BETN1 HAS REPORTEDLY EMERGED FROM ITS REGULATORY PROCTOLOGY EXAM BY MGA WITH FLYING COLORS - Eligence
16168
post-template-default,single,single-post,postid-16168,single-format-standard,bridge-core-2.7.5,qode-page-transition-enabled,ajax_fade,page_not_loaded,,qode-title-hidden,qode-child-theme-ver-1.0.0,qode-theme-ver-26.0,qode-theme-bridge,qode_header_in_grid,wpb-js-composer js-comp-ver-6.6.0,vc_responsive

23 Apr BETN1 HAS REPORTEDLY EMERGED FROM ITS REGULATORY PROCTOLOGY EXAM BY MGA WITH FLYING COLORS

Posted at 17:14h in LICENSING by
0 Likes

The Malta Financial Services Authority (MFSA) and the Financial Intelligence Analysis Unit (FIAU) jointly issued, on the 18th June 2019, Guidelines for financial institutions opening bank accounts for FinTechs. Both Authorities, being aware of the risks connected to technological innovation and the challenges faced by subject persons in assessing actual money laundering or financing of terrorism (“ML/FT”), have designed this guidance document to assist financial institutions in acquiring a better risk understanding and management in the field of fintech.