On the 26th October 2021 amendments were introduced to the Companies Act, Chapter 386 of the Laws of Malta, by virtue of the enactment of Act LX of 2021 (herein the ‘Act’). These amendments aim to address enhancing transparency of information concerning the shareholders, directors and officers of companies registered in Malta. THE SERVICE ADDRESS...
The Financial Intelligence Analysis Unit (“FIAU”) issued a Consultation Document setting out proposals for several changes to the Implementing Procedures Part I (“IPs”). The main changes being introduced are the following: Adverse media Additional guidance is given on assessing the relevance, reliability, and timing of adverse media, and on the evaluation of supervisory and regulatory...
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