Over €1 million in administrative fines paid to FIAU in a single year

Published by
The Malta Business Weekly

Finance Minister Clyde Caruana said that the Financial Intelligence Analysis Unit (FIAU) received €1,364,928 in administrative fines that were issued between 1 January 2019 and 14 December 2020.

The Minister was responding the a Parliamentary Question posed by PN MP Ryan Callus, and clarified that this amount does not include money from fines that are being appealed.

The minister explained that the money coming from such fines are used for FIAU operations. “Appealed fines are not paid until there is a final court decision.”

The Malta Business Weekly

In 1994, the Malta Business Weekly became the first newspaper fully dedicated to business. Today this newspaper is a leader in business and financial news. Together with the launch of the MBW newspaper, the company started organising various business breakfasts to discuss various current issues that were targeting the business community in Malta.

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