Malta Firms Face Compliance Challenges in Finance Sector

Introduction

Ganado Advocates has published its contribution to the 2024 edition of Lexology Panoramic: Financial Services Compliance, offering valuable local insight into the regulatory framework governing financial products and services in Malta. The chapter provides an overview of registration and authorisation regimes, enforcement mechanisms, compliance programmes, cross-border regulation, international standards, as well as current developments and recent trends in the sector.

Challenges Faced by Financial Institutions

• Despite efforts to implement robust frameworks, many firms struggle to keep pace with changing regulations and maintain effective compliance programmes.
• The numerous challenges that financial institutions operating in Malta face when it comes to compliance with regulatory requirements are highlighted in the publication.

Key Issues Affecting the Sector

Brexit’s Impact on Cross-Border Regulation

The chapter provides expert analysis on the key issues affecting the sector, including the impact of Brexit on cross-border regulation and how it may affect financial institutions operating in Malta.

Rise of Fintech and Its Implications for Compliance

The rise of fintech and its implications for compliance are also discussed in the publication. Ganado Advocates provides practical guidance for financial institutions seeking to navigate the complex regulatory landscape in Malta.

Ongoing Efforts to Combat Money Laundering and Terrorist Financing

The ongoing efforts to combat money laundering and terrorist financing are highlighted in the chapter, providing valuable insights that can help firms mitigate risk and ensure long-term success.

Practical Guidance for Financial Institutions

By accessing Ganado Advocates’ contribution, financial institutions can gain a deeper understanding of the regulatory environment in Malta and stay ahead of the curve when it comes to compliance. The publication provides expert analysis on the key issues affecting the sector and offers practical guidance for financial institutions seeking to navigate the complex regulatory landscape.

Conclusion

The publication is a must-read for anyone operating in the finance sector in Malta, providing valuable insights that can help firms mitigate risk and ensure long-term success.