On the 27th of March 2019 MFSA and FIAU have decided to jointly issue a guidance document which is intended to assist Credit and Financial Institutions to better understand the risk of any prospective customers active in financial technology prior to servicing them and to complement their due diligence procedures by providing guidance on which information and documentation should be requested.

The document includes also supplementary guidance for Credit Institutions, Payment Institutions and Electronic Money Institutions opening accounts for DLT Exchanges, Issuers of DLT Assets, VFA Service Providers (authorised or seeking to be authorised by MFSA), and FinTechs accepting DLT Assets as a means of payment.

To read the whole consultation document you can refer to the FIAU and MFSA websites by clicking the following links: