‘Court decision on fines renders AML enforcement ineffective’ – FIAU Director

Alfred Zammit, Director of the FIAU

The FIAU’s suspicion reporting regime is functioning well as is evident by the ever-increasing number of STRs received by the FIAU. “I want to stress this: the law gives no power to the FIAU to conduct criminal investigations or take people to court on money laundering charges. We only ensure compliance and provide intelligence; it...