MFSA and FIAU join forces and publish a consultation document on a new set of guidelines on the opening of accounts for Fintech companies

 
Inspired by the risks inherent in the Fintech market, the MFSA and the FIAU issued a Guidance Document for Credit Institutions, Payment Institutions and Electronic Money Institutions opening accounts for FinTechs. The rationale behind this Guidance Document, which is subject to consultation, aims to make these institutions aware of the risks of any prospective customers who are active in technology reliant areas.
 
This Consultation is open to the public until 30 April 2019.