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Mamo TCV: A General Insight into Current #Data Trends for #Banks including #EU Data Developments and Regulatory Updates. Read our Article to learn more about this.
Data Requirements for Banks: Current Trends and Upcoming Regulatory Updates Banking & Finance

Data Requirements for Banks: Current Trends and Upcoming Regulatory Updates

With the increased importance of corporate social responsibility and the development of the manner in which banks collect, manage, store and report data, it is imperative for banks to ensure that they have the right data strategy, integrated data solutions and suitable governance and compliances practices in place. Having a proper data strategy ensures not only that all legal requirements and supervisory expectations are being adhered to, but also that license holders keep up with current market trends and continue to build customers’ trust. Although internationally (including at European Union level), data requirements and practices have been codified for banks…
Sarah Zerafa Lewis
27th March 2024
Mamo TCV: To date, Embedded Finance has neither been defined in Maltese nor EU law
FinTech Insights #6 –
Embedded Finance in Malta FinTech

FinTech Insights #6 –
Embedded Finance in Malta

The concept of embedding a financial service within a non-financial service entails the integration of licensable financial activities into non-financial digital platforms. The embedded services typically encompass payments, lending, investments, and insurance. The financial services are integrated into platforms such as social media and various productivity/lifestyle applications, which would otherwise not be considered as financial products at all. Embedded Finance (commonly abbreviated as “EmFi”) is the term associated with the notion of integrating a regulated financial service within a digital platform that is unregulated for that specific financial service. EmFi raises legal queries relating to compliance, investor protection, and financial…
Mario Mizzi
22nd March 2024
DSA Update: Maltese Implementing Law, Including New Registration Obligations, Now in Effect
DSA Update: Maltese Implementing Law, Including New Registration Obligations, Now in Effect Telecoms, Media & Technology

DSA Update: Maltese Implementing Law, Including New Registration Obligations, Now in Effect

The EU Digital Services Act (Regulation (EU) 2022/2065) (the “DSA”) has been implemented into Maltese law by virtue of the Digital Services (Designation and Enforcement) Order, Subsidiary Legislation 418.05, (the “Order”) which came into force on 12th March 2024. The Order designates the Malta Communications Authority (“MCA”) as the Digital Services Coordinator for Malta. This role, created by the DSA, tasks the MCA with ensuring that intermediary service providers established in Malta comply with their obligations under the DSA. This entails handling any complaints received by users and acting as the point of contact between service providers and users. Furthermore,…
Mamo TCV Advocates
21st March 2024
Mamo TCV Advocates delivered a three-hour presentation yesterday, in collaboration with 21 Academy, on frequently asked questions in employment law.
Mamo TCV Advocates Delivers Training with 21 Academy Employment and Industrial RelationsNews

Mamo TCV Advocates Delivers Training with 21 Academy

Mamo TCV Advocates delivered a three-hour presentation yesterday, in collaboration with 21 Academy, on frequently asked questions in employment law. Dr Warren Ciantar delved into data-protection issues; Dr Julian Fenech Adami examined immigration related matters, whilst Dr Christine Calleja dealt with general employment law and occupational health and safety queries. Next seminar will be delivered on the 24th April 2024 and will deal with recent employment law related cases.
Mamo TCV Advocates
21st March 2024
On 14th March, the MFSA published “A Guidance for Money Laundering Reporting Officers in the Financial Services Sector”, to be read in conjunction with previous guidelines issued in relation to the MLRO function.
MFSA publishes a Guidance for MLROs in the Financial Services Sector Corporate and M&ARegulatory Compliance

MFSA publishes a Guidance for MLROs in the Financial Services Sector

The Malta Financial Services Authority (the “MFSA”) has published a guidance note entitled: “A Guidance for Money Laundering Reporting Officers in the Financial Services Sector” (the “Guidance”) which considers the functions of the Money Laundering Reporting Officer (the “MLRO”). The MFSA stipulates that this Guidance is to be referred to whenever licence holders establish, implement, and sustain their Financial Crime Compliance Framework. This Guidance is intended to be applied in relation to the function of the MLRO even where the responsibilities for AML/CFT compliance management are vested with another official (to the extent applicable). Applicability of the Guidance The Guidance…
Sarah Zerafa Lewis and Zachary Galea
20th March 2024