Financial Intelligence Analysis Unit
The Financial Intelligence Analysis Unit is a government agency established under the Prevention of Money Laundering Act (Cap. 373 of the Laws of Malta). It is the entity responsible for the collection, collation, processing, analysis and dissemination of information to combat money laundering and the funding of terrorism. The Unit is also responsible for monitoring compliance with the relevant legislative provisions.
News & Events
List of Prominent Public Functions
June 14, 2021
14th June 2021 The Financial Intelligence Analysis Unit (‘FIAU’) would like to inform subject persons that in the exercise of the powers conferred by Article 12(5) of the Prevention of Money Laundering Act (Cap. 373), the Minister for Finance and Employment, acting on the advice of the National Co-ordinating Committee on Combating Money Laundering and […]
Read MoreWebinar on the Business Risk Assessment: Best Practices (RECORDING AVAILABLE)
June 2, 2021
2nd June 2021 In April 2021, the FIAU published a guidance paper entitled ‘‘The Business Risk Assessment’’, which highlights common findings derived from an analysis of a sample of Business Risk Assessments submitted by subject persons across all regulated sectors. It also includes good practices which should be adopted by subject persons. To complement this […]
Read MoreAmendments to Sections 4.3.2.4 and 4.3.2.5 of the Implementing Procedures Part I
May 20, 2021
20th May 2021 The Financial Intelligence Analysis Unit (FIAU) has today issuing a revised version of its Implementing Procedures – Part I, which version incorporates changes to Section 4.3.2.4 and Section 4.3.2.5 thereof. These sections set out the identification and verification of identity requirements that subject persons are to meet when their customer happens to […]
Read MoreLegal Notice 199 of 2021 and Amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations
May 10, 2021
10th May 2021 The Financial Intelligence Analysis Unit (FIAU) would like to bring to the attention of subject persons and interested parties the publication in the Government Gazette of Legal Notice 199 of 2021. This legal notice, which was issued on 30 April 2021, introduces a series of amendments to the Prevention of Money Laundering […]
Read MorePublication of 2020 FIAU Annual Report
May 4, 2021
The FIAU has published its Annual Report for 2020. In his welcome note Director Kenneth Farrugia said that 2020 was a particularly challenging year, given the Covid-19 pandemic and the challenges it brought with it. Yet, 2020 was hailed as a successful year. In the words of the Director: “Despite the pandemic, 2020 was a […]
Read MoreNew Publication: Enforcement Factsheet
May 4, 2021
4th May 2021 The overhaul of the FIAU’s AML/CFT Supervisory Strategy has led to a significant increase in the FIAU’s supervisory coverage, and has also resulted in more meaningful enforcement action, including heftier pecuniary sanctions and the imposition of numerous remediation directives. These initiatives, coupled with more regular and qualitative guidance, as well as increased […]
Read More
Careers
Keep an eye for new job opportunities
