The Malta Financial Services Authority published a document outlining the supervision of virtual financial assets in the country, including agents, service providers and initial coin offerings.
The Financial Intelligence Analysis Unit of Malta published Implementing Procedures Part II for company service providers to provides guidance on the application of anti-money laundering and counterterrorist financing requirements pursuant to the Company Service Providers Act.
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The Malta Financial Intelligence Analysis Unit issued a revised administrative measure targeting the St. Julian’s, Malta-based institution for anti-money laundering failures, highlighting that the initially imposed penalty of €3,711,300 was reduced to €851,792.50 following the appeals process.
Malta’s Financial Intelligence Analysis Unit issued a remediation directive to an unnamed financial institution after an on-site compliance review revealed breaches of the Prevention of Money Laundering and Funding of Terrorism Regulations.
|Compliant : 10||High : 0|
|Largely Compliant : 21||Substantial : 2|
|Partially Compliant : 9||Moderate : 6|
|Non-Compliant : 0||Low : 3|
|Rank : 53/141|
|Score : 5.48/10|
|Rank : 50/180|
|Score : 54/100|
|Rank : 18/133|
|Score : 62/100|