The Financial Intelligence Analysis Unit (FIAU) on Wednesday announced that it has named Alfred Zammit as its new director.

Mr Zammit had served as acting director of the financial crime watchdog since April, taking over from Kenneth Farrugia, who left the position to become CEO of the Malta Financial Services Authority.

The FIAU’s board of directors, chaired by Mr Farrugia, unanimously agreed that Mr Zammit is the most suitable candidate for the position.

Mr Zammit first joined the FIAU in 2010, and over his career he has gained broad experience within the anti-money laundering and combating the financing of terrorism (AML/CFT), as well as a critical understanding of the unit’s history, development, and functions.

These are all “critical elements” for the “successful leadership” of the unit, the FIAU stated.

The FIAU’s Board of Directors and the team congratulated Mr Zammit on his appointment, stating that it looks forward to “continued success under his direction”.

Throughout his time at the FIAU, Mr Zammit has regularly participated in AML/CFT international workshops and conferences, and has represented the watchdog in international fora. He has also participated in numerous AML/CFT training sessions, both locally and internationally, and regularly contributes in formulating AML/CFT guidance documents, legal amendments, and the transposition of EU AML/CFT directives.

He holds a Bachelor of Commerce (Hons) in Management and Economics from University of Malta. Aside from his time at the FIAU, Mr Zammit also has experience working at the Central Bank of Malta and within the private sector.

Central Bank finds annual growth in business activity to be lower than average

February 29, 2024
by BN Writer

Price expectations rose among retailers and in the construction sector

Mazzit may get special certification as a typically Maltese product

February 29, 2024
by Robert Fenech

The MCCAA has launched a public consultation about the mazzit’s Protected Geographical Indication rating

Byron Camilleri takes over employment portfolio amidst Sofia inquiry fallout

February 29, 2024
by Anthea Cachia

‘The decision was primarily taken to strengthen the coordination between Government entities’