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ARTICLE · 02 AUGUST 2024

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FIAU Annual Report 2023: Overview

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The Financial Intelligence Analysis Unit (FIAU) of Malta, issued its Annual Report for 2023 on July 16, 2024, providing an in-depth overview of the organisation's activities...

MaltaGovernment, Public Sector
Louise Vella
Louise Vella
Szabolcs Toth
Szabolcs Toth

The Financial Intelligence Analysis Unit (FIAU) of Malta, issued its Annual Report for 2023 on July 16, 2024, providing an in-depth overview of the organisation's activities, achievements, and initiatives over the previous year, highlighting the FIAU's commitment to maintaining high regulatory compliance standards and sharing vital intelligence with law enforcement authorities both in Malta and internationally.

Key Activities, Achievements, and Initiatives

Enhanced Reporting and Analysis: The FIAU's Intelligence Analysis Section focused on expanding its workforce and optimising resource allocation to effectively handle the increasing workload. In 2023, there was a 5% rise in suspicious transaction reports (STRs) compared to the previous year, reflecting the impact of the FIAU's collaboration with the various stakeholders in the sector. Despite the increase in suspicious reports, there was a decrease in information requests to credit and financial institutions,

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