- Maltese Legislation
- Maltese legislation comprises the Prevention of Money Laundering Act (PMLA), the Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR), as well as Sub-Title IV A of the Criminal Code.Prevention of Money Laundering Act (Cap. 373 of Laws of Malta)
Besides criminalising the offence of money laundering and introducing the basic legal definitions, the PMLA lays down the procedures for the investigation and prosecution of money laundering offences, as well as the measures for the confiscation of property upon conviction of money laundering, the freezing of assets when a person is charged with an offence of money laundering and measures for the issuance of an investigation and/ or attachment order when a person is suspected of having committed an offence of money laundering. The second part of the Act establishes the Financial Intelligence Analysis Unit and sets out its functions, powers and duties.
On the other hand, the PMLFTR set out the obligations and procedures that subject persons are required to fulfil and implement. These Regulations largely transpose the provisions of the EU’s Third Money Laundering Directive.
Article 328A to M of the Criminal Code criminalises terrorism, the financing of terrorism and ancillary offences
Click on the following PDF links to download a copy of the PMLA, the PMLFTR and the Criminal Code:
Prevention of Money Laundering and Funding of Terrorism Regulations (Legal Notice 180 of 2008)
Criminal Code (Cap. 9 of Laws of Malta)