April 9, 2021

The Business Risk Assessment

9th April 2021 The carrying out of a business risk assessment (BRA) is an obligation that came into force as from 1st January 2018 and stems from Regulation 5(1) of the Prevention of Money Laundering and Funding of Terrorism Regulations and Section 3.3 of the FIAU Implementing Procedures Part I. The FIAU has drawn up […]

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April 9, 2021

FATF & EBA: Documents for Consultation

9th April 2021 From time to time, European and international bodies active in Anti-Money Laundering and Countering the Funding of Terrorism (AML/CFT) undertake initiatives that may be of interest to subject persons and to other interested parties, including the issue of documents and/or conduct consultation processes.  Given that any such initiative may eventually influence how […]

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March 25, 2021

Monitoring Orders & Directives with reference to GoAML

12th March 2021 Article 30C of the Prevention of Money Laundering and Funding of Terrorism Act, provides that the FIAU may require subject person(s) to monitor transactions or banking operations. Whereas Article 30D allows the FIAU to issue directives in writing, whereby the Unit requires subject persons to refrain from doing any acts. As a […]

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March 22, 2021

Malta Financial Services Oversight newsletter – February 2021

22/03/2021 The Malta Financial Services Oversight newsletter is issued on a monthly basis on behalf of the Government. It contains updates and overviews of the current financial scenarios and contributions by Malta’s various regulators in relation to this industry including the FIAU. Follow this link to visit the Ministry Of Finance Website

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March 10, 2021

Proposed Amendments to the Implementing Procedures – Part I

10th March 2021 The Financial Intelligence Analysis Unit (“FIAU”) is today issuing a Consultation Document setting out proposals for a number of changes to the Implementing Procedures – Part I.  Some of these changes have already been the subject of informal consultation exercises and the FIAU is considering the feedback received so far to assess […]

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March 5, 2021

FATF Public Statements – 25 February 2021

5th March 2021 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 25 February 2021. A copy of these […]

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March 1, 2021

Risk Evaluation Questionnaire (REQs)

01st March 2021 The FIAU would like to inform subject persons that the 2021 REQs are now available on the Compliance and Supervision Platform for Assessing Risk (CASPAR) System for completion by subject persons. Subject Persons are hereby reminded that REQs can only be submitted through the CASPAR System. Moreover, the FIAU has issued sector […]

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March 1, 2021

AML/CFT Training Material

01st March 2021 The FIAU has created a bundle of documents containing training material relevant to different sectors of subject persons. These documents include guidance documents issued by the FIAU and FATF, as well as webinars delivered by the FIAU. The sectors for whom these training material factsheets were issued include lawyers, notaries, CSPs, real […]

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February 9, 2021

2021 Risk Evaluation Questionnaires

9th February 2021 REQ 2021 Submission The 2021 Risk Evaluation Questionnaires (“REQs”) will be available on the Compliance and Supervision Platform for Assessing Risk (CASPAR) System for completion by subject persons as from 1st March 2021. Notwithstanding this, a copy of the revised 2021 REQs per sector is available by clicking on the button below. […]

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