The Role

In line with the aim of further strengthening Malta’s Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) regime, the FIAU has been tasked with the implementation of a new cash restriction policy. The policy aims to limit the use of cash in certain sectors of the Maltese economy so as to decrease the possibility that these sectors be exploited for ML/FT purposes.

In this regard, the FIAU is seeking to recruit a Junior Compliance Officer within the Cash Restriction Section.

The candidate will be performing duties to improve the Section’s efficiency in relation to the monitoring of compliance and ensuring adherence to the Use of Cash (Restriction) Regulations as guided by the Prevention of Money Laundering Act (Cap 373 of the Laws of Malta), together with the following duties:

• Assisting in the monitoring of transactions, specifically in ensuring adherence and compliance to the Regulations;
• Participation in internal committees as may be required;
• Assisting with the enforcement of both administrative and criminal aspects of the law;
• Liaise and cooperate with various stakeholders and competent authorities including Government agencies;
• Dealing with incoming and outgoing correspondence and maintaining Information Management Systems updated;
• Carrying out onsite visits to gather the necessary information;
• Assisting in the Collection of comprehensive statistical data;
• Provide support during FIAU ad-hoc projects;
• Represent the FIAU at international meetings, workshops, and court sittings as necessary;
• Carry out any other duties as assigned by management.