Financial Crime World

MALTA: Compliance as a Service Provider - A Key Aspect for Businesses

In today’s highly regulated financial services industry, compliance is no longer an optional consideration but rather a crucial aspect of doing business. In Malta, where the financial sector is thriving, compliance with regulatory requirements is paramount to ensure the integrity and stability of the system.

Compliance as a Service Provider

At Chetcuti Cauchi, we understand the importance of regulatory compliance throughout all stages of a business’ lifecycle. From pre-licensing to post-licensing, our team of experienced compliance specialists provides expert guidance to ensure that clients are fully compliant with relevant regulations and legislation.

Our Regulatory Compliance Advisory Service

We offer comprehensive regulatory compliance advisory services to licensed entities in Malta. Our team has extensive knowledge of the various procedures set up by the Malta Financial Services Authority (MFSA) and is well-equipped to assist clients throughout the entire application process.

Our services include:

  • Expert advice on a range of regulatory matters, including:
    • Policy review
    • Procedure drafting
    • Best practices
    • Compliance plan implementation
  • Support for compliance officers in submitting regulatory reporting
  • Conducting compliance health checks
  • Mock visits

Compliance Officer - A Crucial Appointment

After obtaining a license, License Holders are required to establish and maintain a productive regulatory compliance function that operates independently from other services carried out by the Licence Holder. The Compliance Officer plays a vital role in bridging the gap between the Licence Holder and the regulator in matters of compliance.

The main duties of a Compliance Officer include:

  • Regularly monitoring and assessing the competence and productiveness of measures and procedures established by the Licence Holder
  • Providing advice on and assistance to relevant persons responsible for carrying out Investment Services and activities
  • Acting as a Money Laundering Reporting Officer if required

Compliance Support from Chetcuti Cauchi

At Chetcuti Cauchi, we can act as your Compliance Officer even before your entity has obtained a license. We assist clients with:

  • Policy procedure drafting
  • Counseling on matters brought up by the Authority during the licensing stage
  • Ensuring that everything is operating in a compliant manner and all requirements are being adhered to after obtaining a license

Our team of experts is well-equipped to assist businesses from various industry sectors, providing guidance on:

  • Regulatory returns
  • Project policies and procedures
  • Compliance reports to the Board of Directors
  • Investor protection matters
  • Statutory notification requirements
  • Relations with regulators