Malta: FIAU Consults on Proposed Amendments to Prevention of Money Laundering and Funding of Terrorism Regulations

On October 14, 2019, the Financial Intelligence Analysis Unit (FIAU) released a consultation paper on proposed amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR), which seek to transpose the 5th Anti-Money Laundering Directive (5th AMLD) into Maltese law. 

The key changes related to the payments industry can be summarised as below: 

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