Anti-Money Laundering and Risk Assessment (Part 2)

Malta has in the past transposed and is currently transposing the latest EU directives aimed to fight Money Laundering and Terrorism Funding. Acts and regulations, together with guidance from the Financial Intelligence Analysis Unit (FIAU) are designed to assure that funds passing through Maltese entities have not originated from any…
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AML and Risk Assessment (Part 1)

When we want to cross a road, we look at all possible traffic directions to make sure that we can cross it safely. We assess our risks and then take a decision to act, or not to. In a similar way, this is what the regulators are asking from every…
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Anti-Money Laundering: Know Your Customer and keep your eyes peeled

When it comes to Anti-Money Laundering, the main difficulty comes not in the renowned parameters of the law, but in the subjective grey areas, like the Know Your Customer (nowadays more commonly described as Customer Due Diligence – CDD) processes imposed upon compliance authorities and the ongoing monitoring process. For…
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