On 20 December 2022, the Financial Intelligence Analysis Unit (FIAU) published a new set of Implementing Procedures – Part II, aimed at accountants and auditors. The guidelines, which will become effective on 1 April 2023, provide additional guidance on AML/CFT obligations arising from the Prevention of Money Laundering Act, the Prevention of the Money Laundering and Funding of Terrorism Regulations and the Implementing Procedures – Part I.
The guidelines can be accessed on the FIAU’s website: https://fiaumalta.org/wp-content/uploads/2022/12/Implementing-Procedures-Accountants-and-Auditors-Part-II.pdf
Should you have any queries in relation to the Implementing Procedures – Part II you may get in touch with Kirsten Debono Huskinson (kirsten.debonohuskinson@camilleripreziosi.com); Kyra Borg (kyra.borg@camilleripreziosi.com); or Peter Mizzi (peter.mizzi@camilleripreziosi.com)
