2023 Risk Evaluation Questionnaires
2023 Risk Evaluation Questionnaires
The Financial Intelligence Analysis Unit (FIAU) published a notice advising subject persons of the 2023 Risk Evaluation Questionnaire (REQ) deadlines.
The 2023 REQs shall be available on the Compliance and Supervision Platform for Assessing Risk (CASPAR) portal for completion by subject persons as from 1st March 2023. The FIAU has made available revised REQ specimen per sector, allowing subject persons to commence with the collation of the necessary information to meet the set deadlines.
The FIAU will, once again, not publish sector-specific guidance ahead of the REQ submission deadline. Rather, for the purpose of assisting subject persons in completing the 2023 REQ, guidance will be made available for each question through the questionnaire itself.
2023 REQs deadlines
The 2023 REQs submission deadlines are the following:
Thursday 13th April 2023 |
Thursday 20th April 2023 |
Thursday 27th April 2023 |
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Virtual Financial Assets Agents |
Trustees and Fiduciaries |
Credit institutions |
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Virtual Financial Assets Service Providers |
Company Service Providers |
Financial Institutions |
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Real Estate Agents |
Accountants and Auditors |
Investments Service and Securities Markets |
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Notaries |
Tax Advisors |
Insurance and Pensions |
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Gaming operators |
Advocates |
Subject Persons Profile
Subject persons are also reminded of their obligation to complete the ‘Subject Person Profile’ module and to review their business risk assessment, ensuring this is accurate and up-to-date. A revised and/or updated business risk assessment is to be approved by the Board of Directors or equivalent management body.
BDO is here to help!
BDO Malta is equipped with professionals who can assist in:
- setting up or reviewing an organisation’s business risk assessments (BRAs); and
- assisting and guiding organisations in preparing the required REQ information.