pc
nid 94414
Aug 05, 2026
csoo@vixio.com
Malta
Malta Financial Services Authority
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2361 charsMalta Financial Services Authority Publishes Financial Crime Compliance Strategy 2026
On August 5, 2026, the Malta Financial Services Authority (MFSA) published its Financial Crime Compliance (FCC) Strategy 2026, establishing a forward-looking supervisory framework to strengthen Malta's approach to combating financial crime across the financial services sector. The Strategy outlines the MFSA's priorities for addressing emerging financial crime risks, enhancing supervisory effectiveness, and supporting Malta's alignment with evolving European Union anti-money laundering (AML) and counter-terrorist financing (CFT) requirements.
The FCC Strategy 2026 is built on a risk-based and outcomes-driven supervisory model, ensuring that supervisory resources are directed towards higher-risk sectors and activities while promoting effective compliance outcomes. The Strategy adopts a lifecycle approach to oversight, covering the authorisation, supervision, and enforcement stages of regulated entities. It is structured around six strategic pillars: risk-based supervision; outcomes-based supervision; lifecycle oversight of authorised entities; streamlined regulatory coordination and oversight; stronger coordination and collaboration; and enhanced industry outreach and engagement. The Strategy reflects the MFSA's commitment to embedding financial crime compliance considerations throughout the regulatory lifecycle, thereby supporting the integrity, resilience, and soundness of Malta's financial services sector. As Malta's single regulator of financial services, the MFSA has a regulatory interest in preventing authorised persons from being used to facilitate financial crime.
The Strategy prepares the MFSA and industry for significant developments at European level, including the implementation of the EU AML legislative package and the establishment of the Anti-Money Laundering Authority (AMLA). The MFSA will strengthen cooperation with domestic and international stakeholders, including competent authorities, law enforcement agencies, and industry participants, supported by enhanced information-sharing and coordination mechanisms. Kenneth Farrugia, MFSA chief executive, said the Strategy "sets out a clear and structured approach to strengthening financial crime compliance across the sector."
REFERENCES:
Malta Financial Services Authority. (2026). Financial Crime Compliance Strategy 2026. Available at: https://www.mfsa.mt/
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1838 charsMalta Financial Services Authority Publishes Financial Crime Compliance Strategy 2026
On August 5, 2026, the Malta Financial Services Authority (MFSA) published its Financial Crime Compliance (FCC) Strategy 2026, establishing a forward-looking supervisory framework to strengthen Malta's approach to combating financial crime across the financial services sector.
The FCC Strategy 2026 is structured around six strategic pillars:
Risk-based supervision: Reaffirms the authority's commitment to proportionately allocating resources to higher-risk sectors which pose the greatest financial crime-related threats to consumers and financial market stability, and continuing to publish risk-based guidance to support financial institutions.
Outcomes-based supervision: Reaffirms the authority's commitment to utilising supervisory exercises to evaluate the effectiveness of authorised entities in achieving objectives aligned with regulatory outcomes and a commitment to re-assess and measure improvements in previously identified regulatory outcomes.
Lifecycle oversight of authorised entities : Emphasises the authority's expectation on entities to maintain robust AML/CFT arrangements from the moment they are set up and throughout their entire business lifecycle.
Streamlined regulatory coordination and oversight: Outlines the authority's commitment to enhancing regulatory coordination, collaboration and alignment with other competent authorities; ensuring holistic, timely, consistent, and proportionate supervision across key areas.
Stronger coordination and collaboration : Outlines the authority's commitment to actively pursue opportunities to engage, collaborate and share expertise with both national and international regulatory bodies.
Enhanced industry outreach and engagement: Outlines the authority's commitment to intensify its outreach efforts, actively seeking new ways to engage with the industry.