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Title: The impact of new STR requirements on Maltese gaming and banking sectors
Authors: Camilleri, Michelle (2019)
Keywords: Gambling industry -- Malta
Banks and banking -- Malta
Financial Intelligence Analysis Unit (Malta)
Money laundering -- Malta
Money laundering -- Malta -- Prevention
Money laundering -- Government policy -- European Union countries
Issue Date: 2019
Citation: Camilleri, M. (2019). The impact of new STR requirements on Maltese gaming and banking sectors (Bachelor's dissertation).
Abstract: Suspicious transaction reports are an important tool to help fight the crime of money laundering. This dissertation focuses on suspicious transaction reports and the 4th Anti-Money Laundering Directive, particularly in the Maltese gaming and banking sectors. This research mainly consists of the laws and regulations that Maltese companies have to abide by and how they are implemented into the Maltese context. The literature review then delves into the process of submitting and analysing a suspicious transaction report. Here the importance of the Financial Intelligence Analysis Unit is recognised, and statistics from their Annual Report are used. New regulations that arose from the 4th Anti-Money Laundering Directive are explained as, like suspicious reports, they help prevent money laundering. The methodology used in this dissertation is qualitative one, with nine semi-structured interviews conducted. The findings are then analysed with important insights and information noted down into five main themes. The nine participants expressed how new obligations such as implementing a more risk-based approach and stricter due diligence procedures, are beneficial to the participant’s company in preventing money laundering and funding of terrorism. The main findings revealed that suspicious transaction reports are considered as a very important tool and statistics have shown that reporting has increased over the past year.
Appears in Collections:Dissertations - FacSoW - 2019
Dissertations - FacSoWCri - 2019

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