MALTA SET FOR POOR AML REGIME RATING

The Times of Malta on 14th July reported that Moneyval is likely to give Malta a time window – possibly a year – to address a series of shortcomings in its AML efforts or face the threat of eventual blacklisting.  Malta government agencies have given their final submissions to the panel of experts, after having received the last draft of the country evaluation on July 3rd.  The evaluation, which the sources described as having given Malta a poor rating, will now be formally approved at a plenary session of the Council of Europe in Strasbourg.

https://timesofmalta.com/articles/view/malta-set-for-poor-anti-money-laundering-regime-rating.721573

 

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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