MORE ON MONEYVAL’S CRITICAL ASSESSMENT OF MALTA’S AML/CFT SYSTEMS

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.

https://timesofmalta.com/articles/view/moneyval-inside-the-anti-money-laundering-dossier.728255

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MALTA: FUEL TRADER DARREN DEBONO’S BID TO BLOCK UN SANCTIONS LISTING DENIED BY COURT

The Times of Malta reported on 12th August that a court has said that the fuel trader’s rights are not being prejudiced.  He sought to block the government from pursuing international sanctions against him for alleged involvement in fuel smuggling from Libya.  He had filed the application on behalf of his 3 companies – Water World Fisheries Ltd, Andrea Martina Ltd and Maria De Lourdes Ltd – against the Prime Minister and the Minister for Foreign Affairs.  The application to have him, and 2 associates – Gordon Debono and Libyan businessman Fahmi Bin Khalifa – added to the UN sanctions list was, at least temporarily, blocked by Russia.

https://timesofmalta.com/articles/view/darren-debonos-bid-to-block-sanctions-denied-by-court.728483

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 https://www.buymeacoffee.com/KoIvM842y

“THE LAUNDROMAT”, A-LIST MOVIE BASED ON THE PANAMA PAPERS, TO PREMIERE AT VENICE INTERNATIONAL FILM FESTIVAL

On 12th August, ICIJ reported that the movie, directed by acclaimed filmmaker Steven Soderbergh for Netflix, and inspired by one of the biggest data leaks in history is set for its world premiere in Venice in September.  Its stars include Meryl Streep, Gary Oldman as Jürgen Mossack and Antonio Banderas as Ramon Fonseca.

https://www.icij.org/blog/2019/08/the-laundromat-a-list-movie-based-on-the-panama-papers-to-premiere-at-venice/

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 https://www.buymeacoffee.com/KoIvM842y