Business Risk Assessment 2020

Subject Persons have to submit their latest Business Risk Assessment (BRA) by the 31 March 2020 (late submission until 30 April 2020) together with the Risk Evaluation Questionnaire.

PwC can assist you with fulfilling your obligations on time

The BRA lies at the heart of the risk-based approach underpinning current AML/CFT regulatory frameworks and is a regulatory obligation that has been drawing increased scrutiny by supervisory authorities. The BRA enables an entity to develop a thorough understanding of the inherent and residual ML/FT risks present in its customer base, products, delivery channels and services offered and the jurisdictions within which it or its customers do business.

The BRA is considered as one of the foundations of the AML/CFT Framework and PwC can assist you by facilitating the identification, assessment and understanding of your AML/CFT risk exposure in order for you to be able to take appropriate mitigating steps to align residual risk exposure with your risk appetite in line with this recommended approach.

Contact us

Mark Lautier

Mark Lautier

Tax Partner, PwC Malta

Tel: +356 2564 6744

Deborah Gatt

Deborah Gatt

Senior Manager, Tax, PwC Malta

Tel: +356 2564 2343

Follow us

Subscribe to the PwC Thought Leadership Newsletters / Alerts

PwC Malta engages through regular publications on relevant issues covering accounting, income tax, VAT, regulatory and industry specific topics.

Required fields are marked with an asterisk(*)

Please tick as appropriate

 
 

Hide