Ensuring the Safety of Client Funds: Best Practices and Regulatory Insights

When licensed firms hold assets on behalf of their clients, it is crucial to implement strong mechanisms to safeguard clients’ interests. This concept is enshrined in both European and domestic legislation and is further enforced by the Malta Financial Services Authority when supervising licensed firms such as financial institutions and banks.

Mastering Credit Risk Management: Essential Strategies for Banks and Credit Institutions

In the ever-evolving financial marketplace, understanding credit risk is paramount for banks and credit institutions. Credit risk refers to the potential for a borrower to default on their loan obligations, leading to financial losses for the lender. Effective credit risk management is crucial for maintaining the stability and profitability of a bank’s lending portfolio.

Spotting Red Flags: Key Updates on AML/CFT Obligations for Basic Payment Accounts

The Financial Intelligence Analysis Unit (FIAU) in Malta has recently released updates to its Guidance Note on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) obligations in relation to payment accounts with basic features. These updates are crucial for credit and financial institutions to ensure compliance with the Credit Institutions and Financial Institutions (Payment Accounts) Regulations without compromising their ability to meet their AML/CFT obligations.

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