News Releases


AUGUST 05, 2022
The Authority is looking into alleged money exchange activities being undertaken by entities, especially in tourist locations, which might require prior authorisation by the MFSA. These activities vary from retail outlets that accept payments in foreign currencies to physical exchange of foreign ...
JULY 27, 2022
With reference to the news release issued on 15 June 2022, the MFSA would like to advise that its CEO, Mr Joseph Gavin, will resume his role with effect from 28 July 2022. The Authority would like to thank Chief Officer Enforcement, Dr Michelle Mizzi Buontempo, for taking up the role of Act ...
JUNE 22, 2022
Over the past few years, the MFSA has pursued a strategic vision that builds upon and supports the sustainable growth and resilience of the financial services sector in Malta. In its Annual Report and Financial Statements for 2021, issued today, the Authority said that the sector continued to per ...
JUNE 15, 2022
Independent board members play a key role in challenging strategic decisions and in providing the checks and balances which are crucial for sound decision-making, an official from the European Central Bank said today. Vesselka Paneva works within the ECB’s Banking Supervision unit and is respon ...
JUNE 15, 2022
The MFSA would like to advise that its CEO, Mr Joseph Gavin, is currently indisposed. The Board of Governors has appointed Chief Officer Enforcement, Dr Michelle Mizzi Buontempo, as Acting CEO in Mr Gavin’s absence, effective 15 June 2022. ...
MAY 24, 2022
The Malta Financial Services Authority has issued a comprehensive document aimed at guiding insurers on how to handle the mandatory assessment of a client’s demands and needs prior to the offering of any insurance contract. The assessment was made mandatory by the Insurance Distribution Directi ...
MAY 23, 2022
MFSA’s CEO Joseph Gavin talks about Malta being open to good business in the first episode of the Ganado Meets Finance podcast. Speaking to Ganado Advocates Managing Partner Dr André Zerafa, Mr Gavin breaks down the supervisory priorities of Malta's financial services regulator and his thoughts o ...
MAY 13, 2022
The integration of Anti-Money Laundering / Combatting the Financing of Terrorism (AML/CFT) into the supervisory priorities of the Malta Financial Services Authority (MFSA) has yielded positive results, its Deputy Head of Financial Crime Compliance, Matthew Scicluna, said recently. Mr Scicluna was ...
MAY 10, 2022
Compliance officers and Money Laundering Reporting Officers require specific investigative skills and an analytic approach to complement their academic qualifications, the Chief Officer Supervision of the Malta Financial Services Authority, Dr Christopher Buttigieg, explained. Dr Buttigieg also s ...
MAY 09, 2022
The Malta Financial Services Authority has published a Guidance Note outlining the principles and processes it would use when calculating an administrative penalty for breaches of regulatory requirements. Although the information in the Guidance Note is not binding on the Authority, it clearly ou ...