Malta sees 157% increase in suspicious transaction reports

Malta's Financial Intelligence Analysis Unit (FIAU) has reported a 157% increase in suspicious transaction reports (STRs) in 2019 from 2017, with 2,778 STRs received. The anti-money laundering unit also reported an unprecedented increase in the number of requests for information received from other domestic authorities especially supervisory authorities. FIAU is also sharing information with other countries as part of global efforts to tackle financial crime. The Financial Intelligence Analysis Unit shared 1,549 so-called spontaneous reports in 2019, an increase compared with 749 in 2...