In view of the current COVID-19 situation and in the interest of public health, allow us to remind you that we are working remotely until further notice. Should you wish to contact us, please feel free to do so by sending us an email on info@ifsp.org.mt...
The Council and the Executive Team of the IFSP are grateful to all members, stakeholders and regulators for their fruitful cooperation throughout 2020 and we are looking forward to a better 2021, which will probably be full of opportunities and challenges that we will welcome...
IFSP announces new course for CSPs and will cover the new regulatory framework The MFSA has just published its updated CSP Rulebook implementing the brand new CSP Framework set up through the new Company Service Providers (Amendment) Act 2020, also fresh off the press. This is...
Edward Scicluna will resign as Finance Minister in the coming days, and as an MP by the end of the year, to take up a new position as Governor of the Central Bank. Meanwhile, the current Central Bank Governor Mario Vella will be appointed Special Commissioner...
FIAU Director Kenneth Farrugia sheds light on changes made at the Authority in line with international recommendations. Since 2017, the Financial Intelligence Analysis Unit (FIAU) has been in an intense process of transformation – the same year that Director Kenneth Farrugia took the helm to steer...
The Malta Business Bureau (MBB), the EU-advisory and support office of The Malta Chamber and the MHRA, and the Malta Institute of Financial Services Practitioners (IFSP) have agreed to cooperate together to be of better support for the Maltese private sector both in Malta and...
The Malta Business Registry has unveiled its strategic plan for the next five years, focusing on addressing “critical performance issues”. Unveiling the plan on Wednesday, Economy Minister Silvio Schembri said the strategy seeks to enhance efficiency, lessen bureaucratic procedure and safeguard the reputation of Malta’s jurisdiction...
The Malta Financial Services Authority (MFSA) said that both the licensed Trust and Company Service Provider (TCSP) and the banking sectors are “fully compliant with international requirements”, in as far as the maintenance and accuracy of Ultimate Beneficial Owner (UBO) information in Malta, noting that...
OECD’s Malta peer review on tax information sharing highlights problems with reporting of data as reason for downgrade. The IFSP duly notes the outcome of the Global Forum on Transparency and Exchange of Information for Tax Purposes: Malta 2020 (Second Round) Peer Review Report (‘the Report’)...
Increasing regulation leads Institute of Financial Services Practitioners to provide support to a specific niche of members and practitioners. Independent directors provide an essential and important service to companies established or resident in Malta, be they international or domestic. Good corporate governance requires the board-level oversight...