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ARTICLE · 21 MAY 2025

Malta Yacht Registration: Your Complete Guide

BDO Malta
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Choosing Malta for your yacht registration brings multitude of benefits that set it apart as a premier destination for yacht owners. With an unrivalled position as Europe's largest yacht registry...

MaltaTransport
BDO Malta
BDO Malta
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The function of the MLRO is one of the main and most important AML CFT controls subject persons are required to implement.

The MLRO function is an onerous one and the individual who fulfils this role must not only be approved by the regulator, but also maintain high standards of diligence, independence, ethical conduct and oversight of the subject person's AML CFT framework.

  • Sound governance arrangements

Particularly applicable to larger subject persons, it is vital that robust governance arrangements are established to safeguard the independence of the MLRO. The MLRO is required to have direct and unfettered access to the Board of Directors, or to an established AML committee delegated by the Board of Directors. This highlights the autonomy of the MLRO and that the individual, who should be of sufficient seniority within the subject person, is held accountable.

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