Global financial crime watchdog the Financial Action Task Force (FATF) has announced a set of new standards with the aim of making its next round of country assessments “more timely, risk-based and effective.” It has also agreed in-principle to start this next round of evaluations in...
Held on April 7 at the Xara Lodge – with some delegates also joining virtually – the IFSP 2022 Conference brought together industry practitioners to discuss the way forward for financial services in Malta. The conference, titled Revitalising Financial Services – Mapping a Sustainable Path for...
The 2022 IFSP Conference highlighted the industry’s economic contribution and encouraged unity towards a sustainable future for financial services The Institute of Financial Services Practitioners (IFSP) hosted its highly-anticipated Annual Conference on April 7, to continue its mission as ‘the voice of the financial services industry...
One of the main topics about which the Financial Intelligence Analysis Unit (FIAU) receives questions is that of the Money Laundering Reporting Officer (MLRO). In replying to these questions, the FIAU has gained insight into how certain requirements raise difficulties and it has been required...
Financial Action Task Force assessors are in Malta to meet with government officials before deciding whether to take the island off its so-called grey list of untrustworthy jurisdictions. A panel of experts from the FATF arrived in Malta to carry out an onsite assessment of the...
The Financial Intelligence Analysis Unit (FIAU) is issuing the following communication to subject persons to provide details on Company Service Providers and the thematic review of 2021 to assess their level of compliance with beneficial ownership obligations. Read More ...
The 2022 IFSP Conference will feature speakers from the political sphere, the MFSA, MBR and FIAU, and across Malta’s financial services industry. The Institute of Financial Services Practitioners (IFSP) is soon to host its 2022 annual conference, with an impressive line-up of keynote speakers. An essential annual...
As you are no doubt aware the situation in Ukraine is indeed a dire one. Over 2.5 million refugees have fled the country and this number is expected to increase significantly in the immediate future. A number of business and professional organisations, including IFSP, have embarked...
The Financial Action Task Force (FATF) has made the 'initial determination' that Malta has 'substantially' completed its action plan, and an on-site visit is expected to verify the implementation of reforms. Malta is currently on the FATF's grey list. The country was grey-listed by the FATF...
The current situation in Ukraine has once more brought to the fore the importance of ensuring that all subject persons adhere to their obligations arising from the National Interest (Enabling Powers) Act and from the Prevention of Money Laundering and Funding of Terrorism Regulations, as...