Month: May 2021

May 4, 2021

Publication of 2020 FIAU Annual Report

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 […]

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May 4, 2021

New Publication: Enforcement Factsheet

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 […]

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