19th July 2022 The FIAU has issued a guidance document about Reporting through goAML. This document is an update to the one published by the FIAU on 29/01/2021. This document aims to help clarify the reporting process, the types of reports which may be submitted and how to decide which is the one required. The key updates […]
15th July 2022 The FIAU has published a guidance note entitled ‘Obtaining Source of Wealth Information related to Parties other than the Customer’. The purpose of this Guidance Note is to provide guidance on the most common scenarios where a subject person would be expected to ask questions and obtain information, supplemented by documentation, on […]
14th July 2022 The FIAU recently launched its Annual Report for 2021. Our report highlights our journey through 2021, the challenges, the successes, the achievements, and the things we aspire to achieve and improve in the future. It tells our story, who we are, what we do and why we do it. Every year the […]
8th July 2022 The FIAU has published a guidance note on the Use of Cash and the Banking Sector. It aims to provide credit institutions with directions as to how they can comply with their obligations under the Prevention of Money Laundering and Funding of Terrorism Regulations, and the relevant Implementing Procedures with respect to […]
6th July 2022 FATF Update – Targeted Update on the Implementation of the FATF Standards on Virtual Assets and Virtual Asset Service Providers The Financial Intelligence Analysis Unit (FIAU) would like to inform all subject persons that the Financial Action Task Force (FATF) has issued a third report on the implementation of the FATF Recommendations […]
22nd June 2022 The FIAU would like to draw the attention of subject persons to the Guidelines published by the European Banking Authority (EBA), specifying the role and responsibilities of the anti-money laundering and counter funding of terrorism (AML/CFT) compliance officer, and of the management body of credit or financial institutions. These guidelines aim to ensure a […]
21st June 2021 The FIAU has published its Annual Report for 2021. In his welcome note Director Kenneth Farrugia said that 2021 was another challenging year. The first six months involved intensive work to continue to implement all the recommendations made by MONEYVAL. Nevertheless, during the June plenary, the FATF decided to grey list Malta […]
21st June 2022 The FIAU would like to bring to your attention the latest FATF ‘High-Risk Jurisdictions subject to a Call for Action‘ (previously known as ‘Public Statement’) and ‘Jurisdictions under Increased Monitoring‘ (previously known as ‘Improving global AML/CFT compliance: on-going process’) documents issued by the FATF on 17 June 2022. A copy of these […]
8th June 2022 On 3 June 2022 a sixth (6th) package of restrictive measures against Russia and Belarus was adopted by the Council of the European Union (EU). Apart from imposing restrictions that are of relevance to all subject persons, this package imposes or clarifies existing restrictions on the provision of trustee, accounting, auditing and […]