15th January 2024

The FIAU would like to inform subject persons of its new publication titled ‘Enforcement Factsheet: A Compilation of Regulatory Actions – 2021/2022‘

 The Enforcement Fact Sheet focuses on the most serious and material breaches identified by the FIAU between the years 2021 and 2022.  Its purpose is to provide guidance to subject persons when adhering to their AML/CFT obligations, whilst ensuring the effective mitigation of their ML/FT risks. The paper sets off with an overview of the Enforcement process, before delving into the breaches determined by the Compliance Monitoring Committee. Case studies are also included, providing subject persons with practical examples which should help in their day to day operations in combatting ML/FT.