Gibraltar: a hub for crypto entrepreneurs
Featured in our Offshore Report (April 2021)
Gibraltar has much to celebrate. Not only have all its adult citizens been vaccinated against Covid-19, but a treaty has finally come into force between Spain and the UK on tax cooperation. Post-Brexit, Gibraltar can now apply EU equivalent legislation in terms of tax transparency and the fight against money laundering.
As one of the world’s premier jurisdictions for online gaming, with 35 licensed operators, Gibraltar continues to benefit from a cluster of big brand names choosing it as a low-tax operational hub: Stan James (Unibet), William Hill, 888Casino and the first iGaming company to base itself there, BetVictor. About 15% of Gibraltar’s 34,000 workforce is employed in the gaming industry.
October 2021 News
Failure and Fault:
What NatWest’s £400m fine tells us about corporate liability for money laundering
John Binns, partner in the Financial Crime team at BCL Solicitors LLP. considers whether NatWest’s guilty plea last week to failures under the UK’s money-laundering regulations – but is it right to call this a ‘failure to prevent’ by the bank?