2023 Risk Evaluation Questionnaire (REQs) deadlines

The 2023 REQ questionnaire is now available on the Compliance and Supervision Platform for Assessing Risk (CASPAR) portal on the FIAU page for completion by subject persons.

The deadlines for submission of the 2023 REQs are as follows:

Thursday 13th April 2023

Thursday 20th April 2023

Thursday 27th April 2023

  • Virtual Financial Assets Agents
  • Virtual Financial Assets Service Providers
  • Real Estate Agents
  • Notaries
  • Gaming Operators                                         
  • Trustees and Fiduciaries
  • Company Service Providers
  • Accountants and Auditors
  • Tax Advisors
  • Advocates                                           
  • Credit institutions
  • Financial Institutions
  • Investments Service and Securities Markets
  • Insurance and Pensions

Subject Persons can only submit the REQs through the CASPAR System. 

Subject persons operating in categories falling on different deadlines should follow the last deadline for their relevant sectors. Submission of the REQ following the respective deadlines will be considered as a late submission and may result in subject persons being liable to an administrative penalty.

Subject Person Profile

Additionally to the REQ, subject persons have to populate the 'Subject Person Profile’ module on CASPAR. Guidance on populating the module can be viewed by accessing the FIAU website.

The subject person is expected to submit a copy of the latest Business Risk Assessment when updating the profile on CASPAR. Our Business Risk Assessment model is a bespoke model designed around specific risks of the subject person. It meets all the requirements of the PMLFTR and FIAU Implementing Procedures, taking into considerations both quantitative and qualitative factors. 

Our team of experts can assist subject persons in compiling the Risk Evaluation Questionnaire on CASPAR.

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