Financial Institutions Must Navigate Malta’s Regulatory Compliance Landscape with Caution

In today’s complex financial landscape, uncertainty presents both risks and opportunities that must be successfully mitigated and exploited to achieve corporate objectives within a company’s risk appetite and ability to safely onboard and deliver. For financial institutions in Malta, regulatory compliance is of utmost importance, as failure to comply can result in serious consequences.

Compliance Obligations: A Matter of Serious Consequence

Compliance relates to an organization’s obligation to develop and implement internal control systems that lead it through the ever-demanding regulatory landscape, supporting business objectives. Lack of effective compliance puts the entire business at risk of:

Regulatory breach
Non-compliance
Attracting enforcement action by the Malta Financial Services Authority (MFSA)
Loss of reputation, business, or license

The Compliance Officer: A Key Role

Licensable activity holders issued by the MFSA require the appointment of a Compliance Officer. This individual must:

Design and implement an effective compliance function
Ensure there is an up-to-date assessment of risk in place
Have an effective monitoring program implemented
Identify compliance and regulatory risks inherent in the business
Establish an effective reporting system
Set up robust compliance systems and controls
Provide training to promote awareness of relevant legislation and compliance culture within the entire business

Our Regulatory Compliance Support: Your Partner for Success

While the cost of compliance may seem high, non-compliance with legal and regulatory requirements is significantly higher. At CSB Group, we support businesses in building the necessary compliance capacity to fulfill their obligations and safely achieve their strategic objectives.

Our comprehensive compliance services include:

Designing and implementing compliance monitoring programs
Drafting customized policies, manuals, and procedures
Conducting investigations into regulatory or compliance breaches
Reviewing and assessing policies according to regulatory changes
And more

For Financial Institutions in Malta Seeking Guidance on Navigating the Complex Regulatory Landscape

CSB Group is your trusted partner for success. Our team of experts can help you:

Design and implement effective compliance systems
Monitor risks
Ensure that your organization remains compliant with all relevant regulations