Challenges, common practices among money laundering reporting officers

The Malta Financial Services Authority (MFSA) has published a 'Dear CEO' letter outlining the results emanating from a thematic review focused on Money Laundering Reporting Officers (MLROs) operating within Company Service Providers (CSPs) set up as corporate entities.As highlighted in the latest rendition of Malta’s National Risk Assessment, CSPs bear more onerous obligations in safeguarding...