AML News

The 2024 REQ questionnaire is now available on the Compliance and Supervision Platform for Assessing Risk (CASPAR) portal on the FIAU page for completion by subject persons.

The 2023 NRA serves as an opportunity for subject persons to increase the effectiveness of their systems and on a risk-basis explore areas to increase efficiency while reducing the compliance burden.

The NCC has issued the long-awaited 2023 National Risk Assessment (NRA).

The FIAU has recently published a guidance note on submitting tax related suspicious reports.

The aim is to provide subject persons with more guidance in order to better carry out their AML/CFT obligations.

March 2019 - The Compliance and Supervision Platform for Assessing Risk (CASPAR) is an online tool created by the FIAU with the aim of processing the submission of the Risk Evaluation Questionnaire (REQs).

July 2020 - The Financial Intelligence Analysis Unit (“FIAU”), and the Malta Gaming Authority (“MGA”), have announced the publication of a revised version of the Implementing Procedures (Part II) for the Remote Gaming Sector.

July 2020 - The Malta Gaming Authority recently issued a directive (Directive 3 of 2020) on the Key Function of the Prevention of Money laundering and the Financing of Terrorism (PMLFT).

The Financial Intelligence Analysis Unit (FIAU) has published a revised version of Part I of its Implementing Procedures in response to “issues highlighted in Malta’s Mutual Evaluation Report”.

The FIAU recently issued an Interpretative Note addressed to insurance intermediaries to clarify the insurance distribution activities which fall within the definition of relevant financial business as per Regulation 2(1) of the PMLFTR ('The Prevention of Money Laundering and Funding of Terrorism Regulations').