September 16, 2020

Notice – CBAR System – End of Pilot Testing

16th September 2020 Pilot Testing The FIAU would like to remind the reporting entities that are obliged to report to CBAR, that the pilot testing period will be closed today at end of day (16th September 2020 @ 11:59pm). We thank everyone who has taken part and contributed in this testing. Data Clean-Up Procedure and […]

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September 15, 2020

Publication of Revised Version of the Implementing Procedures – Part I

15th September 2020 One of the issues highlighted in Malta’s Mutual Evaluation Report revolved around the timeframe for subject persons to submit Suspicious Transaction Reports (“STRs”) to the Financial Intelligence Analysis Unit (“FIAU”) as it was deemed that the said timeframe did not provide for the prompt submission of such reports.  To address this issue, […]

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September 2, 2020

Notice – CBAR System – Updated Project Timeline

2nd September 2020 The FIAU would like to inform the subject persons who are obliged to report to CBAR, that the pilot testing period has been extended further from the 2nd September 2020 to the 16th of September 2020. It is important to remember that during the pilot testing, the FIAU is expecting anonymized data […]

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August 27, 2020

Consultation on the Application of the FATF Recommendation 16 to the Virtual Financial Assets Sector

27th August 2020 The Financial Intelligence Analysis Unit (“FIAU”) has today issued a Consultation Document setting out a proposal for subsidiary legislation providing for the application of FATF Recommendation 16, more commonly referred to as the ‘Travel Rule’, to transfers of virtual financial assets. While usually applicable within the more traditional sphere of transfer of […]

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August 26, 2020

Publication of Interpretative Note: Relevant Activity for Lawyers

26th August 2020 In terms of the Prevention of Money Laundering and Funding of Terrorism Regulations (S.L. 373.01) (‘PMLFTR’), lawyers (including law firms) are deemed to be subject persons with AML/CFT obligations when they carry out ‘relevant activity’. This term is defined under Regulation 2(1) of the PMLFTR, however not all the services provided by […]

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August 21, 2020

Notice – CBAR System – Updated Project Timeline

21st August 2020 The FIAU would like to inform the subject persons who are obliged to report to CBAR, that the pilot testing period has been extended from the 21st August 2020 to the 2nd of September 2020. On the 3rd and 4th of September 2020, access to the system will be disabled until the […]

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August 20, 2020

Frequently Asked Questions – goAML

20th August 2020 The FIAU has gathered all the technical answers to the questions asked by various subject persons on the new suspicious transaction reporting (‘STR’) system which has recently replaced the old PDF document submission system. The FAQs are categorised by the system functionality and by specific sectors, such as the gaming industry. The […]

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