Malta: Financial Intelligence Analysis Unit Issues AML Legal Notice

On January 9, 2019, the Financial Intelligence Analysis Unit (FIAU) published Legal Notice no. 430/2018 entitled “Prevention of Money Laundering and Funding of Terrorism (Amendment) Regulations, 2018”, which introduces amendments and additions to the Prevention of Money Laundering and Funding of Terrorism Regulations.

Alongside amendments related to the scope of “gaming licence”, “gaming service” and “gaming licensee”, the majority of the changes aim to bring virtual financial assets (VFA) related activities under the anti-money laundering regulations.

In particular, these key changes refer to the following:

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