21st August 2025
The FIAU carries out its AML/CFT compliance monitoring responsibility through the Supervision Section. In its strategy for the period 2023-2026, the FIAU committed to further strengthen its compliance monitoring function by ensuring that supervisory initiatives are focused not only on high risk sectors/subject persons but also on the more prominent risk aspects and trends identified from sectorial and subject persons’ risk assessments. The FIAU also aims to implement a risk-based compliance monitoring plan which is proportionate, effective and consistent.
The FIAU reviewed the Maltese national and sectorial risk assessments, as well as the risk assessments carried out by other European and other international bodies and assessed the subject persons’ risks through the CASPAR system. Based on this, a five-year compliance monitoring plan was developed, to start in July 2024. The plan aims to effectively monitor the mitigation of the identified ML/FT risks, through proportionate supervisory interventions.
The FIAU also strives to synchronise guidance and outreach initiatives with the areas to be supervised as per the plan. This is a manifest of the FIAU’s ultimate goal of enhancing the compliance culture and knowledge among subject persons, first and foremost.
For more information regarding the FIAU’s AML/CFT supervisory priorities for 2025 – 2026, refer to the document below.