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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

Policy
and Guidelines

Initiatives

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 which is headed by the Executive Head Dr. Helga Buttigieg Debono, and supported by her team of personnel. The supporting Secretariat is there to review, analyse and monitor the ML/TF threats in Malta, as well as to implement action plans against agreed timelines.

Mr. Alfred Camilleri (NCC Chairperson)

Permanent Secretary

Ministry for Finance & Employment

Dr. Victoria Buttigieg

Attorney General

Office of the Attorney General

Judge Emeritus
Dr. Joseph David Camilleri

Chairperson

Asset Recovery Bureau

Mr. Marvin Gaerty

Commissioner

Commissioner for Revenue

Mr. Angelo Gafa

Commissioner

Malta Police Force

Mr. Johan Galea

Permanent Secretary

Ministry for Justice, Equality & Governance

Mr. Jesmond Gatt

Chairperson

Financial Intelligence Analysis Unit

Mr. Kevin Mahoney

Permanent Secretary

Ministry for Home Affairs, National Security & Law Enforcement

Prof. John Mamo

Chairperson

Malta Financial Services Authority

Dr. Ryan Pace

Chairperson

Malta Gaming Authority

Prof. Edward Scicluna

Governor

Central Bank of Malta

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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