info@ifsp.org.mt

+356 2569 6352

Top
 

Author: Lizianne Pace Frendo

Re-Opening of ICTU Front Office

Kindly note that the Commissioner for Revenue would like to notify that the front office that processes share transfer documents for income tax and duty purposes housed within the premises of the Malta Business Registry (MBR) will re-open to the public on the 1st of...

European Commission FDI Screening Guidelines

On 26th March, the European Commission issued guidelines to ensure an EU-wide approach to foreign investment screening in a time when industrial and corporate assets may be under stress.   The aim is to preserve EU companies and critical assets, notably in areas such as health, medical research, biotechnology and...

€24.7m government grant to cover MFSA shortfall

The financial regulator aims to become financially independent   A €24.7 million government grant was needed last year to keep the Malta Financial Services Authority (MFSA) in the black, according to the authority’s annual report.   The financial regulator aims to become financially independent from the government by 2024...

MFSA’s new anti-money laundering team probes 25 fresh cases

Of 105 cases opened last year, 25 related to money laundering   A new specialised team of international experts has been set up by the financial regulator to combat money laundering, handling 25 new cases last year.   In the Malta Financial Services Authority's 2019 annual report, chief executive Joseph...

FIAU Proposes Amendments To The Implementing Procedures

The Financial Intelligence Analysis Unit (FIAU) has proposed a series of amendments to Part I of the Implementing Procedures issued under the Prevention of Money Laundering and Funding of Terrorism Regulations (Subsidiary Legislation 373.01). These proposed amendments seek to make certain obligations more practicable particularly for the...

ECB Provides Temporary Relief For Capital Requirements For Market Risk

The European Central Bank (ECB) announced (click to view the content) a temporary reduction in capital requirements for market risk, by allowing banks to adjust the supervisory component of these requirements.   The measure aims to:   Maintain banks’ ability to provide market liquidity and to continue market-making activities Temporarily...

EU to beef up scrutiny of money-laundering risks, adds Panama to list

The European Commission aims to intensify its scrutiny of states posing money-laundering risks, and is looking into creating a new body to help police financial crime and monitor banks more strictly, draft documents seen by Reuters show.   One document, expected to be published on Thursday, adds...

Government predicts a 7.5% deficit for 2020, with economy shrinking by 5.4%

Finance Minister unveils the government's public finance forecasts     The government is predicting a 7.5 percent deficit for this year, but things could change overnight, Finance Minister Edward Scicluna said on Wednesday.   Sharing the government’s budgeting for the year with social partners, Scicluna said his outlook of public...

Cancel