F

Full list: The Exodus of financial services licensed firms from grey-listed Malta continues

Greylisted Malta and its disgraced regulators
Spread financial intelligence

Some 100 licensed firms, funds, and individuals have surrendered their Maltese licenses to date since the Financial Action Task Force (FATF) grey-listed the island nation in June 2021. A monthly average of 11 firms, SICAVs, and funds opted to return their license to the Malta Financial Services Authority (MFSA) and terminate their operations in Malta. Fintelegram is publishing the complete list. Last October, an EY Malta survey revealed that Malta’s attractiveness for business reached an all-time low.

The audited financial statements of MFSA for the year ending 2020 show that the Government had to fork out more than €46 million to make good for the losses suffered by the Authority for years 2019 and 2020. In 2013, the Authority employed a total of 189 employees, with 140 being in managerial positions. In 2020, this doubled to 382, with 340 holding a management position and 42 working in administration.

The Exodus List

  1. Surrender of Licence by AUM Total Return Umbrella Fund SICAV plc
  2. Surrender of Authorisation by MSD Holding Limited 
  3. Surrender of Authorisation by MSD Nominee Services Limited 
  4. Surrender of Registration by Finovative Ltd 
  5. Surrender of Licence by Nadier Trustees Limited 
  6. Surrender of Licence by Falcon NR&I Fund SICAV plc 
  7. Surrender of the Licence by HBM Malta Ltd 
  8. Surrender of Licences by WSF SICAV plc 
  9. Surrender of Licence by Nina Fund SICAV p.l.c. 
  10. Surrender of Licence by Encoded Holdings SICAV plc 
  11. Surrender of Licence by Bianco SICAV plc 
  12. Surrender of the licence by L&TD Fiduciaries Limited 
  13. Surrender of the licence by Taxea Limited 
  14. Surrender of Licence by Oceanwood Capital Management Limited 
  15. Surrender of Licence by The Nascent Fund SICAV plc 
  16. Surrender of Licence by Northern Cross SICAV plc 
  17. Surrender of Licence by Anchor Fund SICAV P.L.C. 
  18. Surrender of Licence by Northern Cross SICAV 
  19. Surrender of Licence by EMA Capital Limited 
  20. Surrender of Licence by Trumpington Street Investments SICAV plc
  21. Surrender of Licence by Tee Market Fund SICAV plc 
  22. Surrender of Licence by Future Design Fund IC SICAV p.l.c. 
  23. Surrender of Licence by FABAR Wealth Management Limited 
  24. Surrender of Licence by Tortuga Fonds SICAV plc 
  25. Surrender of Recognition Certificate for Citco Fund Services (Malta) Limited 
  26. Surrender of Licence by CTH SICAV plc 
  27. Surrender of Licences of ARIA SICAV plc 
  28. Surrender of Licence by Hollingsworth International Financial Services Limited 
  29. Surrender of Licence by Creative Investments SICAV plc 
  30. Surrender of Collective Investment Scheme Licence by JFP Investments (SICAV) plc 
  31. Surrender of Licence by Knight Marine SICAV plc 
  32. Surrender of Licence by Astrada Financial Sicav Plc 
  33. Surrender of Registration by DWP VFA Agent Ltd 
  34. Surrender of Licence by Astrada Financial Sicav Plc 
  35. Surrender of Licence by Haven Cove SICAV plc 
  36. Surrender of Licence by Blockchain Technology Value SICAV p.l.c. 
  37. Surrender of Category 2 and Category 4a Licences by Custom House Global Fund Services Limited 
  38. Surrender of Recognition Certificate by Custom House Global Fund Services Limited 
  39. Surrender of Licence by Centurion Global Fund SICAV plc 
  40. Surrender of Licence by Octet Europe Ltd (‘the Institution’) 
  41. Surrender of Registration by DF Consultancy Services Limited
  42. Surrender of Authorisation by Templar EIS Ltd  (“the Company”) 
  43. Surrender of Licence by SAF SICAV p.l.c. 
  44. Surrender of Licence by STA Corporate Services Limited 
  45. Surrender of Licence by Liongate Emerging Markets Fund Sicav Plc 
  46. Surrender of Licence by Robus Risk Services (Malta) Limited 
  47. Surrender of Licences by Woodman Funds SICAV plc 
  48. Surrender of Licence by Areti Fiduciary Services Ltd 
  49. Surrender of Authorisation by Argus Insurance Agencies Limited
  50. Surrender of Licence by Patrimonium SICAV Plc. 
  51. Surrender of Licence by WorldWide Pensions Limited 
  52. Surrender of Licence by Almagest SICAV p.l.c. 
  53. Surrender of Authorisation by Robus Risk Services (Malta) Limited
  54. Surrender of Licence by Horizon Fund SICAV P.L.C. 
  55. Surrender of Authorisation by Accelerant Insurance Limited  
  56. Surrender of Licence by Amagis Capital Services Ltd 
  57. Surrender of Licence by Mann Made Malta Ltd. 
  58. Surrender of Warrant by Jozef Charles Hendriks 
  59. Surrender of Warrant by Classic Nominee Services Limited 
  60. Surrender of Licence by Hollingsworth International Financial Services Limited
  61. Surrender of Licence by Amicorp Services Ltd 
  62. Surrender of Licence by Solon Director (Malta) Limited
  63. Surrender of Licence by Yapi Kredi Bank Malta Ltd. 
  64. Surrender of Licence by Redhedge SICAV plc 
  65. Surrender of Licence by TRW Phoenix SICAV plc 
  66. Surrender of Licence by Fair Fund Series SICAV plc 
  67. Surrender of Licence by Integrated-Capabilities (Malta) Ltd
  68. Surrender of Licence by Malta IFP SICAV plc 
  69. Surrender of Licence by CAC Fiduciary Limited 
  70. Surrender of Licence by TriAlpha Funds IC SICAV plc 
  71. Surrender of Licence by Southern Cross SICAV plc 
  72. Surrender of Licence by Living Capital Corporate Services Ltd
  73. Surrender of Licence by Integrated-Capabilities Ltd 
  74. Surrender of Licence by All Financial Services Ltd
  75. Surrender of Collective Investment Scheme Licence by RohFund Global SICAV plc 
  76. Surrender of Licence by AQA UCITS Funds SICAV p.l.c. 
  77. Surrender of the Licence by Ocorian Corporate Services (Malta) Limited 
  78. Surrender of Licence by Lecocqassociate Ltd. 
  79. Surrender of Licence by Meridon Funds SICAV plc 
  80. Surrender of Authorisation by Mr Raymond Attard 
  81. Surrender of Licence of Spinoza Capital Management Limited 
  82. Surrender of Licence by Tendall Capital Markets Ltd 
  83. Surrender of Registration by CAMA Ltd 
  84. Surrender of Investment Services Licence by LH(M) Limited 
  85. Surrender of Investment Services Licence by Cliff Drive Capital Limited
  86. Surrender of Authorisation by Gossmann & CIE Insurance PCC Limited
  87. Surrender of Licence by IURIS Trustees Limited 
  88. Surrender of licence by Unimar Total Return Bond Fund SICAV plc 
  89. Surrender of Licence by Unimar Receivables Malta Fund SICAV plc 
  90. Surrender of Warrant by Mamo, Camilleri-Preziosi & Ganado Nominee Company Limited 
  91. Surrender of Registration by BDO Fintech Advisory Limited 
  92. Surrender of Licence by Rohfund Global SICAV plc 
  93. Surrender of Licence by Mistral Pay Ltd
  94. Surrender of Licence by Spectrum Fund (SICAV) p.l.c. 
  95. Surrender of Licence by CM Capital SICAV plc 
  96. Surrender of Licence by Prestige SICAV plc 
  97. Surrender of Licence by The CEE Alternative Equity Investments Fund SICAV plc 
  98. Surrender of Authorisation by Mr Karl Magri 
CategoriesFATF

Leave a Reply

Your email address will not be published.