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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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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