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200301 ||| eng |
| 020 |
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|a 9781513520711
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| 245 |
0 |
0 |
|a Malta
|b Financial Sector Assessment Program-Technical Note-Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT)
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2019
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| 300 |
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|a 24 pages
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| 651 |
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4 |
|a Malta
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| 653 |
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|a International finance
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Revenue administration
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| 653 |
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|a Banks
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| 653 |
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|a Finance
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Banks and banking
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| 653 |
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|a Financial sector policy and analysis
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| 653 |
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|a General Financial Markets: Government Policy and Regulation
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a External position
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| 653 |
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|a Long-term Capital Movements
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| 653 |
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|a External balance assessment (EBA)
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| 653 |
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|a Crime
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| 653 |
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|a Exports and Imports
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| 653 |
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|a Financial Sector Assessment Program
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| 653 |
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|a Mortgages
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| 653 |
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|a International economics
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| 653 |
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|a Legal support in revenue administration
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| 653 |
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|a Illegal Behavior and the Enforcement of Law
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| 653 |
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|a Taxation, Subsidies, and Revenue: General
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| 653 |
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|a Criminology
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| 653 |
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|a Money laundering
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Financial services industry
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| 653 |
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|a Anti-money laundering and combating the financing of terrorism (AML/CFT)
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| 653 |
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|a Banking
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| 653 |
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|a Corporate crime; white-collar crime
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| 653 |
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|a Public Finance
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| 653 |
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|a Finance: General
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| 653 |
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|a Revenue
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| 653 |
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|a International Investment
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| 710 |
2 |
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|a International Monetary Fund
|b Monetary and Capital Markets Department
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Staff Country Reports
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| 028 |
5 |
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|a 10.5089/9781513520711.002
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/002/2019/345/002.2019.issue-345-en.xml?cid=48827-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a This technical note on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for the Malta summarizes the findings of a targeted review of several aspects of Malta’s progress in addressing AML/CFT vulnerabilities in the financial sector, specifically the banking sector. The report recommends that while Malta has strengthened AML/CFT requirements for banks in recent years, the implementation of AML/CFT preventive measures should be improved further. Although important milestones have been implemented by the Financial Intelligence Analysis Unit and Malta Financial Services Authority to enhance AML/CFT supervision since mid-2017, recent AML/CFT violations raise doubts as to their capacity to effectively identify and address AML/CFT compliance breaches. A multiprong strategy is needed to address these deficiencies. The focus needs to be on developing more effective AML/CFT enforcement and ensuring that banks apply appropriate preventive measures in relation to their high-risk activities and clients. AML/CFT supervision needs to more stringently evaluate banks’ risk mitigation models, ensure that customer due diligence requirements are properly followed, and apply corrective actions and sanctions when deficiencies are identified
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