A very productive training event was organized by FTA at the invitation of the Maltese FIU (FIAU) focusing on sector-specific ML/FT typologies, case studies, and red flag indicators. This marks another significant step by Malta towards improving its compliance framework.

In other news, the Cayman Islands Monetary Authority (#CIMA) has recently installed #Strix™ AML, becoming the first authority to use this state-of-the-art risk assessment tool. We are thrilled to see STRIX AML in action as CIMA actively uses it to assess risk and design supervisory engagement with their sectors. This modern, powerful, and comprehensive tool will greatly enhance CIMA’s ability to ensure compliance and effective supervision.