The Malta Financial Services Authority (MFSA) has published its Annual Report & Financial Statements for 2019. The report highlights the authority’s achievements and main projects undertaken throughout the year:

• The launch of the MFSA’s Vision 2021, FinTech Strategy and the development and publication of the MFSA’s 3- year strategic plan 2019 – 2021;
• The launch and implementation the Technology and Data Management transformation programme;
• Focus on consumer awareness, educational campaigns and retail investor protection through increased onsite inspections and enforcement of new rules;
• Implementation of the International Monetary Fund (IMF) and MONEYVAL reform programmes;
• Restructuring of the MFSA’s organisational and operating model to strengthen its ability to address current and future challenges;
• Development of a new risk management function and risk framework, paving the way for a risk-based approach in our supervisory programme;
• Development of a new fee policy framework so that the Authority becomes self-funded by 2024-2025. This was complemented by a detailed 5-Year Business plan and an economic impact assessment;
• The creation of a new Financial Crime Compliance Team (FCC) with the help of international experts - increased AML/CFT focused onsite examinations as agents of the FIAU.

Click here to download the report >