MFSA imposed over €570,000 in penalties last year
Financial regulator says enforcement action reflects its focus on stronger compliance across the sector.
The Malta Financial Services Authority imposed over €570,000 in penalties last year, its annual report reveals.
In a statement on Tuesday announcing the publication of its annual report, the authority said it held 1,849 supervisory interactions with authorised entities, approved 1,023 authorisations and imposed a total of €570,673 in penalties.
The MFSA said these figures underline the Authority’s "continued focus on effective supervision, regulatory discipline and stronger compliance outcomes across Malta’s financial services sector”.
Framed around the theme of “building trust, strengthening resilience and shaping what comes next,” the report provides an overview of the MFSA’s supervisory, regulatory, enforcement and organisational work during 2025.
It highlights how the Authority continued to translate its strategic direction into “tangible outcomes”, while responding to an evolving financial services landscape marked by technological change, emerging risks and increasing regulatory complexity.
MFSA Chief Executive Officer Kenneth Farrugia said the annual report reflects a year in which the MFSA continued to move “from strategy to delivery”.
“As the financial services sector continues to evolve, our focus remains firmly on building trust, strengthening resilience and shaping what comes next for Malta’s financial services industry. This requires a regulator that is forward-looking, effective and engaged, while remaining anchored in its public-interest mandate,” Farrugia said.
The report also provides insight into developments across the different areas of Malta’s financial services sector, together with the Authority’s ongoing work to address key risks, strengthen standards and support sustainable growth.