Ganado Advocates is a leading commercial law firm with a particular focus on the corporate, financial services and maritime/aviation sectors, predominantly servicing international clients doing business through Malta. The firm also promotes other areas such as tax, pensions, intellectual property, employment and litigation.
Inspired by the risks inherent in the Fintech market, the MFSA and the FIAU issued a Guidance Document for Credit Institutions, Payment Institutions and Electronic Money Institutions opening accounts for FinTechs.
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Inspired by the risks inherent in the Fintech market, the MFSA
and the FIAU issued a Guidance Document for Credit Institutions,
Payment Institutions and Electronic Money Institutions opening
accounts for FinTechs. The rationale behind this Guidance Document,
which is subject to consultation, aims to make these institutions
aware of the risks of any prospective customers who are active in
technology reliant areas.
This Consultation is open to the public until 30 April
2019.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
MFSA And FIAU Join Forces And Publish A Consultation Document On A New Set Of Guidelines On The Opening Of Accounts For Fintech Companies
MaltaTechnology
Contributor
Ganado Advocates is a leading commercial law firm with a particular focus on the corporate, financial services and maritime/aviation sectors, predominantly servicing international clients doing business through Malta. The firm also promotes other areas such as tax, pensions, intellectual property, employment and litigation.
