Prevention Of Money Laundering And Funding Of Terrorism Regulations 2017

FM
Finance Malta

Contributor

Finance Malta is a non-profit public-private initiative set up to promote Malta as an international financial centre, both within, as well as outside Malta. It brings together, and harnesses, the resources of the industry and government, to ensure Malta maintains a modern and effective legal, regulatory, and fiscal framework in which the financial services sector can continue to grow and prosper. The Board of Governors, together with the founding associations: The Malta Funds Asset Servicing Association, the Malta Bankers Association, the Malta Insurance Association, the Association of Insurance Brokers, the Malta Insurance Managers Association, the Institute of Financial Services Practitioners; its members and staff are all committed to promote Malta as an innovative international.
Malta has developed into an international banking centre, and accounts for a significant share of global banking activity with more than 25 credit institutions having a presence on the island.
Malta Finance and Banking

Malta has developed into an international banking centre, and accounts for a significant share of global banking activity with more than 25 credit institutions having a presence on the island.

International and regional players have established operations in the country, offering a full set of banking services that range from retail and investment banking to trade finance and custody services, and prospects for future growth are high. Rated repeatedly as the 10th soundest banking system in the world by the World Economic Forum's Competitiveness Index 2014-2015, Malta's banking sector is thriving. The sector's continued robustness is based on conservative investment policies and a stable deposit base. The island's constantly expanding international finance sector offers plenty of growth opportunities in areas such as ship finance, investment banking, and custody services.

The consultation document can be accessed here.

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