55 administrative penalties issued by the MFSA for 2021

Published by
The Malta Business Weekly

A total of 55 administrative penalties were imposed by the Malta Financial Services Authority during 2021, Minister for Finance Clyde Caruana said.

In answering a parliamentary question by PN MP Jerome Caruana Cilia, the minister indicated that these were the result of several irregularities that were found during “onsite inspections”, as well as through other “offsite supervisory work” carried out by the MFSA

He added that, additionally, the authority also imposes certain actions in cases where an activity is carried out without the necessary license/authorization. 

The Malta Business Weekly

In 1994, the Malta Business Weekly became the first newspaper fully dedicated to business. Today this newspaper is a leader in business and financial news. Together with the launch of the MBW newspaper, the company started organising various business breakfasts to discuss various current issues that were targeting the business community in Malta.

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