meta_id 3220092

On June 8, 2026, Malta's Financial Intelligence Analysis Unit (FIAU) launched a consultation on proposed legislative amendments to transpose and implement the European Union's anti-money laundering and counter-terrorism financing package. The AML Package, comprising Directive (EU) 2024/1640, Regulation (EU) 2024/1620, and Regulation (EU) 2024/1624, will become applicable from July 10, 2027. The FIAU is proposing significant amendments to four key legislative instruments: the Prevention of Money Laundering Act, the Prevention of Money Laundering and Funding of Terrorism Regulations, the Centralised Bank Account Register Regulations, and the Use of Cash (Restriction) Regulations. These amendments will substantially reshape Malta's anti-money laundering framework and the FIAU's operational structure. The proposed changes include establishing a Board of Governors to oversee the FIAU, creating dedicated intelligence analysis, supervisory, and administrative enforcement functions, and implementing new powers for transaction opposition and account suspension. The amendments also enhance transparency and accountability in the FIAU's operations through mechanisms including a fundamental rights officer and regular feedback to obliged entities. The consultation encompasses provisions for direct access to financial and administrative data, enhanced supervisory coordination through anti-money laundering and counter-terrorism financing supervisory colleges, and strengthened administrative enforcement procedures. The FIAU is also proposing the establishment of a centralised automated account register enabling timely identification of account holders and beneficial owners. Interested parties must submit feedback and suggestions by July 31, 2026, via email to consultations@fiaumalta.org. Following the consultation period, the FIAU will finalise its proposals for submission to the government for legislative enactment, with implementation targeted for July 10, 2027, aligning with the EU AML Package's application date.