Finance Bill 2022 – An overview for businesses

On 22 July 2022, the Cabinet approved the introduction of the Finance (Miscellaneous Provisions) Bill 2022 into the National Assembly. The object of the Bill is to provide for the implementation of the measures announced in the Minister of Finance’s Budget Speech 2022-2023. The Bill will be debated and voted at the National Assembly in […]

Finance Bill 2021 – Summary for Businesses

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The objective of the Finance Bill is to provide for the implementation of measures announced in the Budget Speech 2021-2022. This note summarises its key proposals, which will be debated and voted at the National Assembly in the coming weeks. It aims to provide a basic understanding of the proposed measures that are relevant to […]

Regulation of the Real Estate Sector – AML/CFT Framework

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The real estate sector is identified as being highly exposed to the risk of money laundering. Real estate agents are therefore prone to being the target of criminals for hiding illicit gains, which is why they can undoubtedly play a pivotal role in the detection of a suspicious transaction/activity. As a result, the Financial Intelligence […]

Regulatory Approach to Real Estate Agents

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Real estate is identified as a sector that is highly exposed to the risk of money laundering. The vulnerability of the real estate sector is explained by the fact that high value properties are often acquired through complex structures or third-party nominees, and/or involve the risk of value manipulation. As in other countries, the sale […]