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Legal Update: Trusts Foundations and Wealth Management

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Legal Updates

Registrar of Legal Persons moving to MBR

The Identity Malta Agency and the Malta Business Registry have announced that as from the 3rd February, 2020:-(1) All new applications pertaining to registration of foundations and association as legal persons in terms of the Second Schedule of the Civil Code; and(2) The submission of information pertaining to the Register of Beneficial Owners in terms of the Civil Code (Second Schedule) (Register of Beneficial Owners - Associations) Regulations and Civil Code (Second Schedule) (Register of Beneficial Owners - Foundations) Regulations; Shall be delivered to the Malta Business Registry, AM Business Centre Triq il-Labour Zejtun, ZTN 2401, Malta.Mamo TCV AdvocatesMamo TCV…
MamoTCV Advocates
23rd January 2020
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Legal Updates

Mamo TCV Delivers seminar on Voluntary Organisations and Foundations at Society Education Event

On the invitation of Society Education, on 13th June, 2019 Mamo TCV Advocates delivered a seminar regarding recent amendments to the laws regulating voluntary organisations and foundations. On behalf of Mamo TCV Advocates, Dr Dorita Cardona and Dr Joshua Chircop delivered their three-hour presentation titled: 'Amendments to Voluntary Organisations and Foundations'.The presentation was split into two parts, with the first examining certain key amendments to the Voluntary Organisations Act, including major definitions, the rules on non-profit making, mandatory enrolment, the application to enrol, suspension and cancellation orders, money laundering, and permissible trading activities. The second part explored the amendments brought…
MamoTCV Advocates
20th June 2019
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Legal Updates

News Update: MFSA Announces Establishment of Online Trusts UBO Register

Following the transposition of the Fourth Anti-Money Laundering Directive (Directive 2015/849/EU) in Malta, the Malta Financial Services Authority (MFSA) established an ultimate beneficial owner (UBO) register for companies, trusts and other organisations.In this regard, the MFSA has announced that it has developed an online platform for the Trusts Ultimate Beneficial Ownership Register (the Register) which facilitates the electronic submission of beneficial ownership information of trusts, as well as providing online access of this information to entitled parties. Various national competent authorities, such as the Financial Intelligence Analysis Unit (FIAU), national tax authorities, the Police, the Asset Recovery Bureau, the Comptroller…
MamoTCV Advocates
16th January 2019
News_UBO.jpg
Legal Updates

News Update: MFSA Announces Establishment of Online Trusts UBO Register

Following the transposition of the Fourth Anti-Money Laundering Directive (Directive 2015/849/EU) in Malta, the Malta Financial Services Authority (MFSA) established an ultimate beneficial owner (UBO) register for companies, trusts and other organisations.In this regard, the MFSA has announced that it has developed an online platform for the Trusts Ultimate Beneficial Ownership Register (the Register) which facilitates the electronic submission of beneficial ownership information of trusts, as well as providing online access of this information to entitled parties. Various national competent authorities, such as the Financial Intelligence Analysis Unit (FIAU), national tax authorities, the Police, the Asset Recovery Bureau, the Comptroller…
MamoTCV Advocates
16th January 2019