112, Psaila Street, B'Kara Malta, BKR 9075
iga news
fiau-req-2022-iga

FIAU | GUIDANCE NOTE ON THE MONEY LAUNDERING REPORTING OFFICER

The Financial Intelligence Analysis Unit (“FIAU”) published a new Guidance Note on Common Issues related to the Money Laundering Reporting Officer (“MLRO”).

In its announcement, the FIAU stated that the Guidance Note is being issued in response to several questions that it has received from Subject Persons on how certain requirements regarding the MLRO role should be interpreted. The Guidance Note thus seeks to provide clarity on the following topics:

  • Independence and Autonomy;
  • Conflicts of Interest;
  • Outsourcing, Secondment & Employment;
  • Knowledge, Skills & Expertise;
  • Personal Liability; and
  • Record Keeping

MLROs are also reminded of their obligation to ensure that they satisfy all eligibility requirements to undertake the functions expected of an MLRO, and to notify the Authority and the FIAU forthwith, should there be any changes or developments which render them ineligible to continue occupying the said role.


Resource: https://www.mga.org.mt/the-fiau-publishes-guidance-note-on-the-money-laundering-reporting-officer/

Any questions regarding the Guidance Note? 
IGA Group has a professional team to occupy MLRO role as key function,
advise AML/ CFT related topic and more! 

Contact us, We’ll be happy to meet and assist you!
Email: [email protected]
Phone: +356 99441881

Related Posts