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ARTICLE · 07 JANUARY 2021

Implementing Procedures Part II: Company Service Providers

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The FIAU has just released the Implementing Procedures Part II focusing specifically on AML/CFT obligations for professionals and firms offering services contemplated under the Company Service Providers Act, namely:

MaltaCorporate/Commercial Law
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The FIAU has just released the Implementing Procedures Part II ("IPs") focusing specifically on AML/CFT obligations for professionals and firms offering services contemplated under the Company Service Providers Act, namely:

  • Formation of companies or other legal entities;
  • Acting as or arranging for another person to act as director or secretary of a company, a partner in a partnership or in a similar position in relation to other legal entities;
  • Provision of a registered office, business correspondence or administrative address and other related services for a company, a partnership or any other legal entity.

The National Risk Assessment ("NRA") elicited the following significant risk elements for CSPs:

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