Affect Gibraltar Jurisdiction?
The official representatives of the UK marked Gibraltar Day in the early November by revealing British political plans for Gibraltar.Many businessmen began to reconsider their plans regarding brexit. Stephen Barclay’s statement can put an end to all your doubts. According to the statement, **Gibraltar and the UK will not stop cooperation** in any matters and will continue the development of ...
Path: BlogOne...Two...Three...brexit! The UK Takes Gibraltar Along
Many business representatives that have legal entities in **Gibraltar** are concerned about the consequences of **brexit** process. Gibraltar has been a British Overseas Territory since early 1700s and the United Kingdom still makes or influences a majority of important decisions in the territory. The Prime Minister of the UK, Theresa May, has previously assured that Gibraltar’s interests ...
Path: BlogGibraltar criticizes brexit Agreement Draft
**The European Commission** released the first **post-brexit agreement draft** and Gibraltar’s government had great expectations of this withdrawal agreement due to its position towards the brexit. We have already informed you on this territory’s position, where 96 percent voted against leaving the European Union. At the same time, the United Kingdom promised its overseas territory any po...
Path: BlogPost-brexit UK markets access for Gibraltar
There were dozens of articles about further plans of both the UK and Gibraltar after the **UK announced brexit**. Lately, Gibraltar faced problems due to the EU plans on its territory and is still negotiating best terms for staying on the market. Today we brought good news for the companies that provide financial services and online gaming businesses. These companies are guaranteed will have ...
Path: BlogNegative effects for Payment Service and E-money Institutions in case of no-deal brexit
...ill negotiate an understanding on future bilateral relations. This means that investors are going to have wait almost another year until they get clear answers. The main aim here is a smooth transition which depends on the complexion of the final brexit deal. Perfect transition cannot be guaranteed, so the European Payments Council, which is responsible for upholding Single Euro Payments Area (...
Path: BlogDiversified reporting in no-deal brexit scenario
The United Kingdom (UK) left the European Union (EU) on 31 January 2020. A transition period is now in place until 31 December 2020. If UK leaves the EU without an agreement (no-deal brexit), it is important to ensure transaction reports are submitted to the correct Trade Repository (TR) and/or Approved Reporting Mechanism (ARM). At the moment there are no indications that brexit deal will be...
Path: BlogGibraltar protects its sovereignty during the brexit negotiations
**The UK transitional draft agreement with the EU** was published on March 19th. We have analyzed the current state of Gibraltar and prepared a short digest on the latest news. The UK Secretary of State for Exiting the European Union, David Davis, officially announced that **Gibraltar** is included in the transitional agreement. At the same time, up till 2020 EU, UK and Gibraltar claim to supp...
Path: BlogCayman acknowledged as a top offshore financial center
...aintain their position between other jurisdictions. This index is updated according to every change in economic or political situations. This time most popular offshore financial centers retained their positions in rating. For example, despite of brexit concerns, London stays at the top of the ranking but New York is closing in. Also, in the top ten we can see Hong Kong, San Francisco and Shenz...
Path: BlogHow political unrest affects cryptocurrency?
The political unrest and change are currently taking place in many parts of the world. A series of high-profile events continue unabated around the globe. brexit in the UK, an impeachment trial in the United States, protests in Hong Kong, India, Iraq, trade war and economic crises worldwide. We have stepped into 2020 accompanied by media headlines predicting a global economic recession. Altho...
Path: BlogWill 2020 bring the volatility back to the Forex market?
... and the market might slump into a long downtrend. Therefore, the volatility might not be that positive and may become an adversary rather than a friend. 2020 is going to bring some surprises.**Apart from the coronavirus outbreak, such events as brexit, the Olympic Games, the United States elections and more will cause waves in the forex market.** It is unknown what will be the situation with ...
Path: BlogNew requirements for Lithuania and UK EMIs
Electronic Money Institutions (EMIs) will be facing uncertainty over regulations due to post-brexit and Sixth Anti Money Laundering Directive (6 AMLD) which provides obligations that need to be transposed by European Union Member States by the December 20th, 2020. Due to the worldwide covid-19 pandemic brexit was postponed for few months, however currently brexit has been brought back and is ...
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