Regulatory Alerts2019-11-06
Added · Updated
Supervision: Risks Identified, Weaknesses and Expected Controls
The Malta Financial Services Authority identifies key risks, reoccurring weaknesses, and expected controls for authorized entities in the insurance, banking, securities, and trust sectors. The document outlines specific deficiencies in anti-money laundering arrangements, corporate governance, and operational resilience, requiring firms to implement robust internal controls and compliance frameworks. Regulated entities are expected to assess these findings against their internal practices and address any misalignments to meet ongoing supervisory standards.
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