AML News

A legal notice was issued on 30 April 2021 which introduces a number of amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR).

The Financial Intelligence Analysis Unit (FIAU) has recently published a guidance note on the role of the Money Laundering Reporting Officer (MLRO). This guidance note covers a number of areas which address common issues and queries that arise in relation to this role.

The FIAU issued a guidance document on the statutory requirements and optimal measures related to transaction monitoring.

The FIAU has recently published an intelligence factsheet extracted from the results of a strategic analysis carried out in relation to the misuse of companies, whereby at least one of the entities was Maltese.

The 2023 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.