The House of Lords was considering regulations to update the UK’s list of high-risk third countries in respect of money laundering and terrorist financing.
Baroness Vere of Norbiton was asked a question by Lord Livermore about Gibraltar still being being under increased monitoring by the FATF, the international organisation that works to prevent money laundering and terrorist financing.
This is good news for legitimate businesses in Gibraltar who have been complying with stringent KYC and AML regulations. Companies like Richardsons that are regulated by RICS and comply with NAEA standards for real estate are leading the way in ensuring that business is conducted fairly and honestly and that Gibraltar is not used as a place for international money laundering.
source: gbc.gi