University of Malta signs collaboration agreement with Malta Business Registry

The Malta Business Registry (MBR) and the Department of Commercial Law of the University of Malta have signed a collaboration agreement to provide a holistic framework of cooperation.

The agreement introduces mutual assistance between the parties regarding research material and information related to the study units and dissertations organised by, or under the supervision of the department. It also aims to seek out new opportunities and strengthen workers’ skills where possible.

Alfred Vella, rector of the University of Malta remarked, “I believe that this cooperation with the Maltese Business Registry will help the Department of Commercial Law facilitate and strengthen the performance of its respective functions while ensuring the success of our students.”

Minister for the Economy, European Funds and Lands, Silvio Schembri, said that experience brought by the Financial Action Task Force (FATF) resulted in significant changes in how the MBR operates, particularly in regards to the register of beneficial owners, by ensuring that it meets due diligence and compliance standards.

“We believe that the University of Malta has a significant role to play in encouraging research in this sector. Commercial Law is the core of the work of the Maltese Business Registry in order to safeguard the interests of the Maltese jurisdiction and we have also seen that this agreement replicates what was signed last year with the Department of Accountancy which showed how beneficial it was to extend the involvement and talent of our students,” added the MBR’s chief executive Geraldine Spiteri Lucas.

The University of Malta’s Department of Accountancy signed their agreement with the MBR in June 2022.