Administrative Measures and Penalties


In terms of article 4(1)(c) of the Malta Financial Services Authority Act, one of the MFSA’s functions is to keep the general public informed of important developments in the sector that it regulates, and to provide the public with relevant information and guidance. Article 16(8) of the Malta Financial Services Authority Act also provides that:

Any administrative or disciplinary sanction or measure, of whatever type, including reprimands or warnings, imposed or decided by the Authority under any law for whose administration it is responsible, shall be published in such medium and in such manner and for such duration as may be deemed warranted by the circumstances and the nature and seriousness of the breach or wrongdoing.

Kindly refer to the Publication of Administrative Measures & Penalties Policy which can be accessed here.

 

  Administrative Measures & Penalties issued prior to 2020

FEBRUARY 23, 2022
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of three thousand, seven hundred and fifty Euro (€3,750) on the Company Service Provider. Business Activity: Provision of company services in terms of the Company Service Providers Act ...
FEBRUARY 23, 2022
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of five hundred Euro (€500) on the Company Service Provider. Business Activity: Provision of company services in terms of the Company Service Providers Act (Chapter 529 of the Laws of ...
FEBRUARY 23, 2022
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of two thousand Euro (€2,000) on the Company Service Provider. Business Activity: Provision of company services in terms of the Company Service Providers Act (Chapter 529 of the Laws o ...
FEBRUARY 23, 2022
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of five hundred Euro (€500) on the Company Service Provider. Business Activity: Provision of company services in terms of the Company Service Providers Act (Chapter 529 of the Laws of ...
FEBRUARY 23, 2022
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of three thousand Euro (€3,000) on the Company. Address: CSB International Limited, Level 3, Tower Business Centre, Tower Street Swatar BKR 4013 Malta Business Activity: Prov ...
FEBRUARY 23, 2022
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of four thousand and five hundred Euro (€4,500) on the Company Service Provider. Business Activity: Provision of company services in terms of the Company Service Providers Act (Chapter ...
FEBRUARY 23, 2022
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of five hundred Euro (€500) on the Company Service Provider. Business Activity: Provision of company services in terms of the Company Service Providers Act (Chapter 529 of the Laws of ...
FEBRUARY 22, 2022
The Malta Financial Services Authority (“MFSA” or “the Authority”) decided not to grant the Company a licence under the Virtual Financial Assets Act, Chapter 590 of the Laws of Malta (“the VFA Act”), and to impose a Directive on the Company. Address: Phoenix Business Centre, The Pe ...
FEBRUARY 02, 2022
The Malta Financial Services Authority (“MFSA”) decided to proceed with the cancellation of Portmann’s investment services licence in terms of Article 7(2)(b) of the Investment Services Act. Furthermore, the MFSA decided to proceed with imposing additional directives on the Company and also ...
JANUARY 17, 2022
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of five hundred Euro (€500) on the Company Service Provider. Business Activity: Provision of company services in terms of the Company Service Providers Act (Chapter 529 of the Laws of ...