Consultation for revised AML legislation in Malta

By the 6th of July, 2017, the FIAU have issued the attached consultation document for the revision of the PMLFTR.

The new PMLFTR are designed to transpose the changes as required by the 4th-EU-AML-Directive and contain changes regarding due diligence measures for customers and business partners, thresholds, the scope of reliance and implement the risk-base approach to the Maltese AML legislation.

In the course of the consultation exercise, operators and further providers from the different branches of the industry are invited to share their suggestions with the FIAU.

The consultation exercise will close by the 7th of August, 2017.

See here for the consultation document