News Releases

As part of the controlled release of deposits, and further to the MFSA’s directive, EY as competent person will start the return of deposits to the first group of Satabank customers. This process shall start as of Monday 26 November 2018. The first customers will be selected from those which ha ...

Further to the Authority’s proposal to the European Central Bank (ECB) to withdraw the authorisation of Pilatus Bank as a credit institution, the ECB’s Governing Council has decided to withdraw the authorisation of Pilatus Bank with effect from today. The Competent Person remains in control o ...

1. Why has the MFSA frozen Satabank’s accounts? The MFSA’s key concern is to ensure the safety and security of customer deposits and ensure the stability of the Maltese financial system. The decision to instruct Satabank to stop allowing money in and out of the Bank was taken on this basis. ...

The Virtual Financial Assets Act (Chapter 590 of the Laws of Malta) (the ‘Act’) came into force today, 1 November 2018. The Act regulates the registration of whitepapers by Issuers of Virtual Financial Assets (‘VFAs’), VFA Service Providers and VFA Agents. The aim of the Act is to achieve ...

MFSA’s participation at this year’s Freshers’ Week at the University of Malta was a resounding success with hundreds of students visiting the MFSA stand and engaging with members of our Human Resources team and other colleagues from the MFSA on the various career opportunities with the Authori ...

This notice is being issued with respect to Satabank plc (“the Bank”) holding a credit institution licence in terms of the Banking Act (Chapter 371 of the Laws of Malta) hereinafter ‘the Banking Act’, with registration number C-66993 and operating from Aragon Business Centre, Level 3, Dragon ...

This notice is being issued with respect to Satabank p.l.c., (“the Bank”) holding a credit institution licence in terms of the Banking Act (Chapter 371 of the Laws of Malta) (“the Banking Act”), having registration number C66993 and operating from Aragon Business Centre, Level 3, Dragonara R ...

The MFSA has today published [i] Chapter 1 of the Virtual Financial Assets Rulebook: Virtual Financial Assets Rules for VFA Agents; [ii] a Glossary of Terms; and [iii] a Circular on the Competence Assessment of prospective VFA Agents. The publication of the rules applicable to VFA Agents follows ...

The MFSA has received significant interest on the Virtual Financial Assets Act and the underlying framework regulating activities and services in relation to virtual financial assets. MFSA Officials had the pleasure of engaging with the industry during the Delta Summit held last week and address ...

The Malta Financial Services Authority continued to strengthen its anti money laundering procedures with the publication of Guidance on Politically Exposed Persons (PEPs). This is another step in the MFSA’s efforts to enhance AML supervision and tackle international challenges posed by money laund ...