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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 to clarify how they are to be interpreted and applied in practice. Furthermore, it has at times had to clarify whether certain arrangements are permissible or otherwise, in terms of the PMLFTR and the Implementing Procedures. To support subject persons in their understanding of the role of the MLRO and related matters, the FIAU has condensed these replies in a single document and the information is being made available to all subject persons and MLROs. The Guidance Note may be accessed by clicking on the below link.
This Note is not a standalone document but is to be read together with the PMLFTR and the applicable Implementing Procedures, including any sector specific Implementing Procedures that may contain directions on the MLRO.
Questions related to the said Guidance Note are to be sent on the following email address – firstname.lastname@example.org.
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.
The Financial Intelligence Analysis Unit (FIAU) is issuing this communication to subject persons to clarify updates in the reporting through the goAML platform in relation to submitting reports via goAML in line with Regulation 15(4) of the Prevention of Money Laundering and Funding of Terrorism Regulation (PMLFTR).
This publication was adapted from an article by the Office of Commissioner Revenue. The DAC 6 requires both intermediaries and taxpayers to provide the Malta Commissioner for Revenue information in respect of a reportable cross-border arrangement. Click the link for more information.