7th February 2020 Amendments to the Prevention of Money Laundering Act A summary of the salient amendments to the Prevention of Money Laundering Act, Chapter 373 of the Laws of Malta. Background Act No. I of 2020 introduces a number of amendments to the Prevention of Money Laundering Act, Cap 373 of the Laws of […]
3rd Febraury 2020 The Financial Intelligence Analysis Unit (“FIAU”) has today issued sector specific Implementing Procedures applicable to the Virtual Financial Assets sector. These Implementing Procedures – Part II set out how VFA Agents, VFA Service Providers and anyone conducting VFA offerings to the public are to comply with the AML/CFT obligations arising from the […]
27th January 2020 CONSULTATION PERIOD FIAU Risk Evaluation Questionnaire The Financial Intelligence Analysis Unit (FIAU) has published a revised version of the Risk Evaluation questionnaires (REQs) for consultation and is inviting all persons and entities subject to the Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR) (Subsidiary Legislation 373.01 of the Laws of […]
7th January 2020 The Financial Intelligence Analysis Unit would like to notify subject persons and all interested stakeholders that the European Commission has launched a public consultation on an EU regulatory framework on crypto-assets (virtual financial assets). The consultation, which takes the form of a questionnaire, is not specific to AML/CFT matters but does include […]
17th December 2019 FIAU Directive to all subject persons in relation to dealings with Iran Directive
24th October 2019 Seminar on the Implementing Procedures Part I – 18 October 2019: Presentations The Risk Based Approach – An Overview Risk Assessments Risk Assessment – Risk Factors & Mitigating Measures Geographical Risk, Non-Reputable and High-Risk Jurisdictions Identification and Verification Measures Beneficial Ownership Customer Profile, Nature and Purpose of Business Relationship Enhanced Due Diligence […]
14th October 2019 Consultation Exercise on the proposed amendments to the PMLFTR transposing provisions of the 5th AMLD Consultation Document
3rd October 2019 Guidance Note issued by the Sanctions Monitoring Board on Targeted Financial Sanctions Notice
16th September 2019 FATF Guidance for Legal ProfessionalsFATF Guidance for the Accounting ProfessionFATF Guidance for Trust and Company Service ProvidersFATF Guidance on Virtual Assets and Virtual Asset Service Providers