Malta: Money laundering often due to firm’s poor conduct – MFSA


February 4, 2019

Firms’ poor conduct and prudential arrangements may often lead to AML/CFT shortcomings, the Malta Financial Services Authority said on Monday, saying this conclusion was drawn from its regulatory activities.

The MFSA’s remit is to support national anti-money laundering and terrorist financing supervision by ensuring that all regulated firms have in place broader, overarching systems and controls to counter potential money laundering activities, working closely with the FIAU – the national AML/CFT supervisory agency.