WWW.MALTATODAY.COM.MT
WEDNESDAY EDITION
€1.00
WEDNESDAY • 5 MAY 2021 • ISSUE 737 • PUBLISHED EVERY WEDNESDAY AND SUNDAY
EDITORIAL • PAGE 11
€1.3m in fines for investment
firms that failed anti-money
laundering checks in 2020
PAGE 6
PAGE 4 PAGE 5
President
hits back at
social media
backlash
on Zejtun
uglification
post
St Aloysius College
and Vassallo Group
roll out plans for
sport college
KURT SANSONE
INVESTMENT services firms were
hit with €1.3 million in penalties fol-
lowing a supervisory examination by
the Financial Intelligence Analysis
Unit last year, shouldering the bulk of
fines dished out by the agency.
Gaming operators were the second
hardest hit sector with the FIAU
imposing €791,917 in fines for an-
ti-money laundering control breach-
es.
The figures come from the FIAU
annual report for 2020 that was ta-
bled in parliament yesterday after-
noon by Finance Minister Clyde
Caruana.
In 2020, the FIAU imposed a to-
tal of €4.6 million in administrative
penalties as it stepped up enforce-
ment and beefed up its resources.
The Financial Intelligence
Analysis Unit annual report
for 2020 shows that the
agency imposed €4.6 million
in administrative penalties
as it stepped up enforcement
and supervision
President
George Vella
