“90% of recommendations have already been fully implemented”

FIAU sign

Tista' taqra bil- Malti.

90% of the Moneyval recommendations have already been fully implemented by the FIAU by March 2019. This is what the Financial Intelligence Analysis Authority stated in a press release just a day after the publication of the committee of experts’ report on Malta.

Malta’s capabilities are not in line – Moneyval

FIAU is pleased that the Moneyval report has confirmed that its officials have always performed their functions freely and objectively without undue influence.

The authority has also managed to implement a detailed action plan designed at strengthening its supervisory function. This progress has been acknowledged by both the Moneyval report and the EU Commission in its report of June 2019.

In this regard, FIAU are committed to address recommendations made by international bodies, and has already developed a plan to address pending issues.

The action plan will be ensuring that the FIAU will maintain its momentum with regards to the provision of guidance and outreach to create better awareness and understanding of regulated sectors.