On 12th August, the Times of Malta published a more detailed article on the contents of the draft Moneyval assessment explaining why it says Malta’s AML/CFT systems failed the review by international experts.  It explains that to pass the evaluation, countries have to adopt compliant laws and regulations and prove these are being adequately enforced.  The experts can give a grade of effectiveness – high, substantial, moderate or low – for each of the 11 “Immediate Outcomes”.  To pass the test, a country has to get at least a ‘substantial’ in 3 of the 11 sections – Malta failed to obtain this grade.

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at

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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