Suspicious Transaction
All subject persons are required to register on the goAML platform in order to submit any suspicious activity or transaction reporting (STR/SAR). In order to register on goAML, Once the registration on goAML is finalised, the user…
Suspicious of Cash Restriction Breach
Through these regulations, it is now a criminal offence to make or receive payment or carry out a transaction in cash amounting to €10,000 or more (or its equivalent in another currency), whether in a single transaction or in several linked transactio…
Whistleblower Protection
The Protection of the Whistleblower Act (“the Act”) seeks to encourage employees to disclose improper practices, either occurring within the organisation they work or in which their organisation may be involved. To this end, the identity of the disclosing employee (“the whistleblower”) cannot…
Subject Person Profile
CASPAR includes a new module referred to as the ‘Subject Person Profile’. This module, which is separate from the REQ, requires subject persons to provide information on the subject person. Guidance on populating the Subject Person Profile module can be accessed…
Risk Evaluation Questionnaire
The Risk Evaluation Questionnaire (REQ), which subject persons are required to submit on a yearly basis, is one of the main risk data blocks through which the risk assessment is carried out.
The REQ requests information and data on the subject person’s business, activities, policies and procedures…