Category: Anti-Money Laundering

Understanding AML Compliance for Cryptocurrency Transactions

Before we delve into the notion of Anti-Money Laundering (AML) Compliance for Cryptocurrency Transactions, we first need to define what constitutes a cryptocurrency transaction. A...

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An article from Malcolm Wallbank

Malta’s Removal from the FATF Grey List

Malta’s inclusion on the Financial Action Task Force (FATF)’s list of Jurisdictions under Increased Monitoring (also known as they ‘grey list’) in June 2021 raised...

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An article from Malcolm Wallbank

AML Reforms at an EU Level

Introduction On July the 20th 2021, the European Commission publicly announced its presentation of the ‘most ambitious package of measures’ to combat Money Laundering and...

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An article from Dr. Michael Calleja

A guide to dealing with Politically Exposed Persons

There are many misconceptions about Politically Exposed Persons (PEPs). Many people think that it is not allowed to service PEPs. Many people think that only...

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An article from Malcolm Wallbank

A brief appreciation of the 6th AML Directive

The EU’s unwavering commitment to comprehensively combat threats posed by Money Laundering (and funding of Terrorism) across the Union has been further strengthened by the...

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An article from Dr. Michael Calleja

Cash Restriction Usage in Malta

The usage of excessive cash in normal legitimate purchases can increase the risk of facilitating money laundering, especially through cash generated from illicit activities such...

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An article from Malcolm Wallbank

Understanding the FATF’s Grey List

The Financial Action Task Force (FATF), which is also known as “Groupe d’action financière” is an intergovernmental organisation founded in 1989 to develop policies to...

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An article from Dr. Rebecca Mifsud

Dealing with High-Risk and Non-Reputable Jurisdictions.

Introduction. More often than not, the terms ‘High-Risk’ and ‘Non-Reputable’ countries are often used interchangeably within the context of Anti-Money Laundering and Countering the Financing...

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An article from Dr. Michael Calleja

DW&P Dr. Werner & Partners. One of leading tax & law firms in Malta.

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