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Empowering individuals and organisations to identify, prevent and respond to fraud

Did the Budget deliver on people’s expectations, and more importantly, has it met those of the business community?

Female leaders tend to bring different leadership qualities to the table

In the ever-evolving landscape of global finance, security and compliance are paramount. The SWIFT Customer Security Programme (CSP) 2025 introduces critical updates designed to bolster the integrity, consistency, and security of financial institutions worldwide.

Within our island, the buildup towards the annual Budget Speech has historically always been one of expectation. The Minister of Finance, Hon Clyde Caruana as well as other high ranking Government officials had already announced a number of measures such as the COLA to possibly alleviate this sense of expectation.

Forvis Mazars in Malta is an audit, accountancy, advisory, tax and legal services firm whose services can be leveraged by companies wishing to outsource their accounting and reporting requirements.

Forvis Mazars’ roots in Malta go back to 1998, when Paul Giglio and Anthony Attard started a small firm known as Attard Giglio & Co.

The Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR) and the Implementing Procedures (IPs) emphasize the importance of monitoring the AML/CFT control framework on an ongoing basis, either through an independent audit function, or by engaging an independent consultant or an internal party who is independent from the operations. This article discusses how such reviews should not only focus on the fulfilment of compliance requirements, but also on identifying control failures.

In carrying out their due diligence obligations, subject persons are continuously faced with the obligation to identify and verify the ultimate beneficial owner/s of their customer.