Malta

Since this country historically developed with legal and political connections to both British and continental systems, this determines a peculiar jurisdiction, where our experience in international compliance can give us an edge in aiding our clients with finding the most efficient and functional solutions for their compliance matters. We can provide you with all kinds of compliance support from drafting compliance procedures for a starting enterprise to submitting annual compliance reports to FIAU. For additional details and more available services please refer to the section Services of this website.

REGULATOR

• Malta Financial Service Authority (MFSA) – a single authority for investments firms and funds, corporate (administrative) service providers.
• Central Bank of Malta – for credit institutions.
• European Central Bank – ECB is the head bank regulator in the EU, but it may act indirectly, through the national Central Bank.

LEGISLATION

EU banking (Basel III, CRD IV), financial (PSD2, PSR, EMR) and AML (4th AML Directive) legislation. The relevant national legislation consists of the Prevention of Money Laundering Act, the Prevention of Money Laundering and Funding of Terrorism Regulations, supplemented by the Implementing Procedures issued by the FIAU.

FIU

The Financial Intelligence Analysis Unit (FIAU) is active as a bureau for receiving suspicious (unusual) transactions reports.