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CBM Media Release: Six-month moratorium on loan repayments

The Minister responsible for public health, with the concurrence of and in consultation with the Minister for Finance and Financial Services, issued the Moratorium on Credit Facilities Regulations in Exceptional Circumstances through Legal Notice 142 of 2020. Credit and financial institutions licensed by the Malta...

The right instrument at the right time

In normal times, the role of development banks is to address investment gaps, sometimes called market failures, by offering financing facilities and guarantees to support new investment in productive and viable operations where the commercial banks are unable or unwilling to accommodate on their own...

Malta: COVID-19 Fiscal Assistance: Deferral Of Payment Of Certain Taxes

On the 20th March, the Maltese Government announced a tax deferral scheme to assist local businesses to improve their business liquidity and ease pressures on their cash flow arising from the economic impact of the coronavirus pandemic. Furthermore, the measures aim to encourage the retention...

FIAU sees spike in reports about suspicious activity

Suspicious transaction reports rise from 73 in 2010 to 2,778 last year   Malta’s anti-money laundering body, the Financial Intelligence Analysis Unit (FIAU), last year saw a 65% spike in suspicious activity reports, driven in part by a rise in reports from Satabank.   In a newsletter about its...

FIAU Testing of the new STR Submission System

Testing of the new STR Submission System - goAML  (Test and Production)   Test Environment (For testing and training purposes only) https://goaml.fiumalta.org/tst In preparation of the new STR submission system, the FIAU has published the test environment for the use of the recognised Maltese reporting entities. The reporting entities...

Update from MBR: Persistence of Coronavirus on Paper surfaces

The IFSP has this morning received the following update from the Malta Business Registry.     Following the advice by the National Health Authorities based on recommendations by WHO and ECDC, MBR will start processing paper format on the first working day after 72 hours from receipt of...

The Trusts Course moves online!

The IFSP’s Foundation Certificate in Trusts Law and Management is moving online. Lectures will be delivered live through Zoom, following the already published schedule. We are making arrangements to run the examination online as well so, lockdown or no lockdown, the certificate is still within...

The Central Bank of Malta issues a new Directive

Following the advice of national health authorities for persons to remain indoors as much as possible, the Central Bank of Malta has today issued a Directive on important measures concerning cheques which will primarily enable persons to avoid visiting bank branches and other financial service...

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