Upgrading of the Suspicious Reporting System (goAML)
At the end of December 2024, the Financial Intelligence Analysis Unit (FIAU) will be upgrading its suspicious reporting system, goAML, to a newer version. The upgrade will introduce several enhancements, including an improved web portal user interface, a new XML schema, and additional web portal functionalities.
FIAU to Give Priority to Due Diligence Carried out on Companies that Fail to File Financial Statements
Introduction On 26 June 2024, the FIAU published its AML/CFT Supervisory Plan covering the period July 2024 to June 2025. The document includes information on the main supervisory focus that each category of subject person will be subject to during the aforementioned...Risk Advisory
Risk & Compliance services Risk Advisory Our seasoned risk experts bring a wealth of knowledge and strategic insights, ensuring that organisations not only comply with regulatory standards but also thrive in an environment where risk is transformed into...Streamlining Crowdfunding: The Impact of ECSPR and the Crowdfunding Service Providers Act in the European Union
The European Union market for crowdfunding lags behind other world economies in terms of development. A significant challenge for crowdfunding platforms aiming to expand their services internationally has been the diverging licensing requirements and the absence of...Revamped MFSA Corporate Governance Manual for Directors of Collective Investment Schemes
The Malta Financial Services Authority (“MFSA”) has, on the 30th of October 2023, published a revamped Corporate Governance Manual for Directors of Collective Investment Schemes (the “Manual”).