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“What does grey listing mean for the Maltese economy?”

Dr Wayne Pisani and Dr Stephen Attard from the Institute of Financial Services Practitioners speak with Lovin Malta to discuss the road ahead following FATF's decision to put Malta on the grey-list. https://www.facebook.com/LovinMalta/videos/517649082610431...

IFSP Position: Malta committed to upholding standards

The substantial progress made by Malta over the past years to address shortcomings in its anti-money laundering regime has been recognised by the Financial Action Task Force (FATF) during its June 2021 plenary meeting. It is regrettable that, despite the significant progress reported by MONEYVAL, the...

We will work hard until the last minute – Clyde Caruana

In 2019, Moneyval’s assessment of our financial regulatory framework painted a picture of a country which had a passable foundation to combat financial crime but which came up short in many important pillars in the systems in place. These areas were lacking for many years, under...

IFSP Position: Consider the progress achieved!

Malta has made substantial progress over the past years to address concerns about the effectiveness of its anti-money laundering regime, as demonstrated by the MONEYVAL follow-up report issued on 27 May 2021. Malta has now been found to be either largely compliant or fully compliant...

EU ministers baulk at banking reform

EU finance ministers on Thursday again dampened expectations on completing major banking reforms in Europe, with big divisions between Germany and Italy on how to move forward. "We must never lose hope. I don't hide from you that it's a difficult negotiation," French Finance Minister Bruno...

Regulatory fines in Malta skyrocketed in 2020

The Malta Financial Services Authority (MFSA) has significantly increased its intervention on the financial services industry. According to the regulator’s annual report, it carried out 52 enforcement actions in the 12-month period, resulting in a total of €975,462 in fines. This is a large rise compared to...

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