Gibraltar: Financial Services Commission Publishes Electronic Money Institutions Thematic Review

On February 5, 2019, Gibraltar’s Financial Services Commission (FSC) published a thematic review of the electronic money sector, which analyses the effectiveness of the domestic anti-money laundering and counter-terrorist financing (AML/CTF) regulatory framework among authorised e-money institutions (EMIs).

The initiative follows a series of assessments conducted by the FSC among all licensed EMIs, which included onsite inspections, documents analysis and cooperation with international regulators.

In light of certain core AML/CFT obligations borne by EMIs, the positive findings include the following:

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