ISIL (Da’esh) and Al-Qaida Regime Council Implementing Regulation (EU) 2023/845 of 24 April 2023 implementing Regulation (EU) 2016/1686 imposing additional restrictive measures directed against ISIL (Da’esh) and Al-Qaeda and natural and legal persons, entities or bodies associated with them On 20 September 2016, the Council adopted Regulation (EU) 2016/1686. In view of the continued threat […]
Syria Regime Council Implementing Regulation (EU) 2023/844 of 24 April 2023 implementing Regulation (EU) No 36/2012 concerning restrictive measures in view of the situation in Syria On 18 January 2012, the Council adopted Regulation (EU) No 36/2012. The Council remains deeply concerned about the situation in Syria. After more than a decade, the conflict in […]
Iran Regime Council Implementing Regulation (EU) 2023/846 of 24 April 2023 implementing Regulation (EU) No 359/2011 concerning restrictive measures directed against certain persons, entities and bodies in view of the situation in Iran On 12 April 2011, the Council adopted Regulation (EU) No 359/2011. On 25 September 2022, the High Representative of the Union for […]
The Financial Intelligence Analysis Unit (FIAU) would like to notify subject persons that the European Banking Authority (EBA) has recently published the following documents: 1. EBA consultation paper on amendments to the Guidelines on the AML/CFT Risk-Based Supervision to include crypto-asset service providers. On 20 July 2021, the EU issued an AML/CFT legislative package of […]
Kindly note that the SMB has issued a Guidance Note on the listing of one Maltese entity under the OFAC Sanctions Regime. To access this Guidance Note, please follow this link. Please be reminded that all EU/UN sanctions are directly applicable under Maltese law under the National Interest (Enabling Powers) Act, Cap 365 of the […]
Ukraine Regime For the latest updates regarding sanctions specifically imposed under the Ukraine Territorial Integrity Regime, please follow this link. Council Implementing Regulation (EU) 2023/806 of 13 April 2023 implementing Regulation (EU) No 269/2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine On 17 March […]
Ukraine Regime For the latest updates regarding sanctions specifically imposed under the Ukraine Territorial Integrity Regime, please follow this link. Corrigendum to Council Implementing Regulation (EU) 2023/429 of 25 February 2023 implementing Regulation (EU) No 269/2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine On […]
Subject persons (SPs) have a number of obligations under the Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR), including the obligation to carry out on-going monitoring. A main aspect of on-going monitoring is that of scrutinising unusual, anomalous and suspicious transactions detected through the systemic and continuous review of customers’ transactions. When properly […]
Restrictive Measures in order to insert Provisions on a Humanitarian Exemption Council Regulation (EU) 2023/720 of 31 March 2023 amending certain Council Regulations concerning restrictive measures in order to insert provisions on a humanitarian exemption The European Union is able to impose restrictive measures, including the freezing of funds and economic resources against designated natural […]
Ukraine Regime For the latest updates regarding sanctions specifically imposed under the Ukraine Territorial Integrity Regime, please follow this link. Council Implementing Regulation (EU) 2023/722 of 31 March 2023 implementing Regulation (EU) 2023/427 amending Regulation (EU) No 833/2014 concerning restrictive measures in view of Russia’s actions destabilizing the situation in Ukraine On 25 February 2023, […]