In compliance with the MFSA Rules for Company Service Providers (“CSPs”), CSPs are required to submit a Certificate of Compliance and an Annual Financial Return. On the 13th April, 2015, the MFSA issued a Circular with respect to such submissions. Certificate of Compliance The Certificate of Compliance, which is essentially a statement whereby the CSP […]

Investors call on financial authority to answer for lack of due diligence and site inspections at Maltese Cross Financial Services MFSA chairman Joseph V. Bannister: ‘No supervisory system is waterproof and it is therefore unreasonable to expect supervisors to prevent all failures, particularly when we are dealing with humans whose behaviour might change during the […]

A 57-year-old British accountant who had escaped from Malta when he was sought for money laundering was remanded in custody after he pleaded not guilty to money laundering in November 2008 and earlier. James Hadwen was extradited to Malta from Cyprus last Friday. Police believe Mr Hadwen laundered money for a British man who has […]