Malta - Foreign Exchange ControlsMalta - Foreign Exchange
There are no foreign exchange controls that might negatively affect trade. Banks automatically grant permission for foreign exchange payments abroad on presentation of supporting documentation. Businesspersons can exchange their dollar currency and travelers checks at banks, exchange offices, and hotels. Major credit cards are generally accepted with proper identification, though it is best to confirm what forms of payment are acceptable at each place of business.
Malta’s foreign exchange rules conform to relevant EU regulations, although some controls still exist to facilitate the enforcement of mo
ney-laundering laws and tax collection.