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Author: Lizianne Pace Frendo

DAC 2 / CRS / FATCA extension in reporting deadline

The Office of the Commissioner for Revenue has informed the IFSP that, due to the continued exceptional circumstances brought about by the COVID-19 pandemic that have created a challenging environment, an extension for the submission of the report containing Financial Account information relating to Reporting...

Not business as usual at FIAU

Fight against money laundering 'not a sprint but a marathon'   For years, the Financial Intelligence Analysis Unit (FIAU) was rendered toothless. It suffered from a lack of sufficient resources, a weak political direction to prevent financial crime and little interest on the part of the police...

Accountancy turned into ‘inferior’ profession

Nexia BT's alleged wrongdoings cast 'heavy shadow'   Nexia BT partners alleged financial crime has turned accountancy into an “inferior grade” profession in the eyes of many, the president of the Malta Institute of Accountants (MIA) told its members. Writing to more than 3,500 accountants in Malta, Fabio Axisa...

MFSA begins process for authorisation of Company Service Providers

From Tuesday, the Malta Financial Services Authority (MFSA) is receiving applications for authorisation in terms of the Company Services Providers (CSP) Act. This applies to individuals and entities providing corporate services such as, the provision of directorships, company secretarial services, registered offices or incorporations, who...

IFSP welcomes publication of new CSP Rulebook

The MFSA last night, 15 March 2021, published the new Company Service Providers (CSP) Rulebook, which translates the updated CSP Act into a workable regulatory framework. CSPs requiring authorisation will be able to submit their applications to the Authority through the MFSA’s LH Portal between 16...

Malta at the Crossroads

The IFSP annual conference tackles the choices Malta faces and what they mean for both the financial services industry and the country as a whole The Institute of Financial Services Practitioners held its 2021 annual conference online on 4 and 5 March. A total of 220...

Platform for Tax Good Governance – Taxpayers’ Rights Consultation Online

We have the pleasure to inform you that the Public Consultation on the Taxpayers’ Rights is now online and you will be able to find it via this link: https://ec.europa.eu/eusurvey/runner/TaxpayersRightsRecommendation We kindly ask you to give it a large distribution among your peers, member organisations and individuals,...

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