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  • 28 May 2021 12:00 | Anonymous
    The Malta Financial Services Authority (“MFSA”) has become aware of an entity operating under the name of Pinegroup Limited which has an internet presence at https://pinegroupltd.com/.The MFSA wishes to alert the public, in Malta and abroad, that https://pinegroupltd.com/ is NOT a Maltese registered Company NOR licenced or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law.
    The MFSA would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator. Investors should also be extra cautious when being approached with offers of financial services via unconventional channels such as telephone calls or social media.
    A list of entities licensed by the MFSA can be viewed on the official website of the MFSA.
    If you are a victim of a scam or think you might be dealing with an unauthorised entity or any other type of financial scam, first of all stop all transactions with the company and contact the MFSA as soon as a suspicion arises.
  • 20 May 2021 09:00 | Anonymous
    The Malta Financial Services Authority (“MFSA”) has become aware of an entity operating under the name of Venotrade Investment (Europe) Ltd (“Venotrade” or “the Entity”).
    The Entity claims to “have built the world's leading platform for digital currency integration for investment and trading” and is also using a falsely drawn MFSA licence document, purporting to be a Category 3 Investment Services Licence Holder.
    The MFSA wishes to alert the public, in Malta and abroad, that this entity is NOT a Maltese registered Company NOR licensed or otherwise authorised by the MFSA to provide the service of an exchange or other financial services which are required to be licensed or otherwise authorised under Maltese law. Furthermore, information available to the MFSA suggests that Venotrade is likely to be a scheme of dubious nature with a high risk of loss of money. The public should therefore refrain from undertaking any business or transactions with the above-mentioned entity.
    The MFSA would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator. Investors should also be extra cautious when being approached with offers of financial services via unconventional channels such as telephone calls or social media.
    A list of entities licensed by the MFSA can be viewed on the official website of the MFSA.
    If you are a victim of a scam or think you might be dealing with an unauthorised entity or any other type of financial scam, first of all stop all transactions with the company and contact the MFSA at https://www.mfsa.mt/about-us/contact/ as soon as a suspicion arises.
  • 10 May 2021 09:00 | Anonymous
    The Financial Intelligence Analysis Unit (FIAU) would like to bring to the attention of subject persons and interested parties the publication in the Government Gazette of Legal Notice 199 of 2021.  This legal notice, which was issued on 30 April 2021, introduces a series of amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR). Read More


  • 20 Apr 2021 15:26 | Anonymous
    Due to the continued exceptional circumstances brought about by the COVID-19 pandemic that have created a challenging environment, an extension for the submission of the report containing Financial Account information relating to Reporting Year 2020 has been granted, to provide sufficient flexibility to such Reporting Malta Financial Institutions.
    In line with regulations 30, 41 and 45 of the Cooperation with other Jurisdictions on Tax Matters Regulations, Reporting Malta Financial Institutions must report the information specified in Section I of Annex I to the Regulations and the information specified in Article 2(2)(a) and Article 3(2) of the FATCA Agreement on U.S. Reportable Accounts by not later than 30th June 2021 in relation to Reporting Year 2020.
    Meanwhile may we also remind you that version 4 of the AEOI Implementing Guidelines has been published.
    All above information may be accessed here.
  • 20 Apr 2021 15:25 | Anonymous
    The Commissioner for Revenue notifies that the facility to upload and submit the income tax return and the supplemental document for Year of Assessment 2020 required to be filed by a principal taxpayer in respect of a fiscal unit is now available.
  • 20 Apr 2021 12:00 | Anonymous
    The Malta Financial Services Authority (“MFSA” or “the Authority”) has become aware that a number of individuals have received unsolicited calls via social media mobile applications. The caller profile of these calls or missed calls appear to be received from ’MFSA’. The calls may appear to be received from a foreign number or may not appear at all.
    It appears that the callers might be asking the consumers to provide their bank details or otherwise their bank account will be blocked. The MFSA wishes to inform the public, in Malta and abroad, that these calls do NOT originate from the Authority and it likely relates to a scheme of dubious nature with a high risk of loss of money. The MFSA hereby alerts the general public to never provide such sensitive and confidential information over social media, email or other means to unknown individuals.
    It should be noted that the Authority communicates with the public only through official channels. Similarly, banks or other government institutions do not contact consumers through such means.
    The MFSA would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator. Investors should also be extra cautious when being approached with offers of financial services via unconventional channels such as telephone calls or social media.
    For more information on scams please refer to the Scam Detection Guidelines issued by the MFSA. If you are a victim of a scam or any other type of financial scam or think you might be dealing with an unauthorised entity, first of all stop all transactions with the company and contact the Authority as soon as a suspicion arises.
  • 19 Apr 2021 12:00 | Anonymous
    The Malta Financial Services Authority (“MFSA” or “the Authority”) has become aware of an entity operating under the name of PrizeFX Investments (Europe) (“the Entity”) which has an internet presence at Prizefxonline.com. According to this website, the platform promotes the provision of trading services in various industries and the entity declares that “… We Will Do All Our Best To Meet Your Needs With Our Investment Offers Which Diversify Into All Aspect Of International Trading’’.
    The MFSA wishes to alert the public, in Malta and abroad, that https://www.Prizefxonline.com is NOT a Maltese registered Company NOR licensed or otherwise authorised by the MFSA to provide any forex trading services, VFA services or other financial services which are required to be licensed or otherwise authorised under Maltese law. Furthermore, information available to the MFSA suggests that https://www.Prizefxonline.com is likely to be a scheme of dubious nature with a high risk of loss of money. The public should therefore refrain from undertaking any business or transactions with the above-mentioned entity.
    The MFSA would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator. Investors should also be extra cautious when being approached with offers of financial services via unconventional channels such as telephone calls or social media.
    A list of entities licensed by the MFSA can be viewed on the official website of the MFSA.
    If you are a victim of a scam or think you might be dealing with an unauthorised entity or any other type of financial scam, first of all stop all transactions with the company and contact the MFSA https://www.mfsa.mt/about-us/contact/as soon as a suspicion arises.
  • 19 Apr 2021 12:00 | Anonymous
    The Malta Financial Services Authority (“MFSA” or “the Authority”) has become aware of an entity operating under the name of Foxicatrading which has an internet presence at foxicatrading.com. Livia Options is promoting the service of forex trading and claims to hold a Category 3 Investment Services Licence.
    The MFSA wishes to alert the public, in Malta and abroad, that Foxicatrading is NOT a Maltese registered Company NOR licensed or otherwise authorised by the MFSA to provide any forex trading services or other financial services which are required to be licensed or otherwise authorised under Maltese law. Furthermore, information available to the MFSA suggests that Foxicatrading is likely to be a scheme of dubious nature with a high risk of loss of money. The public should therefore refrain from undertaking any business or transactions with the above-mentioned entity.
    The MFSA would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator. Investors should also be extra cautious when being approached with offers of financial services via unconventional channels such as telephone calls or social media.
    A list of entities licensed by the MFSA can be viewed on the official website of the MFSA.
    If you are a victim of a scam or think you might be dealing with an unauthorised entity or any other type of financial scam, first of all stop all transactions with the company and contact the MFSA as soon as a suspicion arises.
  • 25 Mar 2021 16:07 | Anonymous
    We have received the below circular from the MFSA which we are circulating for all those of you who may wish to participate:
    Reference is made to the Company Service Providers (Amendment) Act (Act No. L of 2020), and the publication of Legal Notice 96 of 2021 which brought into force these amendments to the Company Service Providers Act, 2013 (CSP Act). A website page dedicated to the New CSP regime has been created in order to make an assessment on the authorisation requirements under the CSP Act.
    In the light of the above, we are pleased to inform you that the Authority is organising a series of webinars addressed to all professionals and practitioners whose activity will now fall under the scope of the new regulatory environment.
    During the webinars, MFSA officials will delve into the details of the reform and will provide all the necessary information about the new authorisation process affecting all warranted professionals and other individuals who were exempt in terms of the Company Service Providers Act as issued in 2013. Moreover, the webinars are a good opportunity to discuss further the context and the necessity of this reform as well as the general benefit for the industry, the clients and the Maltese jurisdiction.
    The two webinars will take place on 15 April 2021 at 1000hrs and 1400hrs and will be broadcast through Microsoft Teams. Both sessions will have the same content and will be organised to meet the industry’s flexibility requirements. A certificate of attendance will be issued to all attendees who have joined the webinar with their personal details. Guidelines to set up a Microsoft account to join the live event are available in the registration page.
  • 24 Mar 2021 11:10 | Anonymous
    The MFSA would like to remind financial services consumers especially retail investors to be careful when trading in highly volatile shares. When consumers invest in certain financial instruments, the price of which is highly volatile, they should keep in mind the risks associated with these type of investments and keep in mind that they can lose part or all of the money invested. It is very important that consumers understand the features of the financial instruments they would like to invest in especially the risks associated with that investment and the implications that such risks may pose.
    Consumers should invest in a financial instrument if that product meets their needs and the decision to invest or otherwise should not be based on media hype. Retail investors should always get the required information from reliable sources. Consumers should always transact with licensed entities and should always check the fees that they will incur. In particular, retail investors should consider consulting an investment advisor before investing in this type of financial products and should always assess the risk involved in particular if the investment to be undertaken involves trading on margin.
    Consumers are also encouraged to read the statement issued by the European Securities and Markets Authority (‘ESMA’) on the risks connected with trading decisions based exclusively on exchanges of views, informal recommendations and sharing of trading intentions through social networks and unregulated online platforms. This statement may be accessed here.
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