What is banking compliance and why is it important?

Banking compliance refers to the process and controls that banks put in place to ensure they adhere to applicable laws, regulations, and industry standards. It is crucial to manage legal risk, build trust with regulators, and maintain operational integrity.

Which regulations are applicable to banks in the UK?

In the UK, banks must comply with regulations such as the Financial Services and Markets Act, Prudential Regulation Authority (PRA) rules, Financial Conduct Authority (FCA) regulations, anti‐money laundering (AML) laws, and data protection requirements.

Do you assist with obtaining banking licences and regulatory authorisations?

Yes. ABM Global Compliance provides support throughout the process of obtaining banking licences and regulatory authorisations, including preparing documentation, liaising with regulators, and ensuring ongoing compliance.

What is involved in a banking compliance audit?

A banking compliance audit involves reviewing policies, systems, and practices to identify gaps in regulatory compliance; assessing risk exposure; and recommending corrective actions to ensure full compliance with applicable regulatory standards.

How can strategic compliance solutions help my bank?

Strategic compliance solutions help banks align their compliance frameworks with business goals, implement robust systems for risk mitigation, and stay ahead of regulatory changes to avoid fines and reputational damage.

How do you monitor changes in banking regulation?

ABM Global Compliance tracks regulatory updates from bodies such as the FCA, PRA, and other relevant international regulators and reviews internal policies accordingly; we also provide advisory services to adapt to new requirements quickly.

Is there ongoing support after compliance frameworks are set up?

Yes. We offer ongoing monitoring, periodic reviews, staff training, compliance reporting, and adjustments to your framework as regulations evolve.

How do I start working with ABM Global Compliance for banking services?

You can contact us via phone at +44 207 515 7080 or email info@abmglobalcompliance.com/mt. We begin with a discovery call to understand your needs, then propose a tailored compliance plan.

Get Banking Compliance Services | Banking Licence Experts

Designing Comprehensive Compliance Frameworks for Banks

ABM Global develops and implements robust, end-to-end compliance frameworks specifically tailored to Maltese banking institutions. Our frameworks align with the requirements of the Malta Financial Services Authority (MFSA), the European Central Bank (ECB) supervisory standards where applicable, and relevant EU legislation. We cover governance structures, operational and conduct risk management, AML/CFT controls, credit risk policies, and outsourcing compliance. Our approach includes automated monitoring and reporting tools for real-time risk assessment and ensures scalable, resilient compliance systems.

AML/CFT Program Development & Reviews

We assist banks in designing and enhancing AML/CFT programs aligned with the Prevention of Money Laundering and Funding of Terrorism Regulations, MFSA guidance, and FATF standards. Services include establishing customer due diligence (CDD) and enhanced due diligence (EDD) procedures, sanctions and politically exposed person (PEP) screening, transaction monitoring frameworks, and suspicious transaction reporting. ABM performs independent program reviews, gap analyses, and remediation planning to ensure readiness for MFSA inspections and audits.

Book a Free Consultation – Get Licensed Faster!

Regulatory Licensing & Advisory for Banks

ABM provides expert advisory for obtaining and maintaining Maltese banking licences under the MFSA’s regulatory framework. We support new licence applications, variations, and ongoing compliance submissions. For foreign bank branches and subsidiaries, we offer strategic guidance on local licensing obligations and cross-border compliance considerations, helping institutions meet evolving prudential and conduct requirements.

Outsourced Compliance Functions

To address resource constraints, ABM offers outsourced roles such as Chief Compliance Officer (CCO), Money Laundering Reporting Officer (MLRO), and Data Protection Officer (DPO). These services cover daily compliance monitoring, MFSA reporting, governance updates, and advisory support, delivering cost-effective, high-quality compliance operations.

Book a Free Consultation – Get Licensed Faster!

Banking-Specific Training and Capacity Building

We provide targeted training for compliance teams, operational staff, and senior executives on Maltese and EU regulatory requirements. Training includes AML/CFT compliance, prudential risk management, outsourcing standards, data protection, and internal controls. Our delivery methods include interactive workshops, scenario-based learning, e-learning modules, and executive briefings to foster a strong compliance culture.

Internal Audit & Regulatory Readiness Reviews

We conduct internal audits and mock regulatory inspections to assess compliance with Maltese banking laws, MFSA regulations, and applicable EU directives. Our audits focus on KYC, AML/CFT, operational risk, market conduct, and governance frameworks, delivering detailed reports and practical recommendations for regulatory readiness.

Book a Free Consultation – Get Licensed Faster!

Cross-Border & EU Banking Compliance

For Maltese banks operating internationally, ABM offers advisory services to manage multi-jurisdictional compliance obligations, including FATCA, CRS, and EU-wide AML/CFT standards. We assist with harmonisation of group compliance policies, cross-border regulatory reporting, and coordination with other EU regulators.

Ongoing Compliance Support

ABM provides ongoing advisory services including periodic compliance health checks, regulatory update briefings, and compliance dashboard reporting to keep institutions ahead of regulatory developments and maintain continuous readiness.