Regulatory Compliance

Pilatus Bank operates in a highly-regulated environment and is subject to a wide range of international regulations, directives, and treaties including the Capital Requirements Directive IV (CRD IV), the Foreign Account Tax Compliance Act (FATCA), the Fourth Anti-Money Laundering Directive and the USA Patriot Act. Regulatory change requires banks to sharpen their strategies in terms of business scope and scale.

The Board of Directors at Pilatus Bank consider regulations as key drivers for transformation and long term sustainability; thus, we deem regulatory compliance as a priority in order to maintain Pilatus Bank’s integrity and reputation intact. The Board of Directors have designed the internal controls to ensure compliance with the applicable rules and regulations. These internal controls are coupled with a strong risk culture encouraging a positive attitude towards compliance across the Bank. Internal control functions, which include the risk management function, legal and compliance function, as well as the internal audit function, are given the appropriate and sufficient authority, stature, and access to the Board to fulfil their mission.

Pilatus Bank operates in accordance with the regulations and guidelines of the Malta Financial Services Authority (MFSA) and the European Central Bank (ECB) as well as the Bank of England, Prudential Regulatory Authority for the Bank’s operations through its London Branch.






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to regulatory compliance.