REQ 2025 goes live, Malta operators urged to meet compliance deadline
The Financial Intelligence Analysis Unit (FIAU) has opened the , with iGaming operators required to submit the completed document by 10 April 2025.
The REQ is a crucial compliance requirement for operators in Malta that ultimately contributes to the integrity of the gaming industry, reducing exposure to illicit activities such as money laundering and terrorist financing.
The 2025 REQ will be available on the Compliance and Supervision Platform for Assessing Risk () portal starting today, 3 March 2025. Failure to submit the questionnaire by the deadline may result in breaches of Regulation 19 of the Prevention of Money Laundering and Funding of Terrorism Regulations and Sections 5.12 of the Implementing Procedures. Furthermore, operators may face potential administrative penalties under Regulation 21.
REQ requirements
To complete the REQ, operators must first update the ‘Subject Person Profile’ module on , which includes details about ownership, structure, financials, and target markets. Additionally, a Business Risk Assessment must be conducted and uploaded to CASPAR. This comprehensive approach ensures that operators thoroughly understand their risk landscape and are well-equipped to manage potential threats.
Operators who have not yet registered on the CASPAR portal must do so promptly, with registration help available in the . Once registration is approved, operators will then be able to access and complete the REQ 2025.
To support gaming operators in completing the REQ, the FIAU provides guidance for each question within the questionnaire. Excel and PDF versions are also available in advance for information-gathering purposes.
The FIAU Malta Risk Evaluation Questionnaire serves as a crucial tool in the country’s AML/CFT framework, allowing the authority to gather comprehensive data and assess the risk profile of subject persons effectively.
It is essential for iGaming operators in Malta to prioritise the timely and accurate submission of their REQ to maintain regulatory compliance and mitigate any risks associated with money laundering and terrorist financing. For more information, the FIAU has provided a comprehensive .
