Committees
Click on the links below for further information on the Audit and Risk Committee (ARCO), Resolution Committee, Enforcement Decisions Committee, AML/CFT Co-ordination Committee & Regulatory Committee.
Audit and Risk Committee (ARCO)
The Audit and Risk Committee (ARCO) is established by and reports to the Board of Governors. The purpose of the ARCO is to support the Board of Governors in meeting its oversight responsibilities of the internal governance, internal controls, financial statements, Risk Management and Internal Audit Functions of the Authority. The Committee may also have additional tasks as instructed or delegated by the Board.
Enforcement Decisions Committee
The Enforcement Decisions Committee is a new committee which is being established in order to provide a clear line of demarcation between authorisation, supervision and enforcement within the financial services industry.
AML/CFT Co-Ordination Committee
Established in 2020, this Prevention of Money Laundering and Funding of Terrorism Committee acts as a forum for alignment and coordination relating to AML investigations and processes. This Committee reports on its activity to ExCo.
In line with the recommendations made by the International Monetary Fund (IMF), a Regulatory Committee (Reg Co) has been established as a sub-committee of the ExCo.
The CMC evaluates proposed changes that are substantiated by a business case which will facilitate decision making and also tackles business transformation related issues, ensuring that any change presented is in line with the MFSA corporate vision.
