The Banking and Government National Reserve ("the Reserve") is an independent statutory body established in 2001. The Law no. 126 of 11 June 2018 provides for the functions of the Reserve, which is responsible for the licensing, supervision and regulation of financial service providers including domestic banks, international banks, trust companies, insurance companies, mutual funds, corporate service providers, company managers, international business companies, and money transmitter services.
The Reserve is also the sole supervisory authority of non-financial service providers, including law firms, real estate agents, car dealers, other sellers of high value commodities and luxury goods e.g. jewelers and Non-Profit Organizations and monitors compliance with their obligations in the anti-money laundering and countering the financing of terrorism legislations.