Economy and finance ministers today adopted a Council implementing decision on the approval of the recovery and resilience plan for Malta. The decision is the final step for Malta in accessing the EU’s recovery fund. Malta’s national plan feeds into the overall objective of the Recovery...
Socialist MEPs are currently in Malta for an external conference entitled ‘United For A More Social Europe’. But IRATXE GARCIA-PEREZ, president of the S&D’s Parliamentary group, argues that social justice cannot be achieved, unless we view the EU as a ‘political’ – as opposed to...
The European Union has decided to remove Seychelles from its official blacklist of tax havens, despite the archipelago being named as one of the main destinations for offshore companies in the Pandora Papers, a massive trove of leaked data exposing the secret dealings of the...
After multiple directives, several high-profile money laundering scandals, and numerous policy papers, the evidence is clear – money laundering remains an undiminished threat within the EU. The European Commission summarises the consequences as follows: criminals and terrorists have a sustained means to jeopardise public security, the...
The International Monetary Fund has praised Malta’s response to the Covid-19 pandemic but warned Malta of the negative impact of its greylisting by the Financial Action Task Force. In a statement, the government referred to the praise received but did not mention the negative comments made...
The Government will present its budget for 2021-2022 on 11th October, Prime Minister Robert Abela has confirmed. Speaking during a radio interview with the Labour Party’s ONE outlet, Dr Abela said that the Government is working hard on the budget and that it will be released...
Entities agree to share information on ultimate beneficial ownership The Malta Business Registry and the Financial Intelligence Analysis Unit have signed an agreement to share information and collaborate on investigations into the ultimate beneficial ownership of financial structures, in a bid to get Malta off an...
The Institute of Financial Services Practitioners tackles a large number of the many and varied issues facing the financial services sector through its subcommittees, led by a Council member and including members with the knowledge and experience needed to deal with the specialised areas of concern. This...
Tonio Zarb, a partner at KPMG, was elected IFSP President following the Institute’s AGM held on 28 July 2021. He takes over the position from Wayne Pisani, who has been President for the past three years. The AGM, attended by 100 members of the Institute of...
Gavin will take over from Dr Christopher P. Buttigieg and will chair the regulator’s Executive Committee The Malta Financial Services Authority (MFSA) Board of Governors announced that it has secured Joseph Gavin as its new Chief Executive Officer, effective from September 2021. Finance Magnates recently identified in...