Discover all the latest published articles covering a wide range of subjects from experts of Mazars in Malta.
Tackling the source of wealth and source of funds dilemma
While traditionally subject persons have focused their efforts on the identification and verification of the customer and the underlying beneficial owner/s, less importance has been placed on understanding the Money Laundering and Financing of Terrorism (ML/FT) risk relating to the customer’s business activity, the source of wealth and the source of funds.
The role of Internal Audit within the AML Framework
In today’s world of tightening regulations and an evolving risk landscape, companies are facing increased pressure to comply with Anti Money Laundering (AML) regulations to avoid hefty fines, reputational risk, and disruptions to their operations.
Managing AML risk within the online gaming industry
The 4th AML Directive brought with it a mandatory risk-based approach, whereby subject persons must draw up AML/CFT policies and procedures commensurate to their risk appetite and to the risks that they are exposed to.
Possible impact of Tax Harmonisation measures in Malta
Whereas the introduction of tax harmonization could be problematic to a country like Malta, it is hard to determine the exact effect and magnitude that the introduction of a system of tax harmonization within the European Union would have on the Maltese economy