Trustee services firm fined €41,136 in Malta over ML/TF risk assessment faults

An unnamed trustee services company has been ordered to pay €41,136 after the Financial Intelligence Analysis Unit (FIAU) in Malta found deficiencies in its business and customer ML/TF risk assessments via an offsite compliance review in 2020.

An unnamed trustee services company has been ordered to pay €41,136 after the Financial Intelligence Analysis Unit (FIAU) in Malta found deficiencies in its business and customer ML/TF risk assessments via an offsite compliance review in 2020. [1]