Notice: CBAR System – Go-Live Date and Submission of the XML File

October 21, 2020

21st October 2020 Publication and Coming into Force of the Centralised Bank Account Register Regulations [L.N. 401 of 2020] The Financial Intelligence Analysis Unit (“FIAU”) is hereby informing interested parties that the Centralised Bank Account Register Regulations, 2020 (“CBAR Regulations”) were published in the Government Gazette on 20th October 2020 and have come into force […]

Submitting Reports via GoAML in line with Regulation 15(4) of the PMLFTR

October 15, 2020

15th October 2020 The Financial Intelligence Analysis Unit (FIAU) is issuing this notice to subject persons to advise them on the best practice to be adopted when submitting reports via GoAML in line with Regulation 15(4). In essence, all subject persons need to use the new goAML platform in order to submit any suspicious activity […]

Notice – CBAR System – Update

September 30, 2020

30th September 2020 The Testing Phase of the CBAR system led to the FIAU and Reporting Entities identifying a number of situations where the Reporting Entities may not be in possession of the data required to complete the XML Schema due to particular situations, such as inactive or dormant accounts.  This has led to Reporting […]

FIAU Notice in Response to the FinCEN Files

September 29, 2020

29th September 2020 The FIAU has today issued a notice in response to the FinCEN Files investigation, in which suspicious activity reports (SARs) made to the United States Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) were unlawfully disclosed and information contained therein made public. The SARs and any related media articles may contain […]

Malta Financial Services Oversight newsletter – September 2020

September 29, 2020

29th September 2020 The Malta Financial Services Oversight newsletter is issued on a monthly basis on behalf of the Government. It contains updates and overviews of the current financial scenarios and contributions by Malta’s various regulators in relation to this industry including the FIAU. Follow this link to visit the Ministry Of Finance Website

Minor Amendment to the Implementing Procedures Part I

September 28, 2020

28th September 2020 The FIAU has revised Section 4.9.2.1 of the Implementing Procedures Part I to clarify the measures that must be carried out with respect to business relationships with certain correspondent institutions. Presently, subject persons are required to undertake a specific set of enhanced due diligence (EDD) measures with respect to correspondent relationships with […]