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Post to Post for April 9 Guineas classics

first_imgThe season’s first classics, the 1000 and 2000 Guineas for native-bred three-year-old fillies and colts, respectively, will be run over a mile at Caymanas Park on Saturday, April 9 and for the second consecutive year Post to Post Betting are title sponsors.Plans for the 42nd annual Guineas Day were outlined by representatives of the sponsors and Caymanas Track Limited (CTL) at yesterday’s launch on the front lawns of Caymanas Park. Each race offers a purse of $3.25 million.According to Mikey Bell, sports betting manager, Post to Post Betting (P2P), the company has donated $4 million towards the day’s activities, including $1 million towards the purses of each Guineas, another million to support the remaining races on the card and a further million to promote the race.CTL’s racing secretary Denzil Miller Jr., said the two races, which represent the first legs of the Triple Crown series, are eagerly anticipated by racing fans.”They provide a real test for the three-year-olds for the Jamaica Derby two months later and is part of $17 million in total purses for the Triple Crown series this year,” noted Miller.He added that both races should be keenly contested, with last Saturday’s impressive Thornbird Stakes winner, the obvious ante-post favourite for the 1000 Guineas in whichothers such as SORRENTINO’S STAR, SIMPLY THE BEST, BIRD CATCHER, BUBBLING KITTEN and CLASSY AVIATOR should carry the fight to the Gary Subratie-trained filly.In the 2000 Guineas, Miller singled out CHACE THE GREAT, winner of last Saturday’s Prince Consort Stakes, along with the runner-up ORPEHUS. But he disclosed that ante-post favourite, FUTURE KING, winner of the $4.2 million Supreme Ventures Jamaica 2-Y-O Stakes over a mile last Boxing Day, is a doubtful starter.”The Wayne DaCosta-trained colt was a late scratch from the overnight allowance race last Saturday owing to a foot injury and it will be a race against time for him to recover. But as we all know, the welfare of the horse comes first and we are hoping for the best,” added the racing secretary.REACH AND ENGAGEBell said: “From our involvement last year we noted that this calendar event attracts a mixture of horse racing and sports enthusiasts, affording P2P the opportunity to reach and engage a wider cross-section of target groups with our growing product offerings, as we continue to deliver our promises that customers always ‘Get the most with Post to Post’,” he said.”Trading as P2P Betting & Gaming Entertainment, our mainstay remains primarily wagering in horse racing. Following the 2015 rebranding exercise, our horse racing product P2P AnyHorse is the lead brand in the sponsorship. And P2P AnyBet engages customers in a variety of international sports,” he added.Also speaking was Cedric Stewart, CEO of Caymanas Track Limited, while among those present were executives of Post to Post Betting, including the CEO, Sandra Donaldson, operations manager Carl Gowdie and board chairman Amber Stewart.last_img read more

Government and Opposition react to a report yet to be published

first_img <a href=’http://revive.newsbook.com.mt/www/delivery/ck.php?n=ab2c8853&amp;cb={random}’ target=’_blank’><img src=’https://revive.newsbook.com.mt/www/delivery/avw.php?zoneid=97&amp;cb={random}&amp;n=ab2c8853&amp;ct0={clickurl_enc}’ border=’0′ alt=” /></a> SharePrint Both the Government and Opposition have reacted to news about a Mutual Evaluation Report (MER) on Malta by the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (Moneyval).However, the report has not yet been published and its contents and findings are not known.Moneyval assesses countries’ effectiveness in combating money laundering across key areas. In order to pass the evaluation, jurisdictions have to adopt compliant laws and regulations which prove that these are being adequately enforced.Malta’s last evaluation report was in March 2012.The current round of evaluations is based on the 2012 revised Financial Action Task Force (FATF) Recommendations. The round of evaluations there places much greater emphasis on the effective implementation of the FATF Recommendations by the states and territories.Moneyval held its 58th Plenary meeting in Strasbourg from the 15th to the 19th July 2019. During a closed plenary session, the final position on Malta was approved by the Council of Europe last week.According to a report which appeared in the Times of Malta, Malta’s anti-money laundering regime has failed the review. The local newspaper added that the monitoring body has given Malta just over a year to address its shortcomings in money laundering. According to sources within government agencies that have spoken with the Times of Malta, the country has failed the review by Moneyval.Malta’s financial laws and their enforcement have been under review by Moneyval since the start of 2018.In a reaction to the Times of Malta article , Partit Nazzjonalista stated that the adoption of such a report has serious consequences on Malta’s financial services sector and therefore on Malta’s economy.In a statement on Monday signed by Opposition spokesperson for Finance Mario de Marco and Opposition spokesperson for Financial Services Kristy Debono, the Opposition said that failing the review would have serious repercussions on Malta’s financial services. The PN said that now Malta has twelve months to rectify all the shortcomings identified by the Committee of Experts or risk being blacklisted.Partit Nazzjonalista said that since Partit Laburista came to power in 2013, state institutions which are meant to fight money laundering have repeatedly failed to carry out their duty. The party cited Pilatus Bank as an example. The Opposition also mentioned the government inaction against Minister Konrad Mizzi and the Prime Minister’s chief of staff Keith Schembri.Partit Nazzjonalista also noted that the government had commissioned international experts to advise on how Malta could avoid being blacklisted.The Opposition concluded by saying that “the report is another confirmation of the dismal record of the Finance Minister.” It added that Scicluna “failed to protect Malta’s financial services sector preferring instead to protect the interest of his cabinet colleagues and friends”.In its reaction, the Government said that Malta is committed to preventing, detecting and prosecuting money laundering and terrorist-financing activities. The government has said that the recommendations put forward by Moneyval in the Mutual Evaluation Report will be taken on board and implemented. However it is not yet known what the findings and recommendations actually are, since the report has not yet been published. The Ministry of Finance said that the recommendations will be added to a number of initiatives already being taken as part of Malta’s National AML/CFT strategy and the three-year action plan in this field.The Ministry for Finance claimed that information was leaked from the confidential Moneyval MER on Malta, in its reaction to the article, which was based on several sources within government agencies.The publication of the reportA spokesperson for the Council of Europe told Newsbook.com.mt that there is no date yet when the report will be published. However rules concerning publishing for the Fifth Round of Mutual Evaluations are laid out in a document published last December.“The MER shall be published within six weeks of its adoption, after having passed the quality and consistency review of the global AML/CFT network. Malta shall then provide, in view of its publication on Moneyval’s website, a translation of the Executive Summary into the country’s official language. The MER shall be translated into the relevant working languages and published soon after.”Moneyval’s report on LatviaLatvia has failed a review by Moneyval. The Baltic state has faced months of intense international pressure which led to an anti-money laundering reform which was passed last month. Latvia faced a corruption scandals and saw one of its banks shutting down after it was accused of money laundering by the US authorities.Latvia passed an anti-money laundering reform in an attempt to avoid being placed on a gray list by Moneyval. Prime Minister Krisjanis Karins had reportedly warned that if Moneyval’s recommendations were not implemented, the Baltic state would risk grey or even blacklisting; the latter, Karins had warned would mean a recession and loss of jobs.A 224-page report prepared by Moneyval had stated that large financial flows which were passing through Latvia as regional financial centre pose a significant threat. Latvia risked being included on FATF’s gray list of high-risk jurisdiction if it failed to implement the Moneyval recommendations. Latvia must report to Moneyval on the status of the overhaul to its laws by the end of 2019.One of the impacts of the report on the jurisdiction led to the international interbank system of telecommunications and payments SWIFT declaring Latvia as a high-risk country. This was connected to the Moneyval report on Latvia. The decision resulted in a slowdown of all transactions in this system. SWIFT transactions, which previously took one day, ended up in taking up to one week to be processed. According to reports, the slowdown was noticed especially in transactions between Latvian residents and their counterparts from Russia.The Financial and Capital Markets Commission (the Latvian equivalent of the Malta Financial Services Authority (MFSA)) had denied the reports regarding SWIFT including an assertion made by the country’s Finance Minister.Both Pilatus Bank in Malta and ABLV bank in Latvia were accused of money laundering by the US authorities.ABLV was allegedly involved in money transfers to the Dubai-based company 17 Black.Read more:Latvia charges central bank chief with accepting a bribeScottish firm implicated in Azeri Laundromat held an account at Pilatus Bank17 Black: Malta has all the information – GomesWhatsApplast_img read more