Malta’s AML/CFT regulations updated with changes to FIAU fine structure

May 24, 2021
by Robert Fenech

The new rules follow court challenges to imposed penalties

Business conditions improved ‘significantly’ in April, remain weak compared to pre-pandemic levels

May 20, 2021
by Helena Grech

The Central Bank issued its Economic Update and Business Conditions Index for March and April

Local inflation remains stable at 0.1% in April, EU inflation trending upwards

May 20, 2021
by Robert Fenech

European Union inflation reaches 2%

Financial institutions are showing resilience and will be central to recovery – Survey

May 18, 2021
by Solomon Cefai

A survey by the International Finance Corporation has found that despite difficulties, financial institutions remain resilient

Heavy handed or simply compliant? Bank’s refusal to allow withdrawal under the spotlight

May 11, 2021
by Robert Fenech

Tighter controls are being felt across banks' client base

Malta’s sees trade deficit of €165 million during March 2021

May 10, 2021
by Helena Grech

In March 2020, the trade deficit was registered at €190.9 million

Cryptocurrency exchange Crypto.com implements world-first AML solution

May 7, 2021
by Robert Fenech

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

May 7, 2021
by Robert Fenech

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

April 22, 2021
by Helena Grech

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

April 22, 2021
by Helena Grech

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

April 21, 2021
by Solomon Cefai

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

April 20, 2021
by Robert Fenech

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

April 15, 2021
by Robert Fenech

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

April 14, 2021
by Solomon Cefai

Organisation lays out its strategic priorities under three key areas

FIAU lays out best practices for mandatory Business Risk Assessments

April 12, 2021
by Solomon Cefai

The FIAU identifies a number of common shortcomings in Business Risk Assessments