On 12th September, Moneyval published its July 2019 MER on Malta’s AML/CFT systems. It calls on the Maltese authorities to strengthen their practical application of their measures to combat money laundering and financing of terrorism. It acknowledges that the authorities have demonstrated a broad understanding of the vulnerabilities within the system, but a number of important factors – notably predicate offences, financing of terrorism, legal persons and arrangements, the development of new technologies and the use of cash – appear to be insufficiently analysed or understood.
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