ABOUT NCC




The National Coordinating Committee on Combating Money Laundering and Funding of Terrorism (NCC) was established within the Ministry for Finance through Subsidiary Legislation S.L. 373.02. The NCC is the governing body responsible for the general oversight of Anti-Money Laundering / Combating the Funding of Terrorism (AML/CFT) policy, and therefore in charge of defining, overseeing and coordinating the implementation of such strategy. It is responsible for promoting effective collaboration between regulators and law enforcement agencies, and for monitoring interaction between them.

SECTORIAL RISK
ASSESSMENTS

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POLICY AND
GUIDELINES

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INITIATIVES

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OUR FUNCTIONS

The National Coordinating Committee on Combating Money Laundering and Funding of Terrorism (NCC) was established within the Ministry for Finance through Subsidiary Legislation S.L. 373.02. The NCC is the governing body responsible for the general oversight of Anti-Money Laundering / Combating the Funding of Terrorism (AML/CFT) policy, and therefore in charge of defining, overseeing and coordinating the implementation of such strategy. It is responsible for promoting effective collaboration between regulators and law enforcement agencies, and for monitoring interaction between them.

 

The objectives of the NCC are:

  • Ensure full transparency on Malta’s AML/CFT risks;
  • Comprehensive, coordinated and communicated strategy for managing the risks;
  • Effective execution of and follow-through on decision made;
  • Effective ongoing cooperation and intelligence sharing among stakeholders.

NCC Board Members and NCC Secretariat

The members of the National Coordinating Committee for Money Laundering and Financing of Terrorism meet periodically for meetings chaired by Chairperson. Several observers also attend these meetings. These observers include the FIAU Director, the Commissioner of Voluntary Organisations, the Registrar of Courts and several Chief Officers of the competent authorities.

Dr Pauline Saliba holds the position of Executive Secretary of the NCC. She also monitors the NCC Secretariat. The Secretariat supports the NCC by reviewing, analysing and monitoring the ML/TF threats in Malta, as well as monitoring the implementation of action plans against agreed timelines.

Mr. Paul Zahra (NCC Chairperson)


Permanent Secretary
Ministry for Finance & Employment

dr victoria borg

Dr. Victoria Buttigieg



Attorney General
Office of the Attorney General

Judge Emeritus Dr. Joseph David Camilleri

Chairperson
Asset Recovery Bureau

joseph caruana

Mr. Joseph Caruana



Commissioner
Commissioner for Tax and Customs

Mr. Angelo Gafa


Commissioner
Malta Police Force

Mr. Johan Galea


Permanent Secretary
Ministry for Justice and Reform of the Construction Sector

jesmond-gatt

Mr. Jesmond Gatt

Chairperson
Malta Financial Services Authority

ryan pace

Dr. Ryan Pace


Chairperson
Malta Gaming Authority

edward scicluna

Prof. Edward Scicluna

Governor
Central Bank of Malta

Mr. Kenneth Farrugia

Chairperson
Financial Intelligence Analysis Authority

Ms Joyce Dimech

Permanent Secretary
Ministry for Home Affairs, Reforms and Equality

NATIONAL STRATEGY 2021-2023

The responsibilities and functions of the NCC are set in Subsidiary Legislation 373.02 which also includes the drawing up and implementation of a national strategy to combat money laundering, terrorism financing and proliferation financing. The National AML/CFT/TFS Strategy covers the period 2021-2023 and has the objective of addressing the important aspect that effectiveness is key. Until now the emphasis was always on the tools and having the necessary legislation in place. In fact, the 2017-2020 AML/CFT Strategy focused on addressing the gaps that impeded the ability to effectively combat money laundering and terrorism financing. The focus now is on using the means that have been implemented to have concrete ends.

The 2021-2023 AML/CFT/TFS Strategy is based on seven policy goals each addressing specific areas in order to upscale Malta’s fight against money laundering, terrorism financing and proliferation financing. Under each policy goal there are a list of actions with specific milestones where several public authorities need to address.

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