FIAU REQ Submission Update

The FIAU has announced that the late submission penalty fee of EUR 100 applicable throughout the REQ submission period from 1st April 2020 to 4th May 2020 shall not be applicable. There shall also not be a ‘late submission’ period, and the only deadline for the submission of the REQ shall, for the time being and unless further extended by the FIAU which will be monitoring the situation, be set for 4th May 2020 at 17:00hrs. Subject Persons who submit their REQ after the 4th May deadline may be subject to administrative penalties.