One of the main topics about which the Financial Intelligence Analysis Unit (FIAU) receives questions is that of the Money Laundering Reporting Officer (MLRO). In replying to these questions, the FIAU has gained insight into how certain requirements raise difficulties and it has been required...
The Financial Intelligence Analysis Unit (FIAU) is issuing the following communication to subject persons to provide details on Company Service Providers and the thematic review of 2021 to assess their level of compliance with beneficial ownership obligations. Read More ...
The current situation in Ukraine has once more brought to the fore the importance of ensuring that all subject persons adhere to their obligations arising from the National Interest (Enabling Powers) Act and from the Prevention of Money Laundering and Funding of Terrorism Regulations, as...
The Commissioner for Revenue would like to notify that further to its communication dated 29th November 2021 being the online extension deadline for the year of assessment 2021 income tax returns, any penalties incurred for the year of assessment 2021 income tax returns which were...
We would like to draw your attention to the Government Notice setting out guidelines for the application of compromise arrangements (in lieu of criminal prosecution) in terms of the VAT Act....
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...