‘Unacceptable’ lack of FIAU law updates despite millions in canceled fines
The government remains unwilling to update legislation governing how fines are issued by the Financial Intelligence and Analysis Unit (FIAU), despite a string of court cases that have ruled them unconstitutional and seen millions of euros in fines cancelled.
In response to The Shift’s questions, FIAU Chair Kenneth Farrugia said the unit would continue operating as usual until an appeals process “seeking a final determination” before the Constitutional Court was concluded.
Experts who spoke to The Shift said the situation was “disturbing” and “unacceptable.”
The FIAU’s fines are repeatedly being challenged because the unit acts as ‘judge, jury and executioner,’…