Maltese legal professionals lagging behind in AML reporting compliance, despite a broad overall improvement on 2019 – new figures show - AML Intelligence
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Maltese legal professionals lagging behind in AML reporting compliance, despite a broad overall improvement on 2019 – new figures show

Around one in seven Maltese firms did not submit a Business Risk Assessment (BRA) to Maltese Authorities last year, it has emerged.

The BRA – which forms part of Malta’s risk-based approach to combatting money laundering and terror financing – became a legal requirement in January 2018. Yet despite significant progress on this issue, 15% of companies did not submit one in 2020.

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