Malta has passed the MONEYVAL test. The first enhanced follow-up report, dated April 2021, has found that Malta has made sufficient progress to be assessed as no longer non-compliant. The next step is the FATF opinion, expected at the end of June or early July. MONEYVAL...
The IFSP will be holding a briefing seminar on the National FDI Screening for its members on Friday, 26 June 2020, from 14:00 to 15:30. The session will be held online via Zoom. Mario Galea, who heads the National FDI Screening Office and Bethany Magro, also...
A number of members have had questions about some of the questions included in the MFSA’s Questionnaire of Financial Crime Compliance, now due to be submitted on 29 May after the IFSP asked for an extension on the submission deadline. The queries and requests for...
Register of Beneficial Owners and trusts Applies to all trusts from 10 March 2020 11 February 2020 The IFSP and STEP Malta have been in discussion with the MFSA about the Register of Beneficial Owners (RBO) for trusts. We urge you to keep in mind that the relevant EU...
IFSP demands that all in positions of responsibility and leadership and linked in any way to assassination, money laundering, abuse of public office, or corruption must step back in the national interest Valletta, 29 November 2019 The IFSP notes recent events unfolding in Malta with dismay and...
The Malta Financial Services Authority has issued a consultation paper on the possible future regulation of Corporate Services Providers under the title Raising the Bar for Corporate Services Providers. This is an area of crucial importance to most of the members of the IFSP. Many,...
IFSP President calls for practitioners to adhere to the highest ethical standards During the IFSP’s Annual General Meeting for 2019 held on 6 May 2019 in the MFSA’s Conference Hall, an election for IFSP Council members was held. The 16 strong Council for 2019/2020 includes Dr...
[caption id="attachment_3647" align="alignright" width="300"] Dr Wayne Pisani re-elected IFSP President for 2019/20[/caption] IFSP President calls for practitioners to adhere to the highest ethical standards During the IFSP’s Annual General Meeting for 2019 held on 6 May 2019 in the MFSA’s Conference Hall, an election for IFSP Council...
The presentations used during the Introducing AML for VFA Issuers course are available through the links below: 14 March presentations: 1.1 Introduction and background - Juanita Bencini 1.2 Customer Due Dilligence Pt1 - Mirko Rapa 1.3 Customer Due Dilligence Pt2a - Ursula Farrugia 1.4 Customer Due Dilligence Pt2b - Diane Bugeja 18 March presentations: 2.1 Customer...
The 2019 Annual General Meeting of the IFSP will be held on Monday, 6 May 2019 at 16:00 at the MFSA Conference Hall, Notabile Road, Mriehel. Members unable to attend the AGM may appoint another IFSP member as proxy, using the proxy form available though this link. Please...