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 Malta Institute of Accountants, the Chamber of SMEs and the Ministry for Finance and Employment.