FIAU 2023 Risk Evaluation Questionnaire

7th February 2023 • Notice Board

The 2023 Risk Evaluation Questionnaire (“REQ”) will be available on the Compliance and Supervision Platform for Assessing Risk (CASPAR) portal for completion by subject persons as from 1st March 2023.

Notwithstanding this, a copy of the revised 2023 REQ per sector is available below. This will allow subject persons to start collecting and collating the necessary information to be able to complete the REQ in a timely manner.
Subject persons are reminded that the REQ can only be submitted through the CASPAR portal.

For the purpose of assisting subject persons in completing the REQ 2023, the FIAU will be providing guidance for each question throughout the questionnaire itself.

 

The deadlines for submission of the 2023 REQ are as follows:

Thursday 13th April 2023
Virtual Financial Assets Agents
Virtual Financial Assets Service Providers
Real Estate Agents
Notaries
Gaming Operators

 

Thursday 20th April 2023
Trustees and Fiduciaries
Company Service Providers
Accountants and Auditors
Tax Advisors
Advocates

 

Thursday 27th April 2023
Credit institutions
Financial Institutions
Investments Service and Securities Markets
Insurance and Pensions

 

Subject persons operating in categories falling on different deadlines should follow the last deadline. Submission of the REQ following the respective deadlines will be considered as a late submission and may result in subject persons being liable to an administrative penalty.

The FIAU reminds subject persons who are not yet registered on the CASPAR portal, that they are obliged to do so without further delay. Guidance on the registration process can be viewed by accessing the CASPAR user guide. Once the registration is accepted, subject persons can view and complete the 2023 REQ.

Reference is made to the REQ FAQs document published on 31 January 2023 for further guidance to subject persons.

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