Malta FIAU fines five firms over risk assessment, due diligence and monitoring to close 2022

In an end of year sweep, the Maltese Financial Intelligence Analysis Unit (FIAU) published a batch of enforcement notices against two online casinos, a forex and precious metals trading services firm, and a couple of banks. The failings of each follow common threads.

In an end of year sweep, the Maltese Financial Intelligence Analysis Unit (FIAU) published a batch of enforcement notices against two online casinos, a forex and precious metals trading services firm, and a couple of banks. The failings of each follow common threads.