Procedures and Guidance

Implementing Procedures

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

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.

Sectorial Guidance

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 .
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