A Systems Audit reports on an Innovative Technology Arrangement (ITA), acting as the basis on which the MDIA will certify ITAs, and such audit must be performed at regular intervals. A Systems Audit consists of a process involving a number of different subject matter experts and will scrutinize various aspects of an ITA, such as functionality code reviews, vulnerabilities management, security assessments, incident management, governance controls, and availability among others.

Malta has positioned itself as “The Blockchain Island” by virtue of its comprehensive regulatory framework and all-encompassing ecosystem, where the standard adopted regulates the industry without stifling innovation. Other than merely regulating the aspect of Virtual Financial Assets under the Malta Financial Services Authority (MFSA), the Maltese framework also provides for certification of the technology itself by the MDIA.

KPMG’s Systems Audits team is constituted of local and international subject matter experts approved by the MDIA, led by Juanita Brockdorff as the DLT leader in Malta, Claude Ellul as Audit Director, and Christopher Azzopardi as Head of IT in External Audit, and Matthew Scerri as Technology Specialist.

You can download KPMG's Systems Auditor certificate below. The certificate may also be viewed on the MDIA's website.