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ARTICLE · 13 NOVEMBER 2024

MFSA Proposed Enhancements To The CSP Framework

Papilio Services Limited
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The Malta Financial Services Authority (MFSA) has released a consultation document proposing enhancements to the Company Service Providers (CSPs) Framework.

MaltaFinance and Banking
Thomas Jacobsen
Thomas Jacobsen
Szabolcs Toth
Szabolcs Toth

The Malta Financial Services Authority (MFSA) has released a consultation document proposing enhancements to the Company Service Providers (CSPs) Framework. The document, dated 1st November 2024, is part of the MFSA's ongoing efforts to strengthen the financial system and mitigate money laundering and terrorist financing (ML/TF) risks.

CSPs play a pivotal role in Malta's financial system. They are often the first point of contact for individuals seeking to establish a business in Malta. The proposed enhancements aim to further strengthen the regulatory framework applicable to individuals who provide directorship/company secretary services.

Introduction of a Notification Requirement

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