Cabinet Office updates AML/CFT country lists following FATF plenary

The country lists have been amended by the Cabinet Office and can be viewed on the DHA’s website following the June 2021 FATF plenary.

Amongst other changes, Malta has been removed from List C (Equivalent jurisdiction list) and placed on List B (Jurisdictions that may pose a higher risk) due to the FATF determining they had not made sufficient progress on their action plan.

The IOMFSA have requested that any licence holders or registered persons with business relationships/customers connected to Malta to provide the Authority by the end of July details of those business relationships highlighting whether simplified measures have been used, and if so explaining which measures.

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