100 results found

Company Service Providers, lawyers, trustees. They have all been considered by Maltese authorities to contain high inherent vulnerabilities in their 2018 National Risk Assessment, in particular due to the acknowledgment that ...

On 18th January 2024, the European Council ("EC") and European Parliament ("EP") reached a political agreement on the proposed...

For the purposes of preventing money laundering and funding of terrorism, European Union (hereinafter, "EU") law requires Member States to keep a register containing information on the beneficial owners of companies and other entities incorporated within their jurisdiction.

Following the local transposition of the 5th AML Directive[1] earlier on this year, the Centralised Bank Account Register Regulations came into force on the 20 October 2020 through Legal Notice 401 of 2020.

On 8 April 2025, the Maltese Government published Legal Notice 71 of 2025, entitled "Measures for a High Common Level of Cybersecurity Across the European Union (Malta) Order, 2025" (Order)...

Money laundering is the process whereby the proceeds of illegal activity are changed into seemingly legitimate funds. Sums of money are passed through various structures such as company structures, businesses, banks, and various other means, to obscure its origin.

This article imposes upon subject persons a duty of reporting and screening for sanctions.

Amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations.

On July the 20th 2021, the European Commission publicly announced its presentation of the ‘most ambitious package of measures' to combat Money Laundering and the Financing of Terrorism.

This publication comes while the FIAU is marking its 20 years of operations and signals our eagerness to be forward looking and resolute to become more effective...

The mechanism being set up is one of the requirements introduced by the 5th anti-money laundering Directive (EU 2018/ 843).

On the 9th of February 2021, the Financial Intelligence Analysis Unit informed the relevant stakeholder that the 2021 Risk Evaluation Questionnaires will be available on the Compliance and Supervision Platform for Assessing Risk System ...

The EU's unwavering commitment to comprehensively combat threats posed by Money Laundering (and funding of Terrorism) across the Union has been further strengthened by the 6th Anti-Money Laundering Directive ...

Malta's inclusion on the Financial Action Task Force (FATF)'s list of Jurisdictions under Increased Monitoring (also known as they ‘grey list') in June 2021 raised quite a...

On the 20th February, 2015 Act No. III of 2015 was published making various amendments to the PMLA (Cap. 373 of the Laws of Malta) (as well as, to a lesser extent, to the Criminal Code and to the Professional Secrecy Act).

Malta’s commitment to the fight against money laundering and the funding of terrorism is firmly rooted in the country’s interest in safeguarding its role as a reputable financial services centre, and buttressed by the country’s status as a full member of the European Union and signatory to the main international multilateral treaties intended to tackle the affliction of money laundering in the world’s financial markets.

Malta’s anti-money laundering and counter-terrorist financing (AML/CFT) framework has undergone a significant evolution following the introduction of Legal Notice 82 of 2026...

Malta has introduced significant reforms to its beneficial ownership framework for trusts through Legal Notice 252 of 2026, implementing key provisions of the EU's Sixth Anti-Money Laundering Directive. The amendments expand the definition of beneficial ownership to include individuals exercising ultimate control, broaden access to the Trusts Ultimate Beneficial Ownership Register, and strengthen verification and enforcement mechanisms.