The Malta Financial Services Authority (MFSA) has published its 2024 Annual Report, setting out an expansion in supervisory engagement and enforcement alongside initiatives aimed at strengthening consumer protection. The report also points to continued growth in Malta’s financial services sector, which accounted for 8.2% of real Gross Value Added and employed 14,745 people as of October 2024. Supervisory interactions increased by 33% year on year, and MFSA took 134 enforcement actions, issuing EUR 926,485 in penalties, alongside 49 public warnings and five consumer notices. Market-facing communications included 11 conferences and workshops, 119 circulars and 15 “Dear CEO” letters, while consumer education campaigns covered financial scams, greenwashing and bond investments. The authority delivered over 24,600 training hours through its Financial Supervisors Academy, engaged in more than 150 international forums and meetings with EU bodies and other regulators, and worked domestically with the Financial Intelligence Analysis Unit and the Central Bank of Malta on more harmonised regulatory reporting intended to reduce administrative burden, as well as financial crime prevention and systemic risk mitigation. The report notes that the Postgraduate Diploma in Financial Regulation and Compliance launched with the University of Malta is running for a second year, with applications closing on 23 July 2025.

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