Gibraltar
Second arrest in STM money laundering probe
Police in the STM Gibraltar money laundering investigation have revealed another employee of the cross-border firm has been arrested on suspicion of failure to disclose.
STM chief executive arrested in Gibraltar
The chief executive of cross border financial services provider STM Group, Alan Kentish, was arrested by the Royal Gibraltar Police in relation to a tax issue in 2015 involving an STM client company.
Gibraltar industry joining forces to tackle stiffer data regs
The regulatory burden of the EU’s General Data Protection Regulation (GDPR) has prompted Gibraltar’s regulator and insurance association to join forces to tackle the new legislation.
Claims over ‘risky’ Sipp investments up nearly 35%
The Financial Services Compensation Scheme (FSCS) forked out £105m ($135.6m, €119.1m) in 2016/17 to compensate clients who were wrongly advised to transfer their savings into “risky assets” held in self-invested personal pension schemes (Sipps).
Gibraltar insurer with five branches closes to new business
Gibraltar-headquartered Elite Insurance has stopped writing new business across all its offices “with immediate effect”.