Despite record-breaking rate of inbound tourists, local spending does not match the influx
Boosting heads in beds, does not correlate with an improvement in quality.
Heavy handed or simply compliant? Bank’s refusal to allow withdrawal under the spotlight
Tighter controls are being felt across banks' client base
Malta’s sees trade deficit of €165 million during March 2021
In March 2020, the trade deficit was registered at €190.9 million
Cryptocurrency exchange Crypto.com implements world-first AML solution
CipherTrace Traveler is the world’s first commercial Travel Rule compatible compliance solution
Bank’s refusal to allow withdrawal without evidence of reason leads to scene in Mosta branch
Impact of tightening money laundering rules being felt as woman denied access to her own cash
Malta registers second highest deficit in EU for 2020 but debt remained below 60% threshold
All EU nations registered a deficit in 2020 due to COVID-19 related expenditure and reduced economic activity
Loans subject to moratorium decline for seventh consecutive time since March 2020
Decline in value terms was observed in real estate, wholesale, retail and ICT sectors
‘It pays to be compliant’ – FIAU stresses adherence to AML/CFT rules isn’t just an expense
The Unit has witnessed businesses exceeding their mandatory investment in compliance measures
Government spending €5 million a day on pandemic, but tax hikes are ruled out
Finance Minister Clyde Caruana said that economic certainty is a key objective for growth
Coinbase valued at €71.6bn on NASDAQ debut in historic day for crypto
However, concerns are rife about its method of going public, reliance on trading and high price-to-sales ratio
MFSA reinforces commitment to long-term sustainability of financial services sector in strategy update
Organisation lays out its strategic priorities under three key areas
FIAU lays out best practices for mandatory Business Risk Assessments
The FIAU identifies a number of common shortcomings in Business Risk Assessments
‘AML legislation can never be static’ – PN Shadow Finance Minister on recent reform
In the fight against the 'scourge of the 21st century' legislation needs to be 'one step ahead'
Why do Maltese businesses fail?
New research shows the key determinants of insolvency in Malta
MFSA outlines expectations in fund management sector
A recent publication highlights best practices expected of licence holders
By end 2020, Government records deficit of €1.5bn, sees income tax revenue decline by €229m
With a jump in expenditure & a slump in revenue, COVID’s impact on national coffers is plain to see