anti-money laundering

Amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations (“PMLFTR”)

Authors: Anthony Cremona
Published on March 12, 2015
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Practices: Prevention of Money Laundering
By means of Legal Notice 464 of 2014, a further instalment of amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations, 2008 (S.L. 373.01) was made.

COVID-19 and alternative Customer Due Diligence Measures

Authors: Anthony Cremona, Stephanie J. Coppini
Published on May 12, 2020
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Practices: Prevention of Money Laundering
With the unfortunate circumstances the world, including Malta, is currently facing as a result of the novel COVID-19 virus pandemic, it is regretfully not ‘business-as-usual’, not least where Anti-Money Laundering and Combating the Funding of Terrorism (“AML-CFT”) is concerned. In fact, while most subject persons have adapted themselves to COVID-19 by striving to continue to provide their services to their customers remotely due to social distancing measures, public health-related precautions, the physical closure of government departments/agencies and lockdown for particular persons who are considered vulnerable, it is becoming increasingly difficult, if not impossible, to carry out Customer Due Diligence (“CDD”) in the way we were accustomed to just a few weeks ago. Procuring original documents, or certified true copies thereof, in particular has become increasingly challenging.

Malta Company Formations

Authors: Adrian M. Gabarretta, Matthew Mizzi
Published on March 13, 2014
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Practices: Corporate, Corporate Governance, Corporate Services
Corporate services are one of the country’s key offerings. Malta has continued to develop its presence in this field for well over two decades and more than 60,000 companies have been registered in Malta.

Malta, blockchain and the prevention of money laundering

Authors: Max Ganado
Published on April 16, 2019
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Practices: Fintech & Blockchain
Co-authored with Patrick Young

This is a time of unprecedented reputational risk in financial markets. From a relatively niche activity, anti-money laundering has become a massive focal point throughout the financial system. Malta is not alone in facing the issues of how to deal with AML and the process of Knowing Your Client, albeit often the lens appears acutely focused on our islands.

Malta’s AML-CFT Regime: A Brief Guide to Lawyers’ Obligations

Authors: Anthony Cremona, Stephanie J. Coppini
Published on May 21, 2014
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Practices: Prevention of Money Laundering
GANADO Advocates has prepared an article for the International Bar Association (IBA) Anti-Money Laundering Forum , the lawyers guide to legislation and compliance - an internet-based network assisting lawyers in dealing with their current responsibilities in relation to anti-money laundering legislation. The forum provides a summary of anti-money laundering  legislation and compliance requirements that have a significant impact on the legal profession, for jurisdictions from around the globe.