The Malta Financial Services Authority published its Annual Report 2020 and audited financial statements for the year 2020, which look at the regulator’s activities over the past year with respect to supervisory, anti-money laundering and counterterrorist financing efforts.
The Financial Intelligence Analysis Unit of Malta issued revised Implementing Procedures – Part 1, which set out the identification and verification of identity requirements that must be implemented when a customer is a foundation, an association or a trust.
U.K. lawmakers propose AML carveout for certain fintechs, U.S. banks reminded to vet cryptocurrency companies, and more, in the weekly roundup.
US officials support adding Malta to global gray list, U.S. investigators track suspicious cryptocurrency payments, and more, in the midweek roundup.
The Malta Financial Intelligence Analysis Unit issued an administrative measure imposing a €26,500 fine on an unnamed real estate company after a 2020 compliance review uncovered breaches of the Prevention of Money Laundering Act.
The Malta Financial Intelligence Analysis Unit issued an administrative measure imposing a €259,927 fine on the St. Julian’s, Malta-based financial institution following a 2020 on-site compliance review that uncovered anti-money laundering and counterterrorist financing deficiencies.
|Compliant : 12||High : 0|
|Largely Compliant : 28||Substantial : 2|
|Partially Compliant : 0||Moderate : 6|
|Non-Compliant : 0||Low : 3|
Malta's technical compliance was re-rated in a May 27, 2021 follow-up report
|Rank : 53/141|
|Score : 5.48/10|
|Rank : 50/180|
|Score : 54/100|
|Rank : 18/133|
|Score : 62/100|