Risk Evaluation Questionnaire (REQs)


Risk Evaluation Questionnaire (REQs)

March 1, 2021

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 specific guidance documents, to assist subject persons in completing the REQ. The guidance documents can be accessed through the following link:  REQ Guidance Document

The deadlines for submission of the 2021 REQs are as follows:

Wednesday 14th April 2021
Virtual Financial Assets Agents
Real Estate Agents
Gaming Operators

Wednesday 21st April 2021
Trustees and Fiduciaries
Company Service Providers
Accountants and Auditors
Tax Advisors

Wednesday 28th April 2021
Credit institutions
Financial Institutions
Investments Service and Securities Markets
Insurance and Pensions

Subject persons operating in categories falling on different deadlines should follow the last deadline for their relevant sectors. Submission of the REQ following the respective deadlines will be considered as a late submission and may result in subject persons being liable to an administrative penalty.

Subject Person Profile
Subject persons are also reminded to populate the’ Subject Person Profile’ module on CASPAR. Guidance on populating this module can be viewed by accessing the FIAU website.

Subject persons are required to complete this module by the deadlines stipulated above. Going forward, the FIAU expects subject persons to keep the ‘Subject Person Profile’ module up-to-date.