The Financial Intelligence Analysis Unit (FIAU), in collaboration with the Notarial Council of Malta, recently organised a dedicated training session for members of the notarial profession, attracting over 120 participants.
This initiative forms part of the FIAU’s ongoing efforts to support subject persons through targeted outreach and capacity-building, aimed at strengthening compliance with Malta’s anti-money laundering and countering the funding of terrorism (AML/CFT) framework.
The training session delivered a comprehensive programme, bringing together contributions from multiple FIAU sections to provide participants with practical guidance, regulatory updates, and sector-specific insights.
A key focus of the session was an overview of the latest developments related to the European Union’s AML Legislative Package, offering participants valuable insight into forthcoming regulatory changes and their expected impact on the notarial sector.
Participants also benefitted from detailed information sessions delivered by the FIAU’s:
- Supervision Section
- Enforcement Section
- Cash Restriction Section
- Intelligence Analysis Section
These sessions addressed key compliance obligations, highlighted common challenges observed within the notarial sector, and provided practical guidance to enhance the effectiveness of internal controls and reporting practices.
The strong turnout for this training underscores the notarial sector’s commitment to maintaining high professional standards and contributing to the integrity of Malta’s financial system.
The FIAU remains committed to continuing its engagement with stakeholders through similar initiatives, fostering collaboration and promoting a robust and effective AML/CFT framework.