The connection between the Galdes family and a housing contractor has reportedly raised red flags with Malta’s Financial Intelligence Analysis Unit (FIAU). The FIAU is likely investigating potential money laundering or corruption links, given their guidance on identifying suspicious transactions and red flags in financial statements. This includes anomalies in revenue reporting, abnormal cash sales, and irregularities in purchases and inventory.
The FIAU’s guidance document SA25-01 highlights the importance of scrutinizing financial information for indicators of money laundering and terrorist financing. If you’re interested in learning more about the FIAU’s role or the implications of this investigation, I’d be happy to help.
