At the end of 2022, the Financial Intelligence Analysis Unit
(FIAU) launched its first ever strategy for the period 2023-2026.
Its Acting Director Alfred Zammit spoke to FinanceMalta about the
most important changes that it signifies.
The past 20 years have seen significant changes to Malta's
economy and, with that, the role of the FIAU. As that role evolved,
so did its operations. Ten years ago, it had only 13 employees with
a budget of €480,000. Today, the FIAU employs 141 employees,
with a budget of €11.5 million.
Until 2022, the FIAU had relied on regular reviews and
development plans. Drawing up the first strategy required an
innovative process – one that relied heavily on consultation
with its own employees. Over half of them actively participated,
putting forward ideas on what could be done – or done
differently.
