It has been reported that STM has been fending off a probe led by officers from the Gibraltar police’s Money Laundering Unit who have arrested and released two employees, including chief executive Alan Kentish on suspicion of failure to disclose. Furthermore, STM has failed in its efforts to impose a news blackout on a crucial […]

The Gibraltar Financial Services Commission (GFSC) has announced a major investigation into Enterprise Insurance Company plc (Enterprise) and its board of directors. The GFSC said in a statement that “it had reason to believe that it may have been significantly and consistently misled about Enterprise’s true financial position”. The statement read: “The extent of the […]

Oct 19  2015 – After four years of campaigning, Gibraltar will now be subject to Moneyval’s anti-money laundering processes and procedures. MoneyVal was established in September 1997 by the Committee of Ministers of the Council of Europe to conduct self and mutual assessment exercises of the anti-money laundering measures in place in Council of Europe […]

THE Gibraltar government is suing a Spanish daily national over a front page story which pictured the Rock as an iceberg of dirty money. The article, which appeared in ABC newspaper, labelled Gibraltar a ‘tax haven’ and alleged it is home to ‘15 organised crime gangs’ connected to drug smuggling, money laundering and the Russian […]