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.
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.
THE BOARD & 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.
A Secretariat supports the NCC by reviewing, analysing and monitoring the ML/TF threats in Malta, as well as implementing action plans against agreed timelines.
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.
Ministry for Finance & Employment
Office of the Attorney General
Asset Recovery Bureau
Commissioner for Revenue
Malta Police Force
Ministry for Justice
Financial Intelligence Analysis Unit and Malta Financial Services Authority
Malta Gaming Authority
Ministry for Home Affairs, Security, Reforms and Equality.
Central Bank of Malta
