FIAU Director Kenneth Farrugia sheds light on changes made at the Authority in line with international recommendations. Since 2017, the Financial Intelligence Analysis Unit (FIAU) has been in an intense process of transformation – the same year that Director Kenneth Farrugia took the helm to steer...
Background The Financial Intelligence Analysis Unit (“FIAU”) wishes to inform interested parties that a series of amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations (“PMLFTR”) S.L. 373.01, were published in Government Gazette No. 20,410 on the 22nd May 2020 by means of...
Background The Financial Intelligence Analysis Unit (“FIAU”) wishes to inform interested parties that a series of amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations (“PMLFTR”) S.L. 373.01, were published in Government Gazette No. 20,410 on the 22nd May 2020 by means of...
Subject persons are to note that Court Orders are available on the Asset Recovery Bureau website through the following link: https://assetrecovery.mt/en/Pages/Court-Orders.aspx This section of the FIAU website is no longer being updated with the latest court orders, which were being reproduced pursuant to an informal arrangement...
Finance Minister Edward Scicluna told The Malta Independent that the Maltese regulatory authorities are making significant progress in strengthening their capabilities, regulations and effectiveness in the fight against money laundering and financing of terrorism. Former Prime Minister and PL MEP Alfred Sant last Thursday said that...
The Financial Intelligence Analysis Unit (FIAU) has proposed a series of amendments to Part I of the Implementing Procedures issued under the Prevention of Money Laundering and Funding of Terrorism Regulations (Subsidiary Legislation 373.01). These proposed amendments seek to make certain obligations more practicable particularly for the...
Acting Police Commissioner Carmelo Magri said he is confident that the investment being made in the police financial crimes unit will help the country reach its anti-money laundering targets and avoid being placed on the ‘grey list.’ Magri said in an interview with The Malta Independent...
Further to the previous notice issued by the FIAU on the 24th April 2020 related to the registration on the new STR Submission system (goAML), the FIAU understands that the current situation related to COVID-19 is effecting the ability of a number of subject persons...
The Malta Gaming Authority (MGA) has confirmed that it has signed a Memorandum of Understanding (MoU) with the Financial Intelligence Analysis Unit (FIAU). The MoU will specifically focus on improving the sharing of information on the areas related to the supervision of Anti-Money Laundering (AML) and...
Writing for II, Kenneth Farrugia explains how Malta is rising to the challenge of tackling money laundering. The fight against money laundering and the financing of terrorism are crucial issues for the integrity and stability of the global financial ecosystem. Nowhere is this more pronounced than Europe, where...