Background The Financial Intelligence Analysis Unit (“FIAU”) wishes to inform interested parties that a series of amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations (“PMLFTR”) S.L. 373.01, were published in Government Gazette No. 20,410 on the 22nd May 2020 by means of...
We would like to inform you that the Guidelines in relation to the Tax Consolidation (Income Tax) Rules have been updated on the CfR website. Changes have been made to paragraphs (i) and (vi) of the Guidelines. The updated guidelines are available here: Updated Guidelines in relation...
Changes to the Companies Act (Register of Beneficial Owners) Regulations, 2017 (hereinafter referred to as the ‘Regulations’) will become effective following the entry into force of Legal Notice 247 of 2020. This notice is being brought to the attention of all company officers and provides...
The Minister for Economy, Investment and Small Businesses issued new regulations under the Companies Act entitled the Companies Act (Shipping and Aviation Cell Companies) Regulations. The purpose of these regulations is to create a new structure to be used by companies operating in the shipping and...
The National Foreign Direct Investment Screening Office is now fully operational. The aim of this office is to implement EC Regulation 2019/452 which will be transposed into the laws of Malta in the coming weeks. The Office, in collaboration with the Institute of Financial Services Practitioners...
The Malta Financial Services Authority (MFSA) and the Accountancy Board have entered into a Memorandum of Understanding (MoU) that establishes a framework for co-operation, mutual assistance and exchange of information between the two entities. "The MFSA looks forward to a closer collaboration with the Board which...
A recovery budget to be presented on June 8 is aimed to offer incentives to businesses in a bid to regenerate the economy after the Coronavirus pandemic, Minister for Finance Edward Scicluna said on Tuesday. Scicluna, who was speaking during a virtual meeting with social partners...
Malta must ensure €1 billion coronavirus package from EU does not affect country's competitiveness, Edward Scicluna says. Malta is “in principle” favour of the EU’s COVID-19 rescue package, but it wants to ensure it is not burdened unfairly by the measures to raise rescue funds, such...
Background The Financial Intelligence Analysis Unit (“FIAU”) wishes to inform interested parties that a series of amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations (“PMLFTR”) S.L. 373.01, were published in Government Gazette No. 20,410 on the 22nd May 2020 by means of...
Subject persons are to note that Court Orders are available on the Asset Recovery Bureau website through the following link: https://assetrecovery.mt/en/Pages/Court-Orders.aspx This section of the FIAU website is no longer being updated with the latest court orders, which were being reproduced pursuant to an informal arrangement...