FIAU Update: January-July 2020

10th August 2020

We are pleased to inform you that the FIAU has published an update on its most prominent achievements during the months of January and July of this year. In this publication, the FIAU also shares some of its meaningful future targets and aspirations.

During the COVID-19 pandemic, the FIAU has, like many other organisations, successfully shifted most of its operations to a remote setting – this to ensure that we continue to sustain and execute our mission in assisting Malta in its fight against money laundering, terrorism financing and other financial crimes.  

From our update, you will witness how our investment in human resources and new technologies continues to bear fruit, with a significant increase in enforcement measures, inspections, receipt of suspicious transaction reports, as well as participation in training events both organised by the FIAU and those organised by other public and private entities.

In this publication, we also provide an update on our proactive initiatives in drafting pieces of legislation to assist Malta in meeting its international obligations, including on the rules setting out the FIAU’s new functions to oversee the implementation of cash restrictions, and in regulating Malta’s centralised bank account registry.