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Updating AML rules

The PMLFT sub-committee is another that has been kept busy during 2018, and will continue to be deeply engaged through 2019. Again, there are a number of strands to the committee’s efforts: the Register of Beneficial Owners (RBO), the updated Implementing Procedures (both Part 1...

Banking woes

It is unfortunate to have to recognise that practitioners continue to face problems in their dealings with banks in Malta. Many are refusing to open bank accounts for corporate customers coming from abroad or taking an are inordinate length of time to process requests and provide...

A taxing year….

The IFSP’s Tax and EU Affairs sub-committee during 2018 has worked on behalf of its members on a number of fronts, namely the Mandatory Disclosure Directive, the implementation of ATAD, the taxation of digital assets, the ongoing problems with delays in the processing of tax...