Legal Notice 430 of 2018 Prevention of Money Laundering and Funding of Terrorism (Amendment) Regulations, 2018 has just been published
GANADO Advocates, together with Deloitte and Alter Domus, organised the 4th edition of Malta Asset Management Forum, which took
The subject of this presentation will cover the salient features of the Maltese Anti-Money Laundering and Counter-Financing of Terrorism (AML-CFT) legal regime.
By virtue of Legal Notice 464 of 2014 a slight but important amendment was made to the definition of ‘relevant
Following an alignment of the interpretation of the phrase “marketing its units or shares” with the concept of marketing in the AIFMD, Maltese investment funds managed by third-party managers will now be considered to be “subject persons” under the Prevention of Money Laundering & Terrorist Financing Regulations (PMLFTR). These investment funds are expected to appoint a Money Laundering Reporting Officer (MLRO) by not later than 30th April, 2013. The same amendments to the PMLFTR Implementing Procedures also added a new chapter (Chapter 9) formally recognising AML outsourcing arrangements by funds with no physical operational set-up to their fund administrator including the possibility of appointing the MLRO of the administrator as the fund's MLRO.