FIAU Factsheet on Typologies & Red Flags: Indicators of Tax-Related ML

30^th November 2021

The FIAU published a factsheet on tax-related money-laundering (ML) typologies and red flags, to provide more guidelines related to tax evasion and associated ML.

This factsheet is predominantly based on a strategic analysis conducted by the FIAU’s Intelligence Analysis section, on Suspicious Transaction Reports (STRs) having a tax offence as the indicated predicate offence. A consultation exercise was launched for feedback on the content of the factsheet with the Malta Institute of Accountants, the Malta Institute of Taxation and the Commissioner for Revenue.

Apart from the inclusion of typologies and red flags, a number of case studies have been incorporated to further assist subject persons in identifying red flags and typologies associated with tax-related ML. This factsheet is being published to increase subject persons’ knowledge and to enrich their ability to detect, question further and also report situations where they suspect that their services are, have been, or might be used to launder funds connected to serious tax evasion.     

Click on the below to access the factsheet.