As a result of money laundering and terrorism financing, in the past few years, banking has gone through some drastic changes globally, and this does not exclude Malta from the equation. Although it has become challenging to open a bank account without delays when compared to even just five years ago, a bank account is still instrumental to manage finances, whether you are self-employed or own a small, medium or large enterprise.

Undeniably, the increased local and international regulations in the banking sector gives negativity when it comes to the topic of banking as the processes are very thorough as it has to be ensured that high risk transactions and customers are being avoided.

Meanwhile, such restrictions when opening bank accounts paved way to easier banking. Electronic Money Institutions, also known as EMI’s, are giving the opportunity to individuals to set up a virtual bank account – eliminating the need of visiting the bank and its long processes and procedures to present and sign the necessary documents.

Throughout the past years, we at Fairwinds Management helped a number of companies in the opening of bank accounts. This enabled us to develop close relationships with various EU and non-EU banks as well as EMIs, making the banking process for our clients an easy and efficient task. What do we offer differently? Once a first account is opened, we like to take a pro-active approach and immediately identify and secure an alternative banking solution for your peace of mind.

'Credit & Financial Institutions' Related News Articles

01
What to expect: BOV, Malta Chamber and Saxo Bank debate on the future of businesses
Bank of Valletta

by Bank of Valletta

29th September 2020

Blue Sky or Eye of the Storm? A Free webinar for Businesses by BOV, Malta Chamber and Saxo Bank
Bank of Valletta

by Bank of Valletta

14th September 2020

Internal Governance considerations for credit institutions: the EBA report on the 2019 supervisory convergence plan
Ganado Advocates

by Ganado Advocates

17th July 2020