The Times of Malta on 11th August carried a report saying that limited financial and human resources are allocated to investigation and prosecution. It says that Moneyval experts were “not convinced” that Malta effectively investigates and prosecutes high-level money laundering, bribery, and corruption cases, viewed as one of the Malta’s main shortcomings. This came after the newspaper said it had seen a draft copy of the Moneyval AML/CFT evaluation of Malta’s AML/CFT systems. Reportedly Malta has been given a year to get its house in order or face potential blacklisting procedures.
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