Cognisant of the sector specific risks which may be brought about by FinTech, the Malta Financial Services Authority ( MFSA ) and the Financial Intelligence Analysis Unit ( FIAU ) have decided to jointly issue a Guidance Document for Credit Institutions, Payment Institutions and accounts for FinTechs. The Guidance Document is intended to assist such Institutions to acquire a better understanding of risks of any prospective customers, active in technology reliant areas, prior to servicing them. The scope of this Consultation is to obtain industry feedback in relation to this Guidance Document, which is annexed to this paper, prior to proceeding with its adoption.
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