The risk-based approach adopted by banks towards trusts and foundations was discussed in detail during FinanceMalta’s first webinar of 2021.
Titled ‘Banks in Malta: Dealing with Trusts and Foundations’, the event was targeted primarily at legal and compliance officers working with banks in Malta. The objective was to provide a better understanding of these structured entities, how they are regulated and accepted by banks as their customers.
The need for the webinar was brought up during the meetings of the Banking Committee, an initiative spearheaded by FinanceMalta in 2020 to address the issues experienced by financial services practitioners when liaising with banks in Malta. The Banking Committee comprises all stakeholders, including the Malta Bankers’ Association (MBA), the Malta Financial Services Authority (MFSA), the Financial Intelligence Analysis Unit (FIAU), the Institute of Financial Services Practitioners (IFSP), the Central Bank of Malta, Malta Enterprise, the M
MGA appoints Brincat as new CEO
26th January 2021
| By Daniel O Boyle
The Malta Gaming Authority (MGA) has appointed Dr Carl Brincat, previously its chief legal and enforcement officer, as its new chief executive with immediate effect, filling the void left when Heathcliff Farrugia stepped down last year.
The MGA said Brincat was selected after “a highly competitive selection process” after it launched a public call for applications on 17 December.
“It is an honour to be selected to lead the organisation at such a critical juncture for the MGA and the industry alike,” Brincat said. “I am proud of the work that has been done by the Authority so far in raising regulatory standards and committed to ensuring that we continue along this path.
Malta Gaming Authority names Carl Brincat new CEO It is an honor to be selected to lead the organization at such a critical juncture for the MGA and the industry alike, Brincat said. Malta | 01/26/2021 According to MGA officials, Brincat s appointment follows a highly competitive selection process that began with the launch of a public call for applications on December 17, 2020. Brincat is a lawyer and has previously held the role of Chief Legal & Enforcement Officer within the MGA. T
Dr. Carl Brincat as Chief Executive Officer of the MGA, with immediate effect.
According to MGA officials, Brincat s appointment follows a highly competitive selection process that began with the launch of a public call for applications on December 17, 2020, after the resignation of
Luxury cards firm accuses MFSA of ‘putting spokes in wheel’ with new inspection
Ultra-wealthy credit card firm recently fined €373,000 by the FIAU is now facing a renewed inspection by the MFSA
29 December 2020, 1:42pm
by Matthew Vella
The luxury credit card company fined €373,000 by the Financial Intelligence Analysis Unit, is holding the Maltese financial regulator MFSA responsible for any damages incurred in business losses due to renewed inspections.
After accusing the FIAU of carrying out a witch-hunt over an impending Moneyval assessment that is haunting Malta’s financial system, Insignia Cards is now accusing the MFSA of making onerous demands over the same management structure it had previously green-lighted.