Trusts and Trustees Act (Cap. 331)

Trusts and Trustees Act (Cap. 331), article 38C

Official PDF on legislation.mt

38C. Without prejudice to any other obligations arising under any other law, a trustee may apply to the Authority for directi ons concerning the manner in which he may or should act in connecti on with any matter concerning the trust or its property when such matter relates to the fulfilment of his obligations relating to the prevention of money laundering. Any bona fide communication or disclosure made in terms of this article shall not be treated a s a breach of the duty of professional secrecy or any other restric tion, whether imposed by statute or ot herwise, upon the disclosure of information and any information disclosed in terms of this arti cle shall be used only in connection with investigations of money laundering. Payment of costs. 39. The costs and expenses of and incidental to an application to the court under this Act shall be paid out of the trust prop erty or be borne and paid in such other manner or by such other person as the court may order. Protection of persons dealing with trustees. Amended by: XIII. 2004.27.

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Text read from the consolidated PDF published by Legislation Malta. Tables, figures and marginal notes may be incomplete or out of place: the official PDF is authoritative. General information, not legal, tax or accounting advice.