MBR’s launch of the API packages for Subject Persons
The MBR has launched API packages to provide Subject Persons with streamlined access to corporate data. This tool is designed to assist professionals in meeting their AML and KYC obligations more efficiently.
The MBR has introduced dedicated API (Application Programming Interface) packages specifically designed for Subject Persons, such as auditors, accountants, and legal professionals. This technology allows for direct integration between the registry's database and the internal systems used by these professionals.
The goal is to facilitate more effective due diligence and Know Your Customer (KYC) processes by providing real-time access to accurate corporate data.
- Subject Persons can automate data retrieval for due diligence and compliance checks.
- Reduced risk of using outdated information when performing regulatory screenings.
- Professional firms may need to invest in technical integration to fully leverage these API tools.
Book a free 30-minute consultation. A partner will tell you whether this update affects your Malta business and what to do about it.
Book a Free Consultation