Unleashing Generative AI: Transforming Phishing Attacks
Discover how AI-powered phishing attacks are evolving and learn effective strategies to protect your organisation.
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.
MGA Raises Concerns Over Recognition of SGA B2B Licence Framework
Following the introduction of the Swedish Gambling Authority’s (SGA) B2B licence regime on 1st July 2023, the Malta Gaming Authority (MGA) has received numerous applications from entities seeking a Recognition Notice (RN) to recognise their SGA B2B licences. In contrast to SGA B2C licence holders, SGA B2B licensees have not, to date, experienced the same success in obtaining an MGA RN certificate.