GibraltarThe Gibraltar Financial Intelligence Unit published its Annual Report and Strategic Analysis 2023, which highlights efforts to align the jurisdiction’s anti-money laundering and counterterrorist financing practices with international standards.
The Gibraltar Financial Services Commission released guidance notes on Operational Resilience, Outsourcing/Third Party Risk Management, and Liquidity Risk Management in preparation for the Gibraltar Authorization Regime.
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The Gibraltar Financial Services Commission imposed a financial penalty of £15,940 on a licensed insolvency practitioner for several anti-money laundering and counterterrorist financing shortcomings under the Proceeds of Crime Act 2015.
The Gibraltar Financial Services Commission penalized the Gibraltar-based fintech company for procedural violations relating to its change of control application.
| Technical | Effectiveness |
|---|---|
| Compliant : 23 | High : 0 |
| Largely Compliant : 16 | Substantial : 1 |
| Partially Compliant : 1 | Moderate : 7 |
| Non-Compliant : 0 | Low : 3 |
Gibraltar's technical compliance was re-rated in a Dec. 14, 2021 follow-up report
| Rank : N/A |
| Score : N/A |
| Rank : N/A |
| Score : N/A |
| Rank : 30/133 |
| Score : 69/100 |