Written by The Malta Business Registry would like to bring to the attention of subject persons and interested parties the publication of Legal Notice 199 of 2021 which was issued on 30 April 2021.
By virtue of this Legal Notice, the Malta Business Registry (MBR) is now considered as a supervisory authority in terms of Regulation 2 (1) of the Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR). This new role for the MBR is intended to strengthen our supervisory functions to maintain an accurate and transparent central register of basic and beneficial ownership information for all legal persons. Furthermore, such legal notice is strengthening MBR’s position to work closely with competent authorities, subject persons, companies, foundations and associations in defining acceptable standards undertaken by the MBR on its policies and procedures related to regulatory functions and to continue in its fight against money laundering and terrorist finance.