Malta is not only popular for its strong and stable political and economic environment but also for its robust and efficient banking system. Malta hosts a number of established banks both locally based and international banks. The two major banks in Malta are Bank of Valletta plc and HSBC Bank Malta p.l.c.
Banks in Malta undertake a rigorous due diligence process in accordance with Anti Money Laundering regulations. This has been the key to the maintenance of the robust banking system in Malta. At the same time, this process may bring about ambiguity to the client. Therefore our corporate department handles the whole process on behalf of the client, whereby we do not only liaise with the respective bank of choice of the client, but also prepare and submit all the necessary documentation.
We also handle on behalf of the client other ancillary banking services including but not limited to, the opening of personal bank accounts for the client, applications for online banking, applications for debit and credit cards, payments to third parties and issuing bank drafts or cheque books.
Through our international network, Parker Russell International, we are also able to extend these services to any other jurisdiction according to the preference of the client.