Latest News


FEBRUARY 04, 2019
The MFSA has today published its Anti-Money Laundering/Countering Financing of Terrorism (AML/CFT) supervisory strategy articulating its plans of how AML/CFT supervision will be fused within its conduct and prudential supervisory activity. The strategy is focused on enhancing the MFSA’s approach t ...
JANUARY 31, 2019
The Malta Financial Services Authority has today launched its mission and vision for the next three years. During a press conference held this afternoon, Chief Executive Officer Joseph Cuschieri unveiled MFSA’s Vision 2021, setting out the Authority’s mission and strategic vision underpinned by ...
JANUARY 23, 2019
Further to the previous communications issued by the MFSA and as part of the ongoing controlled release of funds, the MFSA have directed the competent person to contact Corporate customers of Satabank to initiate the return of funds. Customers are being contacted on a staggered basis, with all Satab ...
JANUARY 11, 2019
As part of a series of efforts aimed at enhancing the financial jurisdiction and strengthen the fight against money laundering and terrorist financing, Malta has implemented a number of regulations aimed at implementing the relevant provisions on beneficial ownership information. The regulations ...
DECEMBER 07, 2018
Citizens legally residing in Malta have the right to open a basic payment account, for personal use, in a number of Maltese banks. Banking services are today considered as essential and consumers depend upon access to modern payment services. The right to open a basic payment account seeks to elimin ...
DECEMBER 06, 2018
Further to the MFSA’s Public Notice dated 22 November 2018, and the setting up of the Hardship Fund on 23 November 2018, Satabank has contacted all personal account holders resident in Malta with deposits between €50 to €15,000. Satabank will next week start to contact all personal account hol ...
NOVEMBER 23, 2018
Following the MFSA’s announcement regarding the release of personal deposits, a hardship fund for Corporate clients of Satabank has been established. The Fund will be managed by Malta Enterprise. The Hardship Fund will provide a bridge loan to assist affected companies. The fund will effect and ...
NOVEMBER 22, 2018
As part of the controlled release of deposits, and further to the MFSA’s directive, EY as competent person will start the return of deposits to the first group of Satabank customers. This process shall start as of Monday 26 November 2018. The first customers will be selected from those which ha ...
NOVEMBER 05, 2018
Further to the Authority’s proposal to the European Central Bank (ECB) to withdraw the authorisation of Pilatus Bank as a credit institution, the ECB’s Governing Council has decided to withdraw the authorisation of Pilatus Bank with effect from today. The Competent Person remains in control o ...
NOVEMBER 02, 2018
1. Why has the MFSA frozen Satabank’s accounts? The MFSA’s key concern is to ensure the safety and security of customer deposits and ensure the stability of the Maltese financial system. The decision to instruct Satabank to stop allowing money in and out of the Bank was taken on this basis. ...