FATF publishes a report on Money Laundering from Fentanyl and Synthetic Opioids

December 7, 2022

7th December 2022 The FIAU would like to inform subject persons that the FATF has issued a guidance document which gives an overview of the way proceeds generated from synthetic opioids trafficking can be laundered. It highlights how the methods used to launder any such proceeds can vary from one country to another as organised […]

EBA Guidelines on the use of Remote Customer Onboarding Solutions

December 6, 2022

6th December 2022 The Financial Intelligence Analysis Unit (FIAU) would like to inform subject persons that the EBA has issued guidelines on the application of AML/CFT rules in the context of remote customer onboarding. The guidelines were published following a public consultation which took place between the 10th of December 2021 and the 10th of […]

Notice – CBAR System – Validation Rule L3.044 Workaround

December 1, 2022

1st December 2022 The FIAU acknowledges that there may be justified exceptions to validation rule L3.044 for which an acceptable workaround can be found hereunder. Validation Rule L3.044 ensures that the registration number for the same registration country is unique across all Non-Natural Persons. Nevertheless, the FIAU understands that there are scenarios whereby the subject […]

CJEU Judgment – Public Access to BO Information

November 29, 2022

29th November 2022 The Financial Intelligence Analysis Unit (FIAU) wishes to draw subscribers’ attention to a notice issued today by the Malta Business Registry (MBR), explaining how access to the Register of Beneficial Owners is being changed due to a decision by the Court of Justice of the European Union. This was delivered on 22 […]

The FIAU Launches Its Strategy For The Next Four Years

November 21, 2022

21th November 2022 The Financial Intelligence Analysis Unit has launched its four-year strategy to its public and private partners and to the press. It is the first time in the Unit’s 20-year history that this has been done. The launch coincides with the FIAU’s 20th Anniversary. In his welcome address during the launch of the […]

FATF Guidance on Beneficial Ownership (Recommendation 24) – Public Consultation

November 7, 2022

7th November 2022 The Financial Intelligence Analysis Unit would like to inform subject persons that the FATF has published a draft text updating the Guidance to Recommendation 24 on the transparency and beneficial ownership of legal persons.   A White Paper for public consultation to consider the potential amendments to Recommendation 24 took place between […]