Source of Wealth and Source of Funds are terms that refer to the information that helps subject persons identify the ML/FT risks associated with a client as well as helping subject persons to build a customer profile based on the information. The scope of this information capture is to meet obligations established by law and help with the fight against Money Laundering and Funding of Terrorism. Hence, what do these terms refer to and what are our obligations?
For further information please click here
Related News
Urgent Family Leave Updates
We would like to bring to your attention an important update regarding the Urgent Family Leave Entitlement, which came into effect on 4 ...more
Read More
Strengthening Governance from Within: The Role of Executive and Non-Executive Directors in Family Businesses
Family businesses, while anchored in strong values and long-term vision, often face governance challenges due to blurred roles and conc ...more
Read More
Understanding the Complexities of a Family Business
Family businesses are vital to Malta’s economy, accounting for over 70% of SMEs. These enterprises, often run by multiple generations ...more
Read More
New EU Funding Schemes for Businesses
As industries continue to evolve and businesses face new challenges, access to funding becomes increasingly vital for digital transform ...more
Read More
Micro Invest Scheme
Applications for the Micro Invest scheme are now open! Self-employed individuals and micro and small enterprises can benefit from a tax ...more
Read More
Payroll Adjustments for year 2025
As part of the government's budget announcement for the new year, several significant payroll changes have been introduced that will af ...more
Read More
Pedalling for a Purpose: Daniel Borg on the LifeCycle Challenge in Africa
DFK Malta’s Director of Accountancy & Advisory, Daniel Borg, recently took on the LifeCycle Challenge in Africa, an inspiring tes ...more
Read More
DFK Holiday Closure Announcement!
Season’s Greetings from DFK Malta!As the holiday season approaches, we would like to extend our warmest Christmas wishes to each of y ...more
Read More
How do you register a Co-operative in Malta?
A co-operative is a unique, member-driven business model where individuals come together to meet common economic, social, and cultural ...more
Read More
Business Enhance Grant Schemes – December Deadline
Several Business Enhance funding schemes, offering EU funding to Maltese businesses, are approaching their final application cut-off da ...more
Read More