Alfred Zammit, Deputy Director of the FIAU, provided an update on the progress that has been made through the introduction of better supervisory and enforcement measures, effective action and penalties that have been put in place and increased resources. It was remarked that amidst the progress that has been made by some authorities, Malta still has a long way to go and there is a degree of seriousness lacking in the area of compliance with too many companies still performing ‘tick box’ compliance.