18th June 2025
FIAU Launches the 2024 Annual Report – Strengthening the Fight Against Financial Crime
The Financial Intelligence Analysis Unit (FIAU) is pleased to announce the release of its 2024 Annual Report offering a comprehensive overview of the Unit’s operations, achievements, and strategic progress over the past year. The report underscores the Unit’s continued commitment to regulatory compliance, the exchange of critical intelligence with law enforcement authorities, and collaboration with both national and international partners in the ongoing fight against money laundering and terrorism financing.
The 2024 Annual Report is closely aligned with the FIAU Strategy 2023 – 2026, marking a significant milestone in its implementation. By the end of 2024, 25% of the strategic objectives had been completed, while 58% were in progress, demonstrating steady momentum and clear focus as more initiatives continue into 2025.
Key insights from the report include statistical data on reporting trends, collaborative efforts, and guidance and outreach initiatives:
- Reporting Trends: The Unit observed a continued increase in Suspicious Transaction Reports (STRs), with a 3% increase over 2023. Thus, further strengthening the effectiveness of financial intelligence gathering. The Remote Gaming Sector remains the leading reporting sector, though improvements in training and support have contributed to a rise in reporting across various sectors.
- Guidance and Outreach: The Unit published eight new guidance documents during 2024. Staff participation in outreach and training remained strong, with involvement in over 40 third-party events reaching more than 4,000 participants. Additionally, the FIAU hosted three dedicated training sessions to further support subject persons in fulfilling their AML/CFT obligations.
- Supervision & Enforcement: Over the past year, 187 supervisory interventions were conducted, and over 70 actions were taken by the FIAU to drive AML/CFT compliance through remediation or administrative measures.
- Collaboration: The FIAU strengthened partnerships with both local and international stakeholders. Through public-private partnerships, participation in global forums, and targeted training programmes, the Unit continues to foster a coordinated approach to combating financial crime.
Reflecting on the achievements highlighted in the report, FIAU Director Alfred Zammit stated: “The 2024 Annual Report is a testament to our enduring dedication to safeguarding Malta’s financial integrity. Through collaboration, intelligence-sharing, and strategic initiatives, we remain resolute in our mission to protect our jurisdiction against financial crime.”
The FIAU extends its sincere appreciation to all staff for their continued dedication and to all stakeholders who actively contribute to the advancement of Malta’s AML/CFT framework.
The 2024 Annual Report is now available for download on the FIAU’s official website. All stakeholders are encouraged to review the insights and developments presented.
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