AML/CFT Handbook - Appendix C Update

The Commission has today updated the Handbook on Countering Financial Crime and Terrorist Financing (the “Handbook”) to include Malta in the Appendix C list of equivalent jurisdictions.

Appendix C to the Handbook lists those countries or territories which the Commission considers require businesses to have in place measures consistent with the FATF Recommendations and where such businesses are appropriately supervised for compliance with those requirements.  However, the inclusion of a country on  Appendix C does not signify that it is intrinsically low-risk.

Malta’s addition to Appendix C means that in certain circumstances specified in the Handbook, specific customer due diligence (CDD) concessions may be applied to businesses connected with the jurisdiction. Firms must ensure that in determining the application of those CDD measures which apply only where the risk is low, that their customer risk assessments consider all relevant risk factors and not solely by reference to the jurisdiction’s inclusion on Appendix C. 

The clean and tracked version of the Handbook, including Appendix C, can be accessed via the Handbook Page.