The Financial Intelligence Analysis Unit is the national central agency in Malta that is responsible for the collection, collation, processing, analysis and dissemination of information to combat money laundering and the funding of terrorism.
The Implementing Procedures I and II are issued to provide guidance to subject persons in fulfilling their anti-money laundering (AML) and combating the funding of terrorism (CFT) obligations. IPs Part I are general procedures, and Part II are sector specific. These Implementing Procedures are binding on all persons carrying out relevant financial business or relevant activity from the date they are issued. They aim to ensure a consistent and effective implementation of AML/CFT measures across the financial sector in Malta
General guidance notes are issued periodically to assist subject persons in fulfilling their Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) obligations. These guidance notes cover various topics, including customer due diligence, reporting suspicious transactions, and the outsourcing of AML/CFT functions.
Sector-specific guidance to subject persons is also issued to provide tailored AML/CFT requirements for different industries. These notes cover various areas like customer due diligence, recent updates to IPs and legislation, transaction monitoring, reporting suspicious activities, and record-keeping .
