The International Monetary Fund (IMF) has advised Malta to continue addressing deficiencies identified in the framework linked to fighting anti-money laundering and combating the financing of terrorism (AML/CFT) in order to mitigate financial integrity risks in the country. In the conclusion of its Article IV consultation...
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...
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...
But the US has its own 'wish list' for Malta Malta has requested the help of the US to avoid the possibility of being put on a list of countries that are not doing enough to fight money launderers. Sources said talks with the US government were...
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...
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...
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 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...
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...
Ippreżentat pakkett aġġornat ta' għajnuna maqbul mal-imsieħba soċjali “Niżguraw li n-negozji tagħna jibqgħu b'saħħithom u nnaqqsu l-possibiltà li ħadd ma jispiċċa mingħajr impjieg" – il-Prim Ministru Robert Abela. Waqt konferenza tal-aħbarijiet fil-lukanda Excelsior, il-Prim Ministru Robert Abela ippreżenta pakkett aġġornat ta' miżuri maqbul mal-imsieħba soċjali fl-MCESD, dan...