The MFSA’s Rulebook for CSPs is now firmly in place, and has brought about changes to the way CSPs operate, all in the interests of safeguarding the quality of the service Malta-based practitioners offer. The IFSP’s course is intended to provide practitioners in the CSP area...
The Malta Institute of Taxation and the Institute of Financial Services Practitioners have considered the provisions and implications of the Exemption from Tax on Property Transfers (Set-off of Tax Arrears) Rules, S.L. 123.202 (the ‘Rules’) and are of the view that the Rules are not...
The Financial Intelligence Analysis Unit (FIAU) would like to bring to the attention of subject persons operating within the Virtual Financial Asset (VFA) sector and those dealing with the same, that following the first publication in 2019, the Financial Action Task Force (FATF) has updated...
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...