The Financial Intelligence Analysis Unit (FIAU) would like to bring to the attention of subject persons operating within the Virtual Financial Asset (VFA) sector and those dealing with the same, that following the first publication in 2019, the Financial Action Task Force (FATF) has updated...
The IFSP has been informed by the Financial Intelligence Analysis Unit (FIAU) that a newly dedicated portal dealing with the Cash Restriction policy has been created on the its website. On this portal, subject persons may find a list of Frequently Asked Questions (FAQs) on...
The Commissioner for Revenue has notified the IFSP that the tax payment deadline of eighteen (18) months following the end of the accounting period, applicable to companies in possession of a determination under the relevant paragraphs of Article 47 of the Duty on Documents and...
In May 2021, the FIAU published a guidance paper entitled ‘‘Enforcement Factsheet: Common Observations across sectors subject to AML/CFT Supervision’. The paper sought to analyse the enforcement actions undertaken over the past two years, to provide subject persons with insights into the most common observations...
Following an IFSP query, the MFSA has clarified its expectations regarding the documents listed in section 3.6.3 of the Guidelines to the New CSP Regime Application Process. Under threshold applicants are not required to provide the documents listed in section 3.6.3 - Supporting Documentation Required at...
In pursuit of a common goal of safeguarding the Maltese financial sector, gaming sector, and other sectors and professions from being misused for criminal purposes, the FIAU would like to bring to the attention of all subject persons a notification which has just been issued...
Malta has passed the MONEYVAL test. The first enhanced follow-up report, dated April 2021, has found that Malta has made sufficient progress to be assessed as no longer non-compliant. The next step is the FATF opinion, expected at the end of June or early July. MONEYVAL...
The Registrar of Companies would like to bring to the attention of the Company Service Providers and the general public the recent amendments that took place in the Company Service Providers Act and how this will impact on the operations of the Malta Business Registry...
Below please find two guidance notes that were issued by the MBR and the relevant contact details: Guidelines on High Risk Jurisdictions https://mbr.mt/wp-content/uploads/2021/05/High-Risk-Jurisdictions.pdf Contact Email: compliance.mbr@mbr.mt Guidance Notes on the Registration of Foundations and Associations https://mbr.mt/wp-content/uploads/2021/05/FAQs-Foundations-and-Associations.pdf Contact Email: foundations.associations@mbr.mt...
The Financial Intelligence Analysis Unit (FIAU) would like to bring to the attention of subject persons and interested parties the publication in the Government Gazette of Legal Notice 199 of 2021. This legal notice, which was issued on 30 April 2021, introduces a series of...