The Financial Intelligence Analysis Unit (FIAU) has published on the 6 July 2017, a reviewed version of the Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR) for consultation.
The purpose of the PMLFTR revised version is to implement into Maltese law, various provisions of EU Directive 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (4th AMLD).
The modifications presented by the 4th AMLD shall take into consideration the latest recommendations implemented by the Financial Action Task Force (FATF). Furthermore, it seeks to bring European legislation in line with international standards in fighting against money laundering and the funding of terrorism along with intensifying the integrity of the financial system and the internal market as a whole.
Read more here: //www.fiumalta.org/library/PDF/legislation/Consultation%20Document%20PMLFTR%202017.pdf