News

Beset by legal reversals that have sidelined anti-money laundering enforcement in Malta indefinitely, the island's Financial Intelligence Analysis Unit, or FIAU, has launched a series of appeals with the aim of regaining its stature not only domestically, but also internationally. A lower court's decision in March of last year to cancel, on constitutional grounds, a €436,000 fine that FIAU assessed 17 months prior against a payment processor marked only the first of several rulings that, if they survive appeal, would reduce the combined value of penalties the agency has issued since 2019 by half. FIAU Director Alfred Zammit and ACAMS...