It has been brought to our attention that as from January 2020, HSBC Audit Bank confirmation letter fees have increased. Following an enquiry by the Institute with the bank it was clarified that the service has been outsourced to a third party service provider and fees are chargeable as follows: Direct HSBC fees will be […]
The FIAU would like to remind all Subject Persons who have not yet submitted the Risk Evaluation Questionnaire (REQ), to process their submissions without undue delay and by not later than the 18th May 2020 at 17.00pm. By means of this notice, the FIAU is informing all Subject Persons that following this deadline, the REQ […]
The FIAU would like to bring the below Notice to the attention of all members:The FIAU would like to remind all Subject Persons who have not yet submitted the Risk Evaluation Questionnaire (REQ), to process their submissions without undue delay and by not later than the 18th May 2020 at 17.00pm. By means of this […]
Notice from the FIAU: The FIAU understands that subject persons are facing unprecedented challenges and operating in difficult circumstances brought about by the COVID-19 pandemic. It has now become clear that the virus is a breeding ground for criminals and criminal organizations seeking to exploit the situation. The ensuing economic crisis has likewise given […]
The Office of the Commissioner for Revenue would like to notify all MIA members that it will be adopting the guidance issued by the OECD Secretariat on the 3rd of April 2020 on tax treaty issues and the impact of the COVID-19 crisis. This guidance can be accessed here. The said Office affirms that the […]
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The Malta Business Registry is notifying all subject persons with regards to amendments to sub-Regulation 12(2) of the Companies Act Regulations, 2017. See notice in link.
The MIA is in receipt of the below Notice from the FIAU: The FIAU would like to remind all Subject Persons who have not pre-registered on the new STR submission system (goAML), to proceed in registering without undue delay and by not later than 29th April 2020. Subject Persons who have already submitted […]
On 27th April, 2020 the Malta Gaming Authority (MGA) has issued communication that it has ‘carried out a number of amendments to the Gaming Premises Directive (Directive 2 of 2019)’. These amendments relate to different aspects of the Directive for which further information may be found in the amended Directive linked.
Reference is made to the Transitory Period allowed in terms of Article 62 of the Virtual Financial Assets (VFA) Act (‘The Act’), which came to an end on 31 October 2019, wherein entities were allowed to provide VFA services. Following the expiry of the transitory period, entities operating under the transitory provisions had the below […]