Tag: FIAU

Cuschieri’s resignation ‘ratified’; Licari’s self-suspension ‘not warranted’

Both Cuschieri and Licari have been outed as having benefitted from a luxury, all expenses paid holiday in Las Vegas in 2018. The bill was footed by casino owner, development mogul and murder suspect Yorgen Fenech.

FIAU chairman should be appointed after parliamentary scrutiny – PN

The PN MPs are insiting that the process for the appointment should not be abused and should be carried out according to law.

Lombard Bank to appeal FIAU decision

The FIAU had carried out an on-site inspection in autumn 2019.

Lombard Bank fined by FIAU

Lombard Bank has been fined an administrative penalty for breaches in Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) obligations.

FIAU issues €500K in fines for anti-money laundering obligations failure

In its report for the period between January and July published on Monday, the Financial Intelligence Analysis Unit (FIAU) said that these failures were identified during onsite examinations and amounted to a total of €568,373 in administrative penalties.

Newsbook Q&A: The FIAU Explains

In this week’s edition of Newsbook Q&A, Editor-in-Chief Sylvana Debono speaks to two persons who shun the limelight but whose work goes a long way in weeding out corruption.

EC should consider an EU financial police – Sven Giegold

The European Commission should consider suggesting an EU financial police in the framework of Europol as requested by the European Parliament, according to MEP Sven Giegold.

FIAU presented 25 reasons for Ferris dismissal

The public inquiry on the assassination of journalist Daphne Caruana Galizia continues this afternoon. Ms Marianne Scicluna is expected to testify in court. Ms Scicluna is the Chief Officer Supervision within the Malta Financial Services Authority, MFSA.

Finance Minister says Malta ‘doing its job on Anti-Money Laundering’

Malta’s Finance Minister Edward Scicluna has said that the country, ‘has always done its job in terms of combating money laundering and financial crime,’...

“Weaknesses in Malta’s transparency and accountability persist” – S&P report

S&P Global Rankings have insisted that weaknesses in the transparency and accountability of Malta's institutions still persist. The report also analysed the effects emerging...