On the 21st of August 2025, the FIAU published the AML/CFT Supervisory Plan for 2025-2026, continuing its strategy to strengthen AML/CFT compliance monitoring as part of a broader 2023-2026 framework. The plan builds on a five-year risk-based compliance monitoring approach that started in July 2024. It is designed to target high-risk sectors, prominent risk aspects, and trends identified from national, sectorial, and international risk assessments, as well as data from the CASPAR system which assesses subject persons’ ML/FT risks.
The Supervisory Plan focuses on effectively monitoring the mitigation of identified risks through a range of supervisory interventions such as AML/CFT returns, supervisory meetings, policies and procedures, full scope and targeted inspections, thematic inspections, follow-up visits, and ad hoc inspections triggered by specific risks or events. The FIAU also emphasizes the importance of synchronizing guidance and outreach efforts with supervisory priorities to foster a stronger compliance culture amongst subject persons.
The plan also highlights cooperation with other Maltese supervisory authorities, such as the Malta Financial Services Authority(‘MFSA’) and the Malta Gaming Authority(‘MGA’), which may conduct joint or delegated supervisory interventions. The outcomes of supervisory activities include closure letters for minor or no issues, remediation letters requiring corrective action plans, and potential breach notifications for serious shortcomings.
The FIAU’s ultimate objectives for the 2025-2026 period are to ensure that supervisory efforts effectively address key ML/FT risks in prioritized sectors while promoting transparency, accountability, and continuous improvement in AML/CFT compliance standards across regulated entities in Malta.
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