ARTICLE · 01 APRIL 2020

AMLCFT Compliance Support

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Companies carrying out relevant financial business or relevant activity under the Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR) are identified as Subject Persons.

MaltaGovernment, Public Sector

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Companies carrying out relevant financial business or relevant activity under the Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR) are identified as Subject Persons, required to implement effective internal control systems in order to fulfil their legal obligations in this regard.

The Risk Evaluation Questionnaires (REQs) submitted through the FIAU's Compliance and Supervision Platform for Assessing Risk (CASPAR) is the Unit's advanced monitoring system, utilised to assess regulatory compliance performance of subject persons. The automated risk scoring applied through this self-assessment platform, provides the FIAU with a deep insight into the health status of the Subject Person's internal control systems and overall exposure to risk.

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