On Feb. 13, MLT FIU said evaluation questionnaire available on Mar. 3.
MLT FIU said 2025 Risk Evaluation Questionnaire (REQ 2025) will be on Compliance and supervision platform for assessing risk (CASPAR) from Mar. 3, 2025 & issued FAQ.
Follows MLT FIU Nov. 2024, reported on actions after risk questionnaire, see #233673.
Summary
MLT FIU also issued details of submission deadlines: Apr. 10, 2025 for virtual financial assets service providers (VASPs) real estate agents, notaries, and gaming operators.
Apr. 17, 2025 for trustees and fiduciaries, company service providers, accountants, auditors, tax advisors; advocates; Apr. 24, 2025 for credit institutions, financial institutions, investments service and securities markets; insurance and pensions.
Financial institution deadline applies only to those also holding licences under the provision of the Investments Services Act, the Insurance Business Act or the Insurance Distribution Act, and excludes those submitting REQ through the LH portal.
MLT FIU said failure meet deadlines contravenes Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR) reg 19/Implementing Procedures sec 5.12.
Breaches may be liable to the imposition of an administrative measure, including the imposition of an administrative penalty in terms of Regulation 21 of the PMLFTR.
REQ 2025 can only be submitted via CASPAR portal: registration as per user guide.
Effectiveness
REQ 2025 will be available for completion from Mar. 3, 2025.
